Cement News tagged under: Caribbean
Sinoma CBMI Construction wins order for new Domicem production line30 September 2021, Published under Cement NewsSinoma CBMI Construction will construct a new production line for Domicem (Colacem group) in the Dominican Republic. Colacem announced, in March 2021, that it would invest US$120m in its subsidiary Domicem for the construction of a new kiln line at Sabana Grande de Palenque. The project will double the existing cement capacity at the site to approximately 3.8Mta. |
Argos records 1H21 cement shipments of 8.6Mt12 August 2021, Published under Cement NewsArgos recorded cement shipments of 8.6Mt in the 1H21, an increase of 26.9 per cent compared to the 1H20. The advance was supported by the performance of the group in the USA, the Caribbean and Central America, as well as having a low comparison base. Consolidated revenues reached US$1.3bn, up 11 per cent compared to the 1H20. Likewise, EBITDA rose by 29.9 per cent to US$266.7m. EBITDA margin , excluding the profits on the sale of concrete assets, reached a record of 20.3 per cent, the hig... |
Buying House Cement could fill Jamaican cement shortages10 August 2021, Published under Cement NewsJamaica's Government is being asked to consider alternative cement suppliers to Caribbean Cement (Cemex group) becaue of recent shortages on the island, which CemNet first reported in May . For the last 15 years, Montego Bay company Buying House Cement has been importing the product to meet 10 per cent of Jamaica’s cement demand from the Domicem cement plant in the Dominican Republic. Mark Hart, chairman of Cargo Handlers, a publicly-listed company with 30 per cent shares in Buyi... |
Caribbean Cement triples 1H profit02 August 2021, Published under Cement NewsCaribbean Cement’s profit for the first half of 2021 has tripled to JMD3bn (US$19.3m) from JMD1bn in the 1H20, on the back of stronger domestic demand. The company’s revenues increased 32 per cent YoY to JMD12.3bn. The increase in revenues and the improved efficiency in terms of operating cost control have been key in achieving the 1H21 results. |
Caribbean Cement Co 2 years accident free27 July 2021, Published under Cement NewsCemex-owned Caribbean Cement Co Ltd is marking two years free from accidents at its Rockfort plant in Kingston, Jamaica. The milestone was officially reached on 15 July and fell within the company's observation of Health and Safety Week between 12-16 July. "It's a good feeling to know that we can break production records but at the same time keep our people safe, so this is definitely a big achievement. In the last 10 years, we have not been able to accomplish such a feat but now that we... |
Argos reaches 25 years of operation in the Dominican Republic25 June 2021, Published under Cement NewsArgos is celebrating 25 years of operation in the Dominican Republic. "Throughout this time, the company has had the chance to contribute to positively transforming the lives of millions of people by being an ally of its clients in the construction of housing, infrastructure and commerce works, creating quality employment, hiring local labour and executing projects for the benefit of the communities and taking part in multiple alliances with different institutions", the company said in a ... |
Bruks Siwertell wins first Caribbean ship loader order24 June 2021, Published under Cement NewsBruks Siwertell has won a new contract to deliver a Siwertell screw-type ship loader for the totally enclosed, dust-free handling of cement and clinker. It will serve a new cement plant being built in the Caribbean and will provide a unique solution for a complex set of dry bulk material handling requirements. The type-1B ship loader will deliver cement and clinker handling at a continuous rated capacity of 600tph, with a peak loading rate of 750tph, for vessels up to 20,000dwt. It w... |
Caribbean Cement looks to capitalise on growing demand26 March 2021, Published under Cement NewsJamaica’s Caribbean Cement Co is looking to maximise its production capacity as it prepares to satisfy the increase in domestic demand, according to the Jamaica Observer. "Our current capacity is increasing every year — last year we were able to produce close to 1Mt of cement and this year we are going to exceed that as our plant has a capacity of 1.4Mta," said Yago Castro, general manager. He also noted that preparations were being made to capitalise on an additional 25-30 per cent of pr... |
Cemex Dominicana plans to recommission kiln line09 March 2021, Published under Cement NewsCemex announced that it expected to recommission one of its product lines at the San Pedro de Macoris plant in the Dominican Republic. This would imply an increase of 33 per cent in the company’s cement supply in the country and would help serve the growth in the Caribbean construction sector. By reactivating the Line No 1 at the San Pedro de Macoris plant, Cemex will add more than 500,000tpa of cement. The restart is scheduled for 1Q21 and is part of the Cemex Dominicana growth plant to ... |
Caribbean Cement reports 13% increase in revenue03 March 2021, Published under Cement NewsJamaica's Caribbean Cement Co has reported a 13 per cent YoY increase in revenue to JMD20.1bn (US$132.94m) in 2020. The rise in revenue has been attributed to stronger domestic demand. The company also saw earnings before taxation of JMD4.4bn, up JMD2.7bn on that achieved in 2019. "We continue to operate in an environment of significant uncertainty. Our strategy will focus to effectively manage the variables under our control, providing to our customers an excellent service and high-qualit... |