Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%
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 Gonzá...
Costa Rica
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Cemex Latam Holdings records net sales decline of 8% in 3Q20
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...
Central America’s resilience Premium
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...
Cemex Latam Holdings sales decline 36% in 2Q20
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 ...
Legislative Assembly approves Costa Rican cement tax
In the first debate, Costa Rica’s Legislative Assembly has approved a bill that seeks a five per cent tax on the sale of all cement. The initiative establishes that the tax will...
Costa Rica's Legislative Assembly calls for standardised cement tax
Members of Costa Rica’s Legislative Assembly have called for the government to standardise municipal taxes on both local cement manufacturers and importers. In this case, a new ...
Costa Rica to introduce 5% cement tax
All Costa Rican cement, whether produced within the country or imported, will produce a communal tax of five per cent, according to a bill that seeks to eliminate a distortion i...
New tax bill proposed for cement sales in Costa Rican province
Oscar Cascante, a deputy of Costa Rica’s PUSC party, is reportedly pushing for legislation that will see a five per cent sales tax on Cementos Fortaleza, a relatively new player...
Pura vida in Costa Rica Premium
“Pura vida” means “pure life”, but for Costa Ricans it is more than the country’s catchy slogan to say everything is cool. It is their relaxed way of life, where everything runs...
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 ...