Cement News tagged under: Honduras

RSS feed

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...


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...

Lafarge sells Honduras operations to Cementos Argos

03 September 2013, Published under Cement News

Lafarge announced the sale of its cement operations in Honduras to Cementos Argos for a total enterprise value of EUR435m, the France-based cement major announced in a statement today. This enterprise value represents a 2012 EBITDA multiple of 8.6. Lafarge owns 53.3 per cent of the Honduran subsidiary, Lafarge Cementos SA de CV. The assets sold comprise an integrated cement plant with a capacity of 1Mta and a grinding station with a 0.3Mta capacity. The transaction is subject to releva...

Lafarge: July '12

03 August 2012, Published under Cement News

Lafarge's 1H turnover increased by an underlying 4.9 per cent to €7614m and the EBITDA rose by 7.8 per cent to €1523m, while the trading profit increased by 14.7 per cent to €1022m. A lower €46m gain was taken on the sale of emission permits in the period. The net attributable profit, after charging restructuring costs and writing €200m off the assets in Greece, tumbled 95 per cent to €13m. Net debt at the end of June was 12 per cent lower at €12,550m and the gearing increased slightly from...

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...