Cement News tagged under: Central America
A bumpy recovery02 July 2014, Published under Cement NewsWhile Central America offers a healthy potential for infrastructure development and housing construction, limited economic growth and investment are expected to hinder a corresponding rise in cement demand going forward. In addition, the rapid build-up of capacity has resulted in lower utilisation rates across the region. By Rob Roy, ROI Economic Consulting, USA. Panama (pictured) is the fastest-growing cement market in Central America, followed by Guatemala Central America has ... |
Ancap notes record loss for 201312 May 2014, Published under Cement NewsUruguay’s Ancap closed 2013 with a record loss of US$150m. The company attributed the result partly to developments in the exchange rate, which impacted the cement producer significantly as it borrows in US dollars. However, Ancap has been able to pay the US$513m debt with PDVSA, allowing it to reduce its dollar position and limiting the 2013 loss. CEO, José Coya, said the company will design a “stabilisation programme.” In 2012, Ancap registered a loss of US$14m while in 2011, this ... |
Cemex increases first-quarter volumes01 May 2014, Published under Cement NewsCemex' first-quarter turnover increased by 8.2 per cent to US$3590.7m, while the EBITDA improved by 2.7 per cent to US$535m. The trading profit rose by 11.7 per cent to US$267.7m. The net interest charge increased by 10.4 per cent to US$406.9m, to give a pre-tax loss 11.3 per cent higher at US$167.9m. The effective net debt was 0.9 per cent higher at US$16,325m, of which 88 per cent was in US dollar, 10 per cent in euro and two per cent in Mexican peso, with 66 per cent of the debt being ... |
Honduran authorities to monitor cement prices17 March 2014, Published under Cement NewsThe Secretariat of Economic Development in Honduras announced it will be monitoring cement prices to protect consumers in San Pedro Sula, northern Honduras. Miguel Angel Bonilla of the Consumer Protection Directorate said that apart from monitoring costs of basic products, the performance of the construction industry would also be reviewed. "We have turned the relevant instructions for our team to monitor cement prices, in order to prevent providers from acting to the detriment of con... |
Honduras cement prices up for discussion06 March 2014, Published under Cement NewsThe Honduras Ministry of Industry and Commerce, the Commission for the Defense and Promotion of Competition and the country’s cement companies will meet Thursday to discuss changes to the price of cement. At present the price of a bag of cement is frozen at HNL160 (US$8.21). A decision is expected by 10 February as the following day the resolution holding the price at HNL160 expires. "We will have another meeting with the cement companies and probably next Monday we will be issuing a fina... |
Argos: positive developments across the board25 February 2014, Published under Cement NewsArgos, closed 2013 with a strong rise in EBITDA on the back of positive contributions from all its regional divisions. Other highlights for the year were the inclusion of Argos on the Dow Jones Sustainability Index, successful issuance of preferred shares in Colombia and abroad, and new acquisitions to close a successful year for Argos. “2013 was a year that completely transformed this company. The successful issuance of preferred shares significantly helped us implement our expansion stra... |