Cement sales in Puerto Rico up 2% in May
Puerto Rican cement sales increased 2.1 per cent YoY to 52,824t – the first increase since October and the highest level in seven months, according to the country’s Statistics ...
Central America
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Cemex announces plans for US$1bn bond issue
Cemex has announced plans to issue US$1bn worth of bonds, with a 7.375 per cent coupon and a maturity date of June 2027. The issue is expected to be used to support ongoing bus...
Caribbean Cement forecasts 10-20% sales decline in 2020
Jamaica-based Caribbean Cement expects its annual sales to drop 10-20 per cent this year, due to the effects of the COVID-19 pandemic. "The forecast we are seeing is a 10 to...
Dominican cement demand up 7% in 2019
The Dominican cement market expanded 7.2 per cent YoY to 4.7Mt in 2019. Consumption in 2018 reached 4.3Mta, according to the country’s cement association, Adocem. Output by D...
Cemex announces organisational changes
Cemex has made several immediate appointment changes and changes at senior positions in the company. Jose Antonio Gonzalez, Cemex's current executive vice president of finance...
Puerto Rican cement sales decline 61% in April
Sales of cement in Puerto Rico fell 55.1 and 60.6 per cent in March and April 2020, respectively, according to the country’s Instituto de Estadísticas. In March 2020 526,500 ...
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 ef...
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 wit...
China accounts for 15% of Central American cement imports
In the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala...
FLSmdith's Central America contracts are now effective
FLSmidth has announced that the greenfield and brownfield contracts for plants in Central America are now effective, with the company receiving the agreed down payment. The two...