Cement News tagged under: Central America

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Cementos Argos 1H results impacted by challenging Colombian market

17 August 2018, Published under Cement News

Cementos Argos released its 2Q18 results this week with revenues up by 1.4 per cent at COP2.184trn (US$726bn) from COP2.154trn in 2Q17. The 1H18 revenue amounted to COP4.092trn, down from COP4.231trn in 1H17, a fall of 3.3 per cent. EBITDA and net income were affected by the US$24m fine imposed by the Superintendence and Commerce in Colombia. 2Q18 EBITDA amounted to COP328bn, down 11.2 per cent on the COP370bn of 2Q17. Adjusted EBITDA, excluding the fine reached COP404bn in 2Q18, was up 5.9 ...

FLSmidth signs two large cement plant contracts in Central America

06 August 2018, Published under Cement News

FLSmidth has been awarded two new contracts for greenfield and brownfield cement plants in Central America. Both US$100m+ contracts include design and engineering, equipment supply, automation systems, training and advisory services for installation and commissioning. The expected start-up is in 24-26 months and once online, the works will have a capacity of 2000tpd and 3500tpd. Combined, the contracts are worth more than EUR250m. Among several other conditions, they are also subject to F...

Cementos Argos sees falling volumes

18 May 2018, Published under Cement News

Cementos Argos released its 1Q18 results this week , announcing revenues of COP1.9trn (US$670m), but cement sales fell by 4.1 per cent to 3.7Mt and ready-mix volumes by 7.5 per cent to 2.4Mm 3 . ICR reviews the state of Cementos Argos' regional markets and guidance going forward. The outlook for the cement and ready-mix market for the rest of the year remains positive, mainly boosted by the residential segment, which is expected to continue gaining momentum, supported by the solid fundam...

Leading cement producers: 2017 overview

29 March 2018, Published under Cement News

On the whole, 2017 was a year of growth for the world's leading cement producers. HeidelbergCement saw its revenues advance by 13.8 per cent YoY, while China's Anhui Conch reported sales growth of 34.7 per cent. Dangote recorded an improvement in revenue of 31 per cent while Cemex, Buzzi Unicem, Vicat and CRH all saw more marginal expansions of between two and 5.1 per cent YoY (see Figure 1). The only major to report a fall in sales revenue was LafargeHolcim, dipping 2.9 per cent as its ceme...

Sika establishes El Salvador subsidiary

13 September 2017, Published under Cement News

Sika is continuing to expand its presence in Central America and is setting up its 99th national subsidiary in El Salvador. The company will thus be represented by its own sales and distribution organisation in the small Central American country with over 6m inhabitants. José Luis Vázquez, Regional Manager Latin America: “Sika already has a strong market position in El Salvador, as we have been supplying the construction sector out of Guatemala for many years. With this new national subsid...

Cementos Progreso joins the CSI

05 September 2017, Published under Cement News

Cementos Progreso of Guatemala has joined the Cement Sustainability Initiative (CSI) as its first affiliate member, a new level created this year by CSI to expand its membership base and facilitate the initial steps for new joiners of the initiative. Cementos Progreso was founded in 1899 and is headquartered in Guatemala City, Guatemala. As a key player in construction industry in Latin America, the Company operates through three segments: cement, ready-mix concrete, and lime. The com...

Argos sees challenges at home

14 August 2017, Published under Cement News

Cementos Argos announced a net income of COP48bn (US$16m) for the second quarter of 2017 as the US and central America/Caribbean helped to mitigate challenging dynamics in its home market of Colombia.  Revenues were down by 1.6 per cent YoY and EBITDA fell by 15.9 per cent YoY to COP367bn. The US was the main contributor to both revenues (54 per cent) and EBITDA (47 per cent). Consolidated cement volumes increased by 17.9 per cent in the second quarter of 2017 to 4.1Mt. “The ...

A fragile but positive outlook

05 December 2016, Published under Cement News

While South America’s cement markets may have been considerably affected by the economic downturn, the Central American countries of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama are hopeful of a better future. Domestic cement producers are looking for an upturn in cement demand, particularly following recent increases in their production capacities. By Rob Roy, ROI Economic Consulting, USA. In Honduras Argos operates the 1.3Mta Piedras Azules integrated...

Trading places

21 December 2015, Published under Cement News

The Caribbean and central America region is a significant trading hub and for some cement producers active in the region it is of considerable strategic importance. In this report ICR provides an overview of major traders, supply-demand volume trends and developments in the region. An overview of Caribbean and Central American trading The Caribbean is by far the most active area in Latin America in terms of cement and clinker trade and distribution. It has more than twice the nu...

Colombia: Argos 3Q15 profits jump 63% YoY

23 November 2015, Published under Cement News

Cementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a 15 per cent rise. For the nine-month period ended September, total cement sales reach 10.7Mt, reflecting an increase of 14 per cent when compared with 9M14. Argos concrete sales, which were particularly successful in the US and Colombia, advanced seven per cent to 9Mm3 in the quarter and five per cent in the first nin...