Cement News tagged under: Central America
Puerto Rican cement market expands 24% in July26 August 2020, Published under Cement NewsCement demand in Puerto Rico advanced 23.8 per cent YoY to 60,546t (1.42m bags of 42.6kg) when compared with 49,033t (1.15m bags) in July 2019, according to data by the country’s statistics institute. Cement sales fell in 2019 and the first few months of 2020 before plummeting in March and April due to the COVID-19 pandemic, which stalled economic activity. In May demand started to recover with sales up 2.1 per cent YoY, a trend that continued the following month as sales rebounded by 42 pe... |
Puerto Rican cement sales rise in July19 August 2020, Published under Cement NewsPuerto Rican cement sales increased 23.8 per cent YoY in July 2020, rising to 1.42m (42.5kg) bags from 1.15m bags in the corresponding period of 2019, according to Sin Comillas. Cement sales reportedly began to recover in May 2020 and surged 42 per cent YoY in June 2020. Cement production also advanced 31.3 per cent YoY to 1.32m bags in July 2020. |
Central America’s resilience17 August 2020, Published under Cement NewsThe markets of Honduras, Panama, Guatemala, Belize, El Salvador, Nicaragua and Costa Rica will have to show fresh resilience in the resultant aftermath of COVID-19. Dependent on tourism and overseas remittances, central government funds will have been hit hard and economic recovery may be a protracted struggle. While Guatemala is home to Central America’s largest cement production base, accounting for 5.8Mta of capacity, it has seen imports rise in recent years like elsewhere in th... |
Dominican Republic market contracts 20% in 1H2012 August 2020, Published under Cement NewsCement sales in the Dominican Republic fell 20.3 per cent YoY to 1,835,598t in the first half of 2020 from 2,303,915t in the 1H19, reports the domestic cement association, Adocem. In terms of value, there was a 9.8 per cent decline to DOP9.9bn (US$168.6m) from DOP10.98m in the 1H19. Output from domestic cement plants decreased 23.5 per cent YoY to 2,150,200t in January-June 2020 from 2,812,131t in the equivalent period of the previous year. This represents a capacity utilisation of 62 per c... |
Argos launches ECO Multiproposito in Honduras10 August 2020, Published under Cement NewsColombian cement producer Argos has launched its ECO Multiproposito cement in Honduras. The product is a general-purpose cement that thanks to sustainable production processes lowers CO 2 emissions by 40 per cent. Energy for the production process at the company’s Comayagua plant is sourced from a solar power array that it inaugurated at the start of 2020. The new product is said to be the first environmentally-friendly cement sold in the country, reports Esmerk Latin American News. |
Argos achieves revenues of COP2.1trn in 2Q2006 August 2020, Published under Cement NewsFrom April to June 2020, Argos, part of Grupo Argos, reported revenues of COP2.1trn (US$553.5m), which represents a contraction of 9.1 per cent compared to the same quarter of last year. These figures were caused in part by lower volumes associated with lockdowns and the mandatory closings of operations in many markets. Argos partially offset the decrease in volumes thanks to the resilience of the construction industry in the USA and the exchange rate of the Colombian peso, which continued... |
US Portland and blended cement deliveries decline 6% in May05 August 2020, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico fell 6.3 per cent YoY to 8.7Mt in May 2020, according to data published by the US Geological Survey (USGS). The top five state markets were Texas, California, Florida, Illinois and Ohio. Their total market share was 39 per cent in May. The leading producing states were Missouri, California, Texas, Florida and Michigan, which combined accounted for 42 per cent of the nation’s output. In terms of ... |
Cemex sales decline by 10% in 2Q2028 July 2020, Published under Cement NewsCemex reported significant disruption from COVID-19 in 2Q20. Sales declined by 10 per cent YoY and EBITDA fell by six per cent to US$554m. These decreases were attributed to lockdown measures. The decline in quarterly consolidated net sales was due to lower volumes for the company's three core products in almost all regions. The USA was the one exception with cement volumes growing six per cent. Net operating earnings before other expenses decreased 17 per cent to US$279m on a like-for-li... |
Cemex Latam Holdings sales decline 36% in 2Q2028 July 2020, Published under Cement NewsCemex Latam Holdings, SA announced that in a quarter marked by significant disruption from the COVID-19 pandemic, sales declined by 36 per cent in 2Q20, while EBITDA fell by 32 per cent, in local-currency terms, YoY. Cemex’s consolidated cement volumes declined by 33 per cent during the second quarter YoY. However, volumes recovered significantly in June, doubling the volumes sold during April. Quarterly consolidated prices for cement improved by four per cent YoY and remained stable seque... |
Cemex launches Vertua® low-carbon concrete24 July 2020, Published under Cement NewsCemex has launched Vertua® a low-carbon concrete range of products designed to offset residual CO 2 and provide a CarbonNeutral® concrete product. Vertuar achieves a 70 per cent reduction in embodied carbon emissions, claims Cemex. The range offers concrete solutions for foundations, floors and walls of buildings. "Vertua® is part of our ambition to deliver net-zero CO 2 concrete globally to all of our customers by 2050. It is also part of our effort to accomplish a 35 per cnet reduction... |