Dominican Republic market contracts 13% in 4M20
Cement sales in the Dominican Republic declined 13 per cent to US$120m in the January-April 2020 period when compared with June 2019. In addition, Dominican cement producers als...
Caribbean
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Argos records revenues of COP2.2trn in 1Q20
In the first three months of 2020, Argos (Grupo Argos) reported revenues of COP2.2trn (US$5.6bn), a figure that remains stable when compared to 2019. EBITDA, including the effec...
Caribbean Cement resumes exports to Cuba
Caribbean Cement Co Ltd increased its export sales threefold YoY in 2019, including markets such as Guantánamo Bay, Cuba. While CCCL’s 2019 annual report did not name Guantánamo...
Dominican Republic exports US$72.3m of cement in 2018
The Dominican Republic exported Portland cement to the value of US$72.3m in 2018, according to the country’s Director of General Direction of Mining, Alexander Medina Herasme. T...
Argos opens packaging plant in Dominica
Argos, a cement company of Grupo Argos, has opened a new packing plant on the island of Dominica in the Caribbean to allow a more reliable and timely supply of cement. The plant...
Argos' consolidated revenues rise 14% in 1Q19
In the first three months of 2019, Argos reported revenues of US$693.8m, an increase of 14 per cent on 1Q18. Operating EBITDA reached US$99.39m, 3.7 per cent higher, while net p...
CCJ rules in favour of reducing tax on imported hydraulic cement
The Caribbean Court of Justice (CCJ) has ruled that the regional tax, known as the Common External Tariff (CET), payable on cement categorised as ‘other hydraulic cement’ should...
Trinidad Cement seeks higher taxes on Rock Hard Cement imports
Trinidad Cement Ltd (TCL) has written to the Caribbean Court of Justice to seek higher taxes to be imposed on Rock Hard Cement imports, according to the Nation. TCL wants the fi...
Cementos Argos
In 2018 Cementos Argos shipped 16Mt of cement and 10.3Mm 3 of concrete. This generated net income of COP291bn (US$93m) and EBITDA of COP1.54trn. The company ended the year with ...
Cementos Argos dispatched 16Mt of cement in 2018
Cementos Argos has released its financial figures and strategic milestones of 2018 during the shareholders' annual meeting. Cementos Argos reported a consolidated EBITDA of COP1...