Cement News tagged under: Nicaragua

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Cemex Latin American Holdings depressed by Colombia

12 February 2018, Published under Cement News

Cemex Latin American Holdings saw turnover decline by 5.5 per cent to US$1315.3m and EBITDA fell by 26.7 per cent to US$310.8m, with the margin coming down from 32.2 to 25 per cent. The trading profit deteriorated by 51.5 per cent to US$151.5m and after a further 0.6 per cent increase in financial expenses to US$63.3m and other items, the pretax profit dropped by 66.2 per cent to US$83.7m. After tax and minorities, the net attributable profit was 67 per cent lower at US$46.1m. The net debt w...

Central American cement trade falls 14% in 9M16

25 April 2017, Published under Cement News

The total value of traded hydraulic cements in Central American countries fell 14 per cent from US$56m to US$48m in the first nine months of 2016, according to CentralAmericaData. Volumes dropped from 0.494Mt in 2015 to 0.426Mt in 2016. In the 9M16 the main exporter of hydraulic cements in Central America was Costa Rica with US$28m, followed by El Salvador (US$12m), Honduras (US$5m), Nicaragua (US$2m) and Guatemala (US$1m). In this period, Nicaragua was the main buyer of interregional...

A fragile but positive outlook

05 December 2016, Published under Cement News

While South America’s cement markets may have been considerably affected by the economic downturn, the Central American countries of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama are hopeful of a better future. Domestic cement producers are looking for an upturn in cement demand, particularly following recent increases in their production capacities. By Rob Roy, ROI Economic Consulting, USA. In Honduras Argos operates the 1.3Mta Piedras Azules integrated...

Cemex inaugurates grinding mill in Nicaragua

28 August 2015, Published under Cement News

Cemex announced today that its subsidiary Cemex Latam Holdings, SA has completed the construction of the first phase of a new cement grinding plant in Ciudad Sandino, Managua. CLH invested approximately US$30m for infrastructure procurement and the installation of the first cement grinding mill, with a capacity of approximately 220,000tpa.. The inauguration ceremony took place yesterday at the new facility and was attended by the President of Nicaragua, Daniel Ortega, and the Chief Executi...

Cemex Latin American Holdings held back by weaker cement sales in Colombia

24 April 2015, Published under Cement News

Cemex Latin American Holdings' turnover declined by 16.3 per cent in first quarter of the year to US$353.8m and EBITDA fell by 20.3 per cent to US$112.4m. At the trading level there was a 23.6 per cent reduction to US$90.2m. After an interest charge 15.6 per cent lower at US$20.6m and other items, the pre-tax profit declined by 23.3 per cent to US$72.3m and the net attributable profit came off by 19.8 per cent to US$43.8m. Net debt at the end of March was 8.8 per cent lower than a year ea...

Mexican and Colombian imports to help meet Nicaragua project

10 October 2014, Published under Cement News

Imports from Mexico and Colombia can ensure the supply of cement for the Gran Canal Interoceanico project in Nicaragua, according to the president of the High Council of Private Enterprise, José Adán Aguerri. He added that steps were being taken to further research supply options in the wider region, including the Caribbean, with the help of the private sector. However, the area faces supply shortages, which are expected to require further capacity building by cement companies. For example...

Colombia boosts Cemex Latin American Holdings

18 July 2014, Published under Cement News

First-half turnover at Cemex Latin American Holdings improved by 6.1 per cent to US$864m while EBITDA declined by 7.5 per cent to US$283.1m. At the trading level there was a 9.5 per cent reduction to US$235.6m. After a net interest charge 19 per cent lower at US$47.6m, the pretax profit emerged 4.8 per cent lower at US$184.2m. The net attributable profit declined by 14.3 per cent to US$121.2m. Net debt at the end of June was 12.3 per cent lower than a year earlier at US$1,237m, giving...

Nicaragua: Cemex builds new grinding plant

06 May 2014, Published under Cement News

Mexico's Cemex has begun construction on a new US$55m cement grinding plant in Nicaragua, the company said in a statement. The new grinding plant will boost cement capacity in Nicaragua by 440,000tpa and help to meet rising cement consumption. The country's cement has been boosted by the need for more housing and infrastructure development. Cemex said the new plant in Ciudad Sandino, on the outskirts of the capital Managua, will eventually include two grinding mills and is expected to be c...

Cemex starts construction of Nicaragua grinding plant

26 November 2013, Published under Cement News

Cemex is expected to start construction on a new grinding and packing unit in Nicaragua. The new plant represents an investment of US$50m and will be implemented in two stages. Carmen Reyes Garcia, president of Nicaragua’s Compañía Nacional Productora de Cemento (CNPC), and Andrés Jiménez Uribe, country director for Cemex Nicaragua, recently signed an agreement by which the government authorises the Mexican company to build and operate the new unit outside CNPC’s cement works in San Rafael...

Holcim Nicaragua continues to invest

01 May 2013, Published under Cement News

Holcim Nicaragua is carrying out various works at its Nagarote grinding plant, representing an investment of US$3m this year. The company is currently expanding its cement dispatch centre and its cement storage capacity in addition to the recent installation of new cement grinding equipment. Holcim Nicaragua is the second-largest player in the Central American country behind Cemex Nicaragua. Holcim's Nagorote grinding plant has a capacity of 0.3Mta.