Cement News tagged under: Panama

RSS feed

Cemex Panamá to produce low-carbon general-purpose cement

03 May 2021, Published under Cement News

Cemex Panamá announced it will be producing its first low-carbon cement as part of its Cementos Vertua general-purpose cement product range. Cementos Vertua’s CO 2 emissions are up to 40 per cent lower than conventional cements while preserving its technical properties and maintaining the Cemex standards of quality. “We recognise that construction in the future must be balanced with its environmental effects and that these challenges are met by collaborating with our clients and stakeho...

Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%

12 February 2021, Published under Cement News

Cemex Latam Holdings SA reported that the company's consolidated net sales and EBITDA in the 4Q20 fell by three and one per cent, respectively, compared to the 4Q19.  Jesús González, CEO of Cemex Latam Holdings, commented: "I am proud of how the organisation responded to the challenge of the sudden arrival of COVID-19 in our footprint. We reacted quickly and forcefully to a highly uncertain situation, prioritising the safety of our employees and customers while ensuring business con...

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...

Cemex Latam Holdings sales decline 36% in 2Q20

28 July 2020, Published under Cement News

Cemex Latam Holdings, SA announced that in a quarter marked by significant disruption from the COVID-19 pandemic, sales declined by 36 per cent in 2Q20, while EBITDA fell by 32 per cent, in local-currency terms, YoY. Cemex’s consolidated cement volumes declined by 33 per cent during the second quarter YoY. However, volumes recovered significantly in June, doubling the volumes sold during April. Quarterly consolidated prices for cement improved by four per cent YoY and remained stable seque...

Cementos Argos reopening Colombian plants

16 April 2020, Published under Cement News

Cementos Argos announced it will be partially reopening its operations in Colombia to supply the public works that were given the go-ahead by Decree 531 of April 2020. The Rioclaro works in Antioquia as well as a limited number of concrete plants will open, in line with health and safety guidance defined by the authorities, according to Valora Analitik. "The company is ready to scale up its operation in the country once the activity of construction of buildings and the commercialisation of...

Cemex announces temporary closures in Colombia and Panama

27 March 2020, Published under Cement News

Cemex has announced that its Colombian subsidiary will temporarily suspend production from 25 March, following a decree relating to the coronavirus pandemic. Certain activities may resume on or before 13 April, if permitted. In addition, following measures implemented by the authorities in Panama, Cemex will also temporarily stop production and related activities in the country.

Panama’s government halts cement production and distribution

25 March 2020, Published under Cement News

Through its Executive Degree No 506, the Panamanian government has suspended all construction activity, except construction projects provided by the health authority, in the country, reports Panamá América. The measure includes the production, distribution and dispatch of cement, concrete and its derivatives. Quarrying has also been suspended. The new legislation takes effect from 23.59h on Wednesday, 25 March 2020.

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.

New quality regulations due for Panama's cement market

03 December 2019, Published under Cement News

New quality regulations for Panama’s cement market are due to come into effect on 3 December 2019 and are expected to affect cement importers, distributors and sellers, according to La Estrella de Panamá. The new norms establish that all hydraulic cement commercialised in the market, including imported cement, must comply legislation issued by the Ministry of Commerce and Industries in July 2019, which encompasses labelling, storage, testing and chemical content among other specifics.