Cement News tagged under: Dominican Republic

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Cemex signs agreement for Dominican Republic home construction

09 October 2012, Published under Cement News

Cemex in the Dominican Republic and the Venezuelan business group BAK have signed an agreement to build a 760-home residential project which will integrate residential, commercial, social, recreational, and educational uses. The homes will be priced as low as US$48,000. The Colinas del Viento housing project will be located in northern Santo Domingo and comprise 760 units, 124 of which will be ready by next year. This innovative urbanization project has “Welcome Home” as its slogan, and i...

Dominican Republic cement prices rise

20 July 2012, Published under Cement News

The president of the Dominican Republic’s housing builders and developers grouped in Acoprovi expressed surprise at the rising price for a bag of cement charged by some producers, Dominican Today reports. Fermin Acosta’s reaction comes just days after the price of a bag of cement increased by 30 pesos. "We weren’t expecting an increase, on the contrary, considering that there’s been lower prices for a barrel of oil in international markets for several weeks, leaves us with no reasonable cau...

Dominican Republic consumption declines 8% in 2011

20 April 2012, Published under Cement News

Domestic consumption in the Dominican Republic fell eight per cent in 2011 compared to 2010, as the Caribbean island continues to feel the impact of the global economic downturn. According to Dominican Republic cement association, Adocem, local consumption stood at 2.8Mt in 2011 compared to 3.05Mt the year before with the decline attributed to the ongoing effects of the global economic crisis. "The biggest increase in cement sales are made to the Dominican private sector,” according to O...

Cements Argos: positive outlook after strong 2011 results

27 February 2012, Published under Cement News

Cementos Argos, Colombia's largest cement producer, achieved more than COP3.6bn (US$2bn) in consolidated revenues for FY2011, representing YoY growth of 21% in peso terms as it reported strong performances in its Colombian and Caribbean divisions. In the US, results were still affected by the challenging conditions although the company sees interesting recovery prospects ahead. According to latest figures from Cements Argos, EBITDA for the year increased by 26% in peso terms to COP682m (U...