Cement News tagged under: Costa Rica

RSS feed

Holcim buys 51% stake in Costa Rican RMC producer

01 September 2021, Published under Cement News

Holcim Costa Rica has announced its acquisition of a 51 per cent stake in ready-mix concrete producer Concretera Nacional, Costa Rica. The step will make Holcim one of the largest building material and construction companies in the Central American country. Concretera Nacional, established in 2004, has three plants – Pavas, Alajuela and Cinco Esquinas –  in the greater San José area. However, the transaction had been delayed due to concerns that it would create an unfair monopoly in the d...

Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%

12 February 2021, Published under Cement News

Cemex Latam Holdings SA reported that the company's consolidated net sales and EBITDA in the 4Q20 fell by three and one per cent, respectively, compared to the 4Q19.  Jesús González, CEO of Cemex Latam Holdings, commented: "I am proud of how the organisation responded to the challenge of the sudden arrival of COVID-19 in our footprint. We reacted quickly and forcefully to a highly uncertain situation, prioritising the safety of our employees and customers while ensuring business con...

Cemex Latam Holdings records net sales decline of 8% in 3Q20

29 October 2020, Published under Cement News

Cemex Latam Holdings announced that its consolidated net sales declined by eight per cent in 3Q20 and EBITDA improved by 19 per cent compared to 3Q19. A controlling interest net loss of US$109m was recorded during the 3Q20. Operating EBITDA in Colombia reached US$28m, 59 per cent higher on a like-to-like basis compared to 3Q19. Net sales rose by one per cent to US$115m on a like-to-like basis compared to 3Q19. In Panama operating EBITDA reached US$1m up 54 per cent compared with 3Q19. ...

Central America’s resilience

17 August 2020, Published under Cement News

The markets of Honduras, Panama, Guatemala, Belize, El Salvador, Nicaragua and Costa Rica will have to show fresh resilience in the resultant aftermath of COVID-19. Dependent on tourism and overseas remittances, central government funds will have been hit hard and economic recovery may be a protracted struggle. While Guatemala is home to Central America’s largest cement production base, accounting for 5.8Mta of capacity, it has seen imports rise in recent years like elsewhere in th...

Cemex Latam Holdings sales decline 36% in 2Q20

28 July 2020, Published under Cement News

Cemex Latam Holdings, SA announced that in a quarter marked by significant disruption from the COVID-19 pandemic, sales declined by 36 per cent in 2Q20, while EBITDA fell by 32 per cent, in local-currency terms, YoY. Cemex’s consolidated cement volumes declined by 33 per cent during the second quarter YoY. However, volumes recovered significantly in June, doubling the volumes sold during April. Quarterly consolidated prices for cement improved by four per cent YoY and remained stable seque...

Legislative Assembly approves Costa Rican cement tax

24 February 2020, Published under Cement News

In the first debate, Costa Rica’s Legislative Assembly has approved a bill that seeks a five per cent tax on the sale of all cement. The initiative establishes that the tax will be on all bulk and bagged cement that is destined for consumption or marketing at the national level, according to the Legislative Assembly. If produced domestically, the manufacturer of the product will be liable to the tax. However, in the case of imports, the natural or legal person who introduces the produc...

Costa Rica's Legislative Assembly calls for standardised cement tax

07 January 2020, Published under Cement News

Members of Costa Rica’s Legislative Assembly have called for the government to standardise municipal taxes on both local cement manufacturers and importers. In this case, a new five per cent tax would be imposed on all locally-produced and imported cement. Whereas, at present taxes are only applied on companies operating in San José, Cartago and Guanacaste.

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...