Cement News tagged under: Guatemala

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CEMEX to buy clean energy from Acciona for Spanish operations

25 July 2022, Published under Cement News

CEMEX will purchase clean energy from energy supplier Acciona to power its cement operations in Spain, according to the cement company. The purchase agreement ensures supply of green energy to cover 30 per cent of the cement producer’s requirements in Spain. "This agreement shows our commitment to our clean energy transition, adding to the success of similar agreements in other geographies," said Sergio Menéndez, president of CEMEX Europe, Middle East, Africa and Asia. CEMEX also sees it...

Cemex to sell Costa Rica and El Salvador operations to Cementos Progreso

30 December 2021, Published under Cement News

Mexico-based Cemex has signed an agreement for the sale of its operations in Costa Rica and El Salvador with Guatemala’s Cementos Progeso Holdings, for the amount of US$335m, to be completed in the first quarter of 2022. The assets up for sale include an integrated cement plant, a grinding station, seven concrete plants, an aggregates quarry and a distribution centre in Costa Rica as well as a distribution centre in El Salvador. The disposal of the operations are in line with Cemex’s str...

Cementos Progreso to increase its regional presence

30 November 2021, Published under Cement News

Guatemala-based Cementos Progreso (CEMPRO) is seeking to increase its participation in the regional market. Following the investment made at its San Gabriel plant in San Juan Sacatepéquez, the Guatemalan company is exploring various investment areas in Central America, according to a company spokesperson. It recently entered the Belize and Panama markets and strengthened its participation in Honduras where they hold a leading position. The firm also has presence in Colombia (South America). ...

Cemex plans Guatemalan expansion

17 September 2021, Published under Cement News

Cemex will increase its cement capacity in Guatemala by early 2023 with a new grinding mill at the Arizona facility in the port of San José. The new mill will increase cement capacity from 0.4Mta to 0.9Mta and will cost approximately US$25m. Cemex plans to produce low-carbon cements with the extra capacity. "This investment reinforces Cemex’s commitment to Guatemala’s development and reflects our confidence in the favourable outlook of the economy in the country and the region," said J...

Cemex plans expansion of Puerto de San José plant

26 March 2021, Published under Cement News

Cemex SA plans to invest close to US$16m in the expansion of its cement plant in Puerto de San José, department of Escuintla, Guatemala. Cemex Guatemala has submitted the environmental impact study (EIA) to the Ministry of Environment to develop the  project called "Arizona plant capacity expansion". The project will be developed on a section of land within the company's facilities, which has a 1633m 2  occupancy area, a construction area of 1325m 2  and a land area of 51,764m 2 , represe...

Peru cement prices among lowest in Latin America

05 January 2021, Published under Cement News

Capeco, the Peruvian construction chamber, reported that the average retail price for grey cement in Peru is around US$6.22 per 42.5kg bag – one of the lowest in Latin America. The highest price is paid in Argentina, where a bag of cement costs on average US$12.34, followed by Nicaragua, Uruguay, Guatemala and Paraguay, where a bag of cement costs around US$10. In Brazil, prices are the lowest at US$5.03/bag, according Capeco. In Chile a bag of cement retails at US$7.65 while in Colombia a...

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...

Cementos Progreso acquires Cemento Interoceánico

17 January 2020, Published under Cement News

Guatemala’s Cementos Progreso has acquired a 100 per cent stake in Cemento Interoceanico SA, a Panama-based producer. Fabrega, Molino & Mulino acted as a legal adviser to Cementos Progreso, while Morgan & Morgan represented Cemento Interoceanico, according to Market Line.

Cemento Progreso acquires Cemento Interoceánico

20 November 2019, Published under Cement News

Guatemala-based Cemento Progreso has bought a 100 per cent stake in Panamanian cement producer Cemento Interoceánico, according to Panamá América. In an internal communication to its staff, Cemento Interoceánico informed its personnel that labour conditions would remain the same and there would be no change of leadership.