Cemex sales decline by 10% in 2Q20
Cemex reported significant disruption from COVID-19 in 2Q20. Sales declined by 10 per cent YoY and EBITDA fell by six per cent to US$554m. These decreases were attributed to lo...
South America
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Holcim Argentina appoints new commercial director
Holcim Argentina has named Victor Mariaca as new commercial director. Mr Mariaca held previously commercial positions within Holcim, including regional commercial manager. He...
Argos delivers masks and biosafety kits
Argos has been delivering 23,000 face masks to construction and hardware customers throughout Colombia as well as biosafety kits to business customers. The biosafety kits cons...
Peruvian cement market expands in June
While cement demand in Peru rebounded in June 2020 to 678,000t when compared with 298,000t sold in May 2020, it remained 26.1 per cent below demand reported in June 2019 as the...
Brazilian cement demand up 24% in June
Cement sales in Brazil rose 24.2 per cent YoY in June 2020. Domestic offtake reached 5.2Mt in June, according to the country’s cement association, SNIC. In the first half of 20...
Peru's cement demand to recover in 2H
Scotiabank forecasts a recovery in Peruvian cement consumption with 3Q demand expected to be close to 2Mt, double the demand reported in 2Q. "We estimate that domestic cement...
Bolivian cement demand falls 34% in 4M20
Cement consumption in Bolivia has declined 34.2 per cent YoY in the 4M20 as a result of the quarantine imposed due to the COVID-19 pandemic, according to the Bolivian statistic...
Argos makes top 5 in FTSE4Good World Index for corporate governance in construction sector
Argos has been chosen as one of the top five companies in the world in the construction materials sector with the best corporate governance, environmental and social management...
Work on Potosí to resume
Construction work on the new state-owned Potosí cement works in Bolivia will resume in July, according to House of Representatives member Gonzalo Barrientos. "In July, the wo...
Paraguay’s INC ensures cement supply for public works
Paraguay’s Industria Nacional de Cemento (INC) is guaranteeing the supply of cement to public works during the COVID-19 health emergency, reports the official news agency, Agen...