Cement News tagged under: Costa Rica

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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...

Plycem vows to increase competitiveness in Costa Rican market

02 October 2017, Published under Cement News

Plycem, a new company owned by Mexican billionaire Carlos Slim, will fight for a place in Costa Rica's cement market from the first quarter of 2018. The Mexco-based company will operate in Salinas Esparza, Puntarenas, with an investment of US$17m in an area of 50,000M². The project will create at least 200 jobs. Óscar Fonseca, Plycem Central America CEO, explained that the main objective of the company is to produce cement for self-consumption and, secondly, for marketing. The directors sa...

Carlos Slim enters Costa Rican cement market

14 September 2017, Published under Cement News

Cementos Fortaleza, owned by Carlos Slim, will commence operations in a few weeks in alliance with Plycem, which is also part of the Elementia group owned by Carlos Slim and Mexican entrepreneur Antonio del Valle Ruiz. The joint venture is scheduled to inaugurate a cement plant in Barranca, Puntarenas, at the end of September, according to the Federal College of Engineers and Architects (CFIA). The new player will compete with the already-established cement producers, Cemex and Lafarg...

Cement imports surge in Costa Rica

16 August 2017, Published under Cement News

The import of cement into Costa Rica has skyrocketed in the past two years, according to El Financiero Costa Rica. In 2014 the Latin American country imported 10,418t of cement but in 2016 this figure had increased more than tenfold to 107,294t. The steep rise has been particularly noted since 2015, when the Ministry of Economy, Industry and Commerce (MEIC) changed the regulations regarding hydraulic cements, changing storage conditions and the flexibility of the marketing period. ...