Cement News tagged under: Dominican Republic
Argos sees higher volumes in 1H1323 July 2013, Published under Cement NewsCementos Argos has reported a rise in cement volumes for the six months to the end of June 2013 and expects activity in its domestic market of Colombia to accelerate after a slow start in the first three months. In the 1H13, Argos reported consolidated EBITDA of COP476bn (US$253m), representing an increase of 25 per cent compared to the same period in 2012, while revenues rose nine per cent YoY. During the period cement dispatches increased by one per cent to 5.5Mt while concrete volumes ... |
Dominican Republic inaugurates new plant18 July 2013, Published under Cement NewsPresident Danilo Medina of the Dominican Republic has officially inaugurated Cementos Panam's (PANAM) US$80m cement plant in San Pedro. PANAM executive Manuel Estrella said the facility will create 800 direct and 2400 indirect jobs, and help boost sales for region’s goods and services. The plant utilises state-of-the-art equipment to ensure that it complies with environmental standards. |
Dominican Republic cement association names new president20 June 2013, Published under Cement NewsThe Dominican cement producers association, Adocem, has appointed Carlos González, as president for 2013-14. Mr González is also president of Cemex in the country. "We must always remember that the cement industry has had a highly successful development and has corresponded with the goals of the progress of the country, thanks to the vision of great local entrepreneurs and foreign investors who, through their efforts and commitment to Dominican Republic, our country can now have one of the ... |
Cemex invests in wastewater treatment, Dominican Republic03 January 2013, Published under Cement NewsCemex will invest DOP80m (US$2m) in a wastewater treatment plant for its San Pedro de Macorís cement works in the Dominican Republic as well as a continuous emissions monitoring system for its kiln stack. "Our challenge is to seek the prosperity of the business in the long term, minimising impacts and maximising the value generated for our people, our communities, neighbours, business partners and the environment," said Mercedes Pantaleón, environmental manager of the company. Cemex rep... |
Adocem reports fall in domestic demand19 November 2012, Published under Cement NewsThe Dominican cement association Adocem reports that this year to date has seen a decline in cement consumption. In the first 10 months of the year, cement demand in the Dominican Republic totalled 2.2Mt, down 8.2% when compared with the equivalent period in 2011. It forecasts a full-year figure of 2.6Mt. The contraction is attributed to several factors, including lower activity in the construction industry, which was down 0.4% in the first half of 2012, according to the Central Bank. ... |
Cemex signs agreement for Dominican Republic home construction09 October 2012, Published under Cement NewsCemex 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 rise20 July 2012, Published under Cement NewsThe 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 201120 April 2012, Published under Cement NewsDomestic 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 results27 February 2012, Published under Cement NewsCementos 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... |