Colombia: Argos 3Q15 profits jump 63% YoY
Cementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a ...
Central America
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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 lea...
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 quart...
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 st...
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.
A bumpy recovery Premium
While Central America offers a healthy potential for infrastructure development and housing construction, limited economic growth and investment are expected to hinder a corresp...
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
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$267.7m.
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.
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 chan...