Cement News tagged under: Central America
Dominican Republic market contracts 13% in 4M2022 July 2020, Published under Cement NewsCement sales in the Dominican Republic declined 13 per cent to US$120m in the January-April 2020 period when compared with June 2019. In addition, Dominican cement producers also reported a 20 per cent YoY fall in exports, which reached 227,639t of cement. Their output during the period decreased 24 per cent YoY to 1.36Mt. Adriano Brunetti, president of the country’s cement association Adocem, said: "... 'The most difficult thing was the total stoppage of construction without an opening b... |
Puerto Rican cement sales up 42% in June13 July 2020, Published under Cement NewsCement sales in Puerto Rico advanced 42 per cent YoY in June, according to date from the country’s Statistics Institute. Sales reached 68,180t in June 2020, compared with 48,138t in June 2019. The increase is the second since October last year. Cement sales have fallen throughout 2019 and the first months of 2020. In March they fell 55.1 per cent YoY and this was followed by a 60.6 per cent drop in April as the construction industry fell silent to prevent the spread of the coronavirus. How... |
Cemex's climate strategy still on track26 June 2020, Published under Cement NewsCemex has announced that it will be continuing to move ahead with its climate action strategy, as part of its response to the COVID-19 pandemic. In February the company announced it had set a target for a 35 per cent reduction of its net specific CO 2 emissions per tonne of cement compared with its 1990 baseline. "Climate change is one of the biggest challenges of our time, and we believe that we can continue to address it as a fundamental component of our efforts to recover from the COVI... |
Elementia appoints new CEO24 June 2020, Published under Cement NewsMexico’s Elementia has appointed Jaime Rocha Font as its new CEO, with effect from 2 September 2020. Mr Rocha Font will take over the position from Fernando Ruiz Jacques, who has held the role since February 2015. Mr Rocha Font is the current head of Elementia’s cement division and thereby serves as the CEO of Cementos Fortaleza. Alongside this, he has been the president of the country’s National Cement Chamber since 2019. "I appreciate the work and dedication that Fernando Ruiz carrie... |
Cement sales in Puerto Rico up 2% in May10 June 2020, Published under Cement NewsPuerto Rican cement sales increased 2.1 per cent YoY to 52,824t – the first increase since October and the highest level in seven months, according to the country’s Statistics Institute. In May 2019 sales stood at 51,546t while for the full year, they fell 5.6 per cent YoY to 575,100t. Cement sales were significantly impacted by COVID-19 in March and April, seeing declines of 55.1 and 60.6 per cent, respectively. Domestic cement output advanced 2.5 per cent YoY to 43,878t in May 2020 – th... |
Cemex announces plans for US$1bn bond issue03 June 2020, Published under Cement NewsCemex has announced plans to issue US$1bn worth of bonds, with a 7.375 per cent coupon and a maturity date of June 2027. The issue is expected to be used to support ongoing business activities, including debt repayment. The bonds will be issued with an option to repurchase them four years prior to maturing and the offering period will close on 5 June. Elsewhere, Mexico's energy regulator approved new rates that electricity providers must pay the national power utility for transmission... |
Caribbean Cement forecasts 10-20% sales decline in 202003 June 2020, Published under Cement NewsJamaica-based Caribbean Cement expects its annual sales to drop 10-20 per cent this year, due to the effects of the COVID-19 pandemic. "The forecast we are seeing is a 10 to 20 per cent decline in annual terms," said Yago Castro, general manager. "We are factoring the first quarter which was normal, but the second quarter we saw a drop by one-third, and the third quarter we are also expecting a decline when compared with last year," he said. Sales were down 35 per cent YoY in April and... |
Dominican cement demand up 7% in 201928 May 2020, Published under Cement NewsThe Dominican cement market expanded 7.2 per cent YoY to 4.7Mt in 2019. Consumption in 2018 reached 4.3Mta, according to the country’s cement association, Adocem. Output by Dominican cement producers advanced four per cent YoY to 5,644.176t, representing a capacity utilisation rate of 81.5 per cent. “In the current coronavirus pandemic (COVID-19) one of the main challenges to face lies in the need to establish a medium-term construction development horizon, based on the multiplier impact... |
Cemex announces organisational changes22 May 2020, Published under Cement NewsCemex has made several immediate appointment changes and changes at senior positions in the company. Jose Antonio Gonzalez, Cemex's current executive vice president of finance and administration, has been appointed executive vice president of strategic planning and business development. Maher Al-Haffar, current vice president of investor relations, corporate communications and public affairs, has been appointed executive vice president of finance and administration. Maurice Boehner, cur... |
Puerto Rican cement sales decline 61% in April18 May 2020, Published under Cement NewsSales of cement in Puerto Rico fell 55.1 and 60.6 per cent in March and April 2020, respectively, according to the country’s Instituto de Estadísticas. In March 2020 526,500 bags of 94lb, or 22,496t were sold while in April the offtake reached 451,300 bags or 19,283t. The drop in sales was attributed to the lockdown and the production stop due to the coronavirus. Cement production fell 59.2 per cent to 493,300 bags (21,077t) in March and 49.5 per cent to 377,200 bags (16,117t) in April. |