Cement News tagged under: Guatemala

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Guatemala: Cemento Regional enters the market

14 November 2016, Published under Cement News

Cemento Regional has started operating a plant in Escuintla, Guatemala, which has capacity to produce 8000 bags of cement per day with its new Cemengal Plug&Grind ® Classic grinding plant. Cemento Regional has invested US$12.2m in the construction and commissioning of the 12tph modular grinding plant, which will supply the product to its three stores in the department of Guatemala. "...Cemento Regional will start selling in its branded stores in El Naranjo, Calzada La Paz and on the ...

Guatemala: Fitch affirms Cementos Progreso IDRs, Outlook Stable

25 September 2015, Published under Cement News

Fitch Ratings has affirmed Cementos Progreso SA's (Cempro) Issuer Default Ratings (IDRs) at 'BB+'. The Rating Outlook is Stable. Cempro's 'BB+' ratings reflect the company's leading position in Guatemala's cement industry. Its solid market position is viewed as sustainable considering the country's limited infrastructure and challenging logistics, which limit imports and significantly increase cement distribution costs. Further deterrents include the company's extensive distribution netwo...

Guatemala: protests over new plant

22 September 2014, Published under Cement News

The construction of Guatemala’s newest cement plant for Cementos Progreso has led to disturbances and protests that has resulted in several fatalities and casualties, according to The Associated Press. The main incidents took place at Pajoques, a town about 40km west of the capital, Guatemala City. Local residents supporting the development projects argued with opponents, who say the construction would damage their lands, Interior Minister Mauricio Lopez Bonilla told The Associated Press....

Cementos Progreso to construct new plant, Guatemala

02 September 2013, Published under Cement News

Guatemala’s largest producer, Cementos Progreso, plans to spend US$720m on the construction of a new cement plant, according to local news reports. The greenfield plant will be constructed in the San Gabriel Buena Vista farm in San Juan Sacatepequez and have an installed capacity of 2.3Mta, according to reports by Prensalibre.com. Completion is expected in 2016. Cementos Progreso currently operates two cement plants and accounts for 3Mta of Guatemala’s 3.5Mta total capacity. At the end ...

Cementos Progreso begins building San Gabriel works

22 July 2013, Published under Cement News

Cementos Progreso started construction on its new plant in San Juan Sacatepéquez, 30km of the capital, in northeastern Guatemala. It is expected that construction of the 2.2Mta plant will take three years and is scheduled to come online in 2017. The project includes reforestation programmes. On a 836ha site, the plant covers an area of 64ha with the remainder left as green belt. Moreover, it will also support the municipality’s development plan and will include a 14km link road between t...

Guatemalan residents protest against new local plant

12 July 2013, Published under Cement News

Guatemalan residents are protesting against a factory under planning by Cementos Progreso in San Juan Sacatepéqyuez, some 30km northwest of Guatemala City, according to local press. Members of 12 local communities claim they were not consulted prior to works commencing and that emissions from the plant will affect the local environment. The cement factory will be built in the area to serve construction of a 24km highway known as the "Anillo Regional" that will connect the departments o...

Holcim reduces stake in Siam City Cement, sells minority shareholding in Cementos Progreso

21 December 2012, Published under Cement News

Holcim has announced that it has reduced its stake in Siam City Cement Ltd (SCCC) of Thailand and has sold its minority shareholding in Guatemalan producer Cementos Progreso, contributing CHF375m (EUR310.6m) to the Holcim Leadership Journey programme. SCCC stake reduced Holcim Ltd has reduced its shareholding in SCCC from 36.8 per cent to 27.5 per cent. The shares have been purchased by Bangkok Broadcasting and Television Co, part of the Ratanarak Group, which will increase its shareho...

Talks on new Guatemala-Honduras venture

16 January 2012, Published under Cement News

Honduran President, Porfirio Lobo Sosa has begun talks with representatives from a Guatemalan cement producer on the possible establishment of a cement factory in Honduras. Cementos Progreso, Guatemala’s leading cement producer is said to be interested in investing in the Central America country, La Tribuna (Honduras) reports.  During the meeting, both sides expressed an interest in supporting the project and a visit by the interested parties to Honduras could possibly take place as early...