Cement News tagged under: Caribbean
Caribbean sees rapid expansion for cement with construction growth16 September 2022, Published under Cement NewsThis week CEMEX announced that it has restarted its 0.5Mta kiln line at its San Pedro de Macoris plant in the Dominican Republic as part of its US$34m upgrade. While this plant will see further improvements in waste-derived fuels, additives and hydrogen technology, ICR assesses what other developments are happening in the Caribbean sector. The mood of the Dominican Republic is best captured by ADOCEM, the cement association representing six producers in the country. Julissa Béaez, Adocem ... |
CEMEX restarts line in Dominican Republic12 September 2022, Published under Cement NewsCEMEX has restarted the 0.5Mta Line 1 at its San Pedro de Macorís plant in the Dominican Republic. The US$34m upgrade project began in 2021 and forms part of the company’s expansion plans to help support local cement demand in the country. The next stage of the expansion plans includes increasing production and dispatch capacity, as well as augmenting the use of waste-derived fuels, state-of-the-art additives, and expanding the pioneering use of hydrogen as a catalyst in its two produ... |
Cemex plans 30% expansion at Caribbean Cement Co26 August 2022, Published under Cement NewsCEMEX plans to expand the production capacity at its subsidiary in Jamaica, Caribbean Cement Co Ltd (CCCL). This expansion aims for an up to 30 per cent increase CCCL’s cement capacity, through an investment of approximately US$40m for the first phase of the project. The announcement was made by CEMEX’s CEO, Fernando A González, during his visit to Jamaica, jointly with the Prime Minister of Jamaica, Andrew Holness, relevant officials of the Jamaican government and key representati... |
CEMEX to install hydrogen technology at San Pedro De Macoris plant25 August 2022, Published under Cement NewsCEMEX is implementing hydrogen technology at its San Pedro De Macoris cement plant in the Dominican Republic. Fernando A González, CEO of CEMEX, was at the project's inauguration, which is part of the company's Future in Action programme that seeks to achieve carbon neutrality by 2050. "Through projects like this, we reiterate our commitment to leveraging innovation to meet our ambitious sustainability and CO 2 reduction goals," said Mr González. "Hydrogen is a key technology for our... |
Argos generates revenue of COP2.9trn in 2Q2211 August 2022, Published under Cement NewsArgos, ( Grupo Argos ) recorded revenues and strong demand for cement and ready-mix, mainly in the United States and Colombia, as well as stable operating results in an environment of high-cost inflation helped by its strategy, the flexibility of its fuel matrix and the partial hedging of fuel prices. From April to June 2022 (2Q22), the cement company generated revenues for COP2.9trn (US$670m), 15.3 per cent higher compared to the same months of the previous year. Also, it obtained an adj... |
Caribbean Cement reports drop in 2Q profit05 August 2022, Published under Cement NewsJamaica-based Caribbean Cement posted operating profit of US$28.2m in the 1H22, representing a two per cent drop YoY from US$28.8m. Net profit also slipped by two per cent YoY to US$19.7m, despite a 10 per cent increase YoY in sales to US$85.5m in the 2Q22. The drop in earnings was attributed to increased operational expenses during a downturn in the global economy. |
Inflationary pressures impact Argos results in the 1Q2211 May 2022, Published under Cement NewsArgos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly due to higher inflationary pressures that impacted costs associated with raw materials, energy, freight, and operational maintenance. The company highlights the very good price performance in all regions, which is expected to mitigate the impact of inflation on costs going forward. Cement volumes remained stable a... |
Bedeschi increases Domicem's reclaiming capacity06 May 2022, Published under Cement NewsBedeschi has been awarded the complete revamping project to be managed by Domicem ( Colacem group ) for the limestone reclaiming system located at the San Cristobal plant, Dominican Republic. The original stacking and reclaiming equipment, installed by Bedeschi in 2004, allows clay and limestone handling at the plant. The revamping of the machine will improve the limestone reclaiming system, increasing its capacity from 200 to 360tph, the capacity needed to feed the new production line... |
Caribbean Cement posts flat 1Q profit06 May 2022, Published under Cement NewsCaribbean Cement Co Ltd in Jamaica has reported a flat profit for its 1Q22 but views the future with optimism. In the January-March 2022 quarter, Caribbean Cement saw a profit of JMD1.59bn (US$10.3m) on a revenue of JMD6.8bn, compared to a profit of JMD1.53bn on JMD5.97bn a year earlier. "CCC remains encouraged about the future, especially given the recent actions by the Government of Jamaica to remove curfews and fully reopen the economy. The company is also heartened by the strong ceme... |
Dominican cement production sees 23% advance in 202111 February 2022, Published under Cement NewsIn 2021 cement producers in the Dominican Republic manufactured 6.5Mt of cement, supplying a construction industry that saw 23.4 per cent growth as the country started its recovery from the COVID-19 pandemic. Domestic cement consumption saw a 26 per cent surge in 2021, reaching 5.5Mt. When compared with 2020, when output reached 5.17Mt, this represents an expansion of production of 25.7 per cent YoY, according to data from Adocem, the country’s cement association. “Although the industry re... |