Cement News tagged under: Honduras

RSS feed

Honduras: cement price up HNL10.35 in past year

24 March 2015, Published under Cement News

A 42.5kg bag of cement in Honduras has seen its price rise by HNL10.35 (US$0.48) in the past 12 months as the ex-works price was dollarised. In February 2014, the Ministry of Economic Development (SDE) and cement companies agreed to set the price at US$7.60/bag. From February 2014 to March 2015 the price rose from HNL157.10 to HNL167.45/bag. However, regional variations exist. In the capital Tegucigalpa, a bag costs HNL178-180 while in Nacaome and San Lorenzo cement retails at HNL190/...

Honduran cement price to hold

16 January 2015, Published under Cement News

Following a suggestion by Silvio Larios, general manager of the Honduran Chamber of the Construction Industry (Chico), to revise the price of cement, representatives of the cement industry announced that the price of a bag of grey cement will not fall. The manager of Cementos del Norte, Juan Carlos Sikaffy, said most cement producers use coal in the firing of their kilns and not fuel oil. "In the international market these fuels have not dropped in price (coal), because the oil war is am...

Honduras: Chico calls for lower cement prices

14 January 2015, Published under Cement News

The Honduran Chamber of the Construction Industry (Chico) has requested cement producers to revise the price of bagged grey cement. Cement companies have maintained the price of HNL168.50 (US$8.02) per 42.5kg in Tegucigalpa with variations from one location to another on the back of transport costs. The monthly economic activity index (IMAE) released by the Central Bank of Honduras reports that construction shrank by eight per cent in October 2014 when compared with a contraction of 4.8 p...

Five Star Mining to invest US$200m in Honduras

14 May 2014, Published under Cement News

Five Star Mining (FSM) intends to invest US$200m over three years in the Honduran cement and mining industry, according to the country’s Subsecretariat of Environment and Mining. The company has been granted a mining concession and is currently undertaking a feasibility study to establish a cement company. FSM is currently active in the country via iron oxide extraction at Monte Redondo, Agalteca. At present, cement demand in the Central American country exceeds 1.5Mta, but is expecte...

Honduran authorities to monitor cement prices

17 March 2014, Published under Cement News

The Secretariat of Economic Development in Honduras announced it will be monitoring cement prices to protect consumers in San Pedro Sula, northern Honduras. Miguel Angel Bonilla of the Consumer Protection Directorate said that apart from monitoring costs of basic products, the performance of the construction industry would also be reviewed. "We have turned the relevant instructions for our team to monitor cement prices, in order to prevent providers from acting to the detriment of con...

Argos increases cement price in Honduras

07 March 2014, Published under Cement News

Argos Honduras will increase the price of its cement as of Tuesday, 11 March after it received government authorisation to raise prices by HNL8/bag. A 42.5kg bag of Piedra Azul cement will cost HNL168. The company had sought a price hike of eight per cent or HNL11. "We have been meeting with executives from Argos, after more than a month and a half of analysis costs we believe that the company has had significant increases in the structure of its business operations and is able to reque...

Honduras cement prices up for discussion

06 March 2014, Published under Cement News

The Honduras Ministry of Industry and Commerce, the Commission for the Defense and Promotion of Competition and the country’s cement companies will meet Thursday to discuss changes to the price of cement. At present the price of a bag of cement is frozen at HNL160 (US$8.21). A decision is expected by 10 February as the following day the resolution holding the price at HNL160 expires. "We will have another meeting with the cement companies and probably next Monday we will be issuing a fina...

Argos: positive developments across the board

25 February 2014, Published under Cement News

Argos, closed 2013 with a strong rise in EBITDA on the back of positive contributions from all its regional divisions. Other highlights for the year were the inclusion of Argos on the Dow Jones Sustainability Index, successful issuance of preferred shares in Colombia and abroad, and new acquisitions to close a successful year for Argos. “2013 was a year that completely transformed this company. The successful issuance of preferred shares significantly helped us implement our expansion stra...

Honduras government freezes cement price for further 30 days

11 February 2014, Published under Cement News

Following an agreement with local cement companies, the Honduran government resolved to continue freezing cement prices at HNL160 (US$8.07)/bag. On 11 January, the country’s executive power decided to maintain cement prices for a month, due to the strong hikes applied by cement companies and DIY shops. “We are going to extend the price of cement at HNL160 for a further month and during this period of 30 days we will have a dialogue with Argos, to work out its price structure,” said Al...

Lafarge

03 October 2013, Published under Cement News

Lafarge has agreed the sale of its 53.3 per cent stake in its Honduras subsidiary Lafarge Cementos SA de CV to Cementos Argos for €232m, subject to the necessary official approvals. This represents an historic EBITDA multiple of 8.6. The company's assets include one integrated cement works with a capacity of 1Mta and an additional grinding centre with a 0.3Mta capacity. Lafarge Cement Zimbabwe saw first-half turnover decline by 6.1 per cent to US$32.2m and the EBITDA was off by 3.8 per ce...