Cement News tagged under: Central America
CEMEX collaborates on university project in Mexico06 June 2023, Published under Cement NewsCEMEX is collaborating with Tecnológico de Monterrey, one of Latin America’s most prestigious private universities, on distritotec, a 15-year project that seeks to evolve the university’s campus into a more innovative, sustainable and inclusive space. CEMEX has already been involved in several phases of this Mexico-based project, which began in 2014, including providing lower-carbon building materials from its Vertua range of sustainable products and specialty mixes of architectural concre... |
Argos reports record 1Q23 operating EBITDA10 May 2023, Published under Cement NewsArgos recorded an operating EBITDA of US$127m in the 1Q23, the highest achieved in a first quarter in its history and 41.3 per cent higher than in the 1Q22. Regarding consolidated revenues, it earned US$721m, representing a growth of 11.9 per cent compared to the previous year. Net profit closed at US$25m, while the leverage index stood at a level of 3.1 times, with a slight increase compared to December, mainly caused by the accelerated revaluation of the Colombian peso at the end of Ma... |
US and Puerto Rican Portland and blended cement shipments down 3% in February02 May 2023, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico declined by 2.8 per cent YoY to 6.6Mt in February 2023, according to the US Geological Survey (USGS). Of the total blended volume, Portland limestone cement (Type IL) was estimated to have a share of 96 per cent (2.1Mt). The largest states in terms of cement consumption were Texas, Florida, California, Georgia and Arizona – with a combined share of 47.5 per cent of total cement consumption. The lead... |
GCC reports 146% surge in 1Q net income26 April 2023, Published under Cement NewsGCC SAB de CV posted its first-quarter 2023 consolidated sales, which saw a 17.9 per cent YoY increase to US$243.9m. EBITDA in the 1Q23 advanced 15.5 per cent YoY to US$63m. The EBITDA margin of 25.8 per cent, slightly lower than the 26.4 per cent posted in the 1Q22. Net income saw a 146.4 per cent improvement YoY to US$32.4m in the 1Q23, up from US$13.1m in the 1Q22. Enrique Escalante, GCC's CEO, said: "GCC delivered solid results for the first quarter despite significant weather disrup... |
Puerto Rican cement sales see first drop in 4 months17 April 2023, Published under Cement NewsCement sales in Puerto Rico were down 0.6 per cent YoY to 1.5m bags of 94lb, or 63,957t in March 2023, according to the country’s Statistics Institute. It is the first drop in four months. In 2022 sales fell 6.8 per cent YoY, the first decrease since 2019. Production increased 21.1 per cent YoY to 926,400 bags or 39,500t. In 2022 output increased 11.6 per cent YoY to 8.3m bags or 353,893t – the first increase in four years. |
Stable US Portland and blended cement shipments in January12 April 2023, Published under Cement NewsTotal shipments of Portland and blended cement (including imports) in the USA and Puerto Rico in January 2023 remained stable at 6.6Mt in January 2023, according to the US Geological Survey (USGS). Of the total blended cement volume, 2.1Mt or 95 per cent was Portland limestone cement (Type IL). Texas, Florida, California, Georgia and Arizona – the leading cement-consuming states – accounted for 46.7 per cent of the country’s off take. The leading producing states were Texas, Florida, Califor... |
Cemex considers exiting Phillipines03 April 2023, Published under Cement NewsCemex is considering exiting the Philippines as part of its ongoing strategy to focus on markets with higher growth and lower risk. Cemex currently owns 89.86 per cent of Cemex Holdings Philippines (CHP) through Cemex Asian South East Corp (CASEC) and runs two plants, located in Antipolo and Cebu , with a total production capacity of 5.7Mta. According to Bilyonaryo, CHP has struggled to pay the US$280m loan it borrowed to finance the expansion of its Antipolo works in 2017, with the ... |
Canacem-Mexico-FICEM 2030 roadmap launched03 April 2023, Published under Cement NewsAt FICEM Hoja de Ruta 2023, the Canacem-Mexico-FICEM 2030 roadmap “Towards a Low Carbon Economy” was launched by Mexico's national cement chamber, CANACEM, in collaboration with FICEM. The roadmap outlines Mexico's cement industry commitments to climate change mitigation and is aligned with the UN's 2030 Agenda to maintain global warming below 2˚C compared to pre-industrial levels. Six Mexican cement producers ( Cementos y Concretos Moctezuma , Cementos Fortaleza , Cemex , Cemen... |
Cemex releases "Shaping the Future Together" report29 March 2023, Published under Cement NewsCemex has released its 2022 Integrated Report, detailing the company's operational, climate action and other achievements throughout the year. The report, titled "Shaping the Future Together", provides an in-depth analysis of Cemex's strategic vision, corporate governance, value creation, and operational performance. Among the company's ‘Future in Action’ achievements were a record nine per cent reduction in specific carbon emissions over the last two years, reaching a 30 per cent cumul... |
US and Puerto Rican Portland and blended cement shipments see 9% drop in December22 March 2023, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico declined 8.9 per cent YoY to 7.3Mt, according to the US Geological Survey (USGS). A total share of 42.9 per cent of domestic Portland and blended cement consumption in December 2022 was accounted for by the leading consuming states of Texas, Florida, California, Illinois and Georgia.The leading producing states in December were Texas, California, Florida, Missouri and Michigan and these accounted fo... |