Guatemala: Fitch affirms Cementos Progreso IDRs, Outlook Stable
Fitch Ratings has affirmed Cementos Progreso SA's (Cempro) Issuer Default Ratings (IDRs) at 'BB+'. The Rating Outlook is Stable. Cempro's 'BB+' ratings reflect the company's...
Central America
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Argos reports solid start to the year
Argos reported a solid first-quarter results, with a double-digit rise in cement volumes and price recovery in both Colombia and the US. Consolidated revenues in the first ...
Cementos Argos readies itself for 'vibrant' US market growth
With US demand recovery on a roll, Cementos Argos is readying itself for 'vibrant' growth in the years ahead with the group having consolidated its presence in nine strategic s...
Honduras: cement price up HNL10.35 in past year
A 42.5kg bag of cement in Honduras has seen its price rise by HNL10.35 (US$0.48) in the past 12 months as the ex-works price was dollarised. In February 2014, the Ministry o...
A bumpy recovery
While Central America offers a healthy potential for infrastructure development and housing construction, limited economic growth and investment are expected to hinder a corres...
Ancap notes record loss for 2013
Uruguay’s Ancap closed 2013 with a record loss of US$150m. The company attributed the result partly to developments in the exchange rate, which impacted the cement producer si...
Cemex increases first-quarter volumes
Cemex' first-quarter turnover increased by 8.2 per cent to US$3590.7m, while the EBITDA improved by 2.7 per cent to US$535m. The trading profit rose by 11.7 per cent to US$267....
Honduran authorities to monitor cement prices
The Secretariat of Economic Development in Honduras announced it will be monitoring cement prices to protect consumers in San Pedro Sula, northern Honduras. Miguel Angel Bon...
Honduras cement prices up for discussion
The Honduras Ministry of Industry and Commerce, the Commission for the Defense and Promotion of Competition and the country’s cement companies will meet Thursday to discuss cha...
Argos: positive developments across the board
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...