Cement News tagged under: Costa Rica

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Costa Rica to introduce 5% cement tax

03 October 2019, Published under Cement News

All Costa Rican cement, whether produced within the country or imported, will produce a communal tax of five per cent, according to a bill that seeks to eliminate a distortion in the market. The tax is currently only applied to companies that produce cement in Guanacaste, Cartago and San José. This puts the product of two of the country’s three cement companies at a disadvantage when compared with with imported cement. The bill to bring the new tax is supported by President Carlos Alvarad...

New tax bill proposed for cement sales in Costa Rican province

16 July 2019, Published under Cement News

Oscar Cascante, a deputy of Costa Rica’s PUSC party, is reportedly pushing for legislation that will see a five per cent sales tax on Cementos Fortaleza, a relatively new player in the country’s cement production sector. The company inaugurated its plant in Esparza, Puntarenas province, 10 months ago. Current legislation states that cement firms must pay five per cent tax on the price of every sale if they carry out production in Guanacaste, Cartago or San José. The taxes are then used by...

Pura vida in Costa Rica

20 May 2019, Published under Cement News

“Pura vida” means “pure life”, but for Costa Ricans it is more than the country’s catchy slogan to say everything is cool. It is their relaxed way of life, where everything runs smoothly and with a positive focus. This way of life was also reflected in Elementia’s choice of a Gebr Pfeiffer ready2grind system for its new Salinas Esparza plant. By Chris Oesch, Gebr Pfeiffer Inc, USA. Clinker storage and mill feeding area of Gebr Pfeiffer’s ready2grind system at Elementia’s Salinas Es...

China accounts for 15% of Central American cement imports

07 January 2019, Published under Cement News

In the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala at US$18m. Smaller volumes were imported by El Salvador (US$12m), Honduras (US$7m), Panama (US$6m) and Costa Rica (US$5m), according to CentralAmericaData. YoY the volume of cement imports in the region advanced by two per cent from US$75.6m to US$77.1m in the 6M18 when compared with the year-ago period. Around 15...

Concrete blocks from recycled plastic gains cement producers' attention

14 December 2018, Published under Cement News

The Center for Regenerative Design & Collaboration (CRDC) in Costa Rica has started making construction blocks from a combination of recycled plastic and limestone. The Ecoblock is made from shredded waste that has been shredded after being collected from local rivers in Costa Rica. The finished product is a resin-limestone hybrid which are 2.5.-5 per cent plastic waste and 7-16 per cent waste plastic by volume. The CRDC can produce four million blocks per month which can be used in low-c...

Cemex Costa Rica receives Wildlife Habitat Council Conservation Certificate

06 September 2018, Published under Cement News

The Wildlife Habitat Council has awarded Cemex Costa Rica with the Conservation Certificate for the company’s support to the El Paso Monkey Biological Corridor. The project quantified the forest reserves at the quarries of the Colorado plant and obtained an inventory of tree species to identify the most suitable species for the reforestation of a 2ha area. In addition, the cement producer helped to set up a forest brigade and made an agreement with he National System of Conservation A...

Cemento Fortaleza starts operations in Costa Rica

20 August 2018, Published under Cement News

Plycem-owned Cemento Fortaleza will move from being a distributor of cement in Costa Rica to a local producer. The company recently commissioned a new cement plant in Esparza, Puntarenas. The US$17m project includes German production technology and was built on a 50,000m 3 plot. The new plant will directly and indirectly employ more than 200 people.

Cemex Latin American Holdings hurt by lower volumes in Colombia and Panama

27 April 2018, Published under Cement News

Cemex Latin American Holdings' turnover declined by 8.4 per cent in first quarter of the year to US$301.1m, while EBITDA came off by 28.8 per cent to US$65.9m. At the trading level there was a 36 2. per cent profit reduction to US$44.1m. After an 11.4 per cent decline in the interest charge to US$14.8m and other items, the pretax profit showed a 15.9 per cent reduction to US$48.2m and the net attributable profit emerged 15.3 per cent lower at US$30m.  Net debt at the end of March was 3.4 ...

Costa Rica considers imposing 5% cement tax on net sale price

09 March 2018, Published under Cement News

The Costa Rican Legislative Assembly is to discuss proposing a five per cent tax on imported and locally-produced cement. The bill establishes that "… the tax on cement produced within the national territory or imported, will be of five per cent (5%) on the net sale price, both in the case of the national producer at the level of the production plant and for the importer at the level of the dispatch or storage site, excluding the corresponding sales or value-added tax, as well as any other...

Cemex Latin American Holdings depressed by Colombia

12 February 2018, Published under Cement News

Cemex Latin American Holdings saw turnover decline by 5.5 per cent to US$1315.3m and EBITDA fell by 26.7 per cent to US$310.8m, with the margin coming down from 32.2 to 25 per cent. The trading profit deteriorated by 51.5 per cent to US$151.5m and after a further 0.6 per cent increase in financial expenses to US$63.3m and other items, the pretax profit dropped by 66.2 per cent to US$83.7m. After tax and minorities, the net attributable profit was 67 per cent lower at US$46.1m. The net debt w...