Cement News tagged under: Caribbean
Record production at Caribbean Cement in 202011 January 2021, Published under Cement NewsCaribbean Cement Company (TCL/Cemex group) says it reached a new record in 2020 by manufacturing more than 940,000t of cement in response to market demand in Jamaica. "The market responded opposite to what might have been expected given the pandemic. Instead of slowing down, construction grew, and we kept in step with our customers by meeting their demand consistently. We will continue to ramp up production as the market grows," said Yago Castro, general manager of Caribbean Cement Ltd ... |
Rock Hard Cement to temporarily close operations04 January 2021, Published under Cement NewsRock Hard Cement, a Trinidad-based cement importer, is expected to close its operations for one month from Monday. The company has attributed the closure to the Ministry of Trade and Industry’s new policy which went into effect on 1 January. The policy introduced a quota, import licensing regime and registration system for grey and other types of hydraulic cement. The system is expected to last for a three-year period and implement a maximum quota of 75,000t of imports for all contractors... |
Caribbean Cement agrees three-year labour agreement14 December 2020, Published under Cement NewsThe Union of Clerical Administrative and Supervisory Employees (UCASE) and the management of Caribbean Cement Co Ltd have reached agreement on a three-year collective labour agreement, covering the company’s unionised production workers at its Rockfort cement plant in Kingston, Jamaica. The agreement was reached following several meetings between the company and the union at the local level and covers the period 1 July 2018 to 30 June 2021. The deal will provide an 18 per cent increase... |
Cementos Argos' EBITDA grows 10% in 3Q2013 November 2020, Published under Cement NewsArgos (Grupo Argos) delivered satisfactory results during the third quarter, amid the COVID-19 pandemic. The company reported an improvement in EBITDA despite the impact on volumes mainly caused by hurricanes and heavy rains in the USA. During the period, consolidated shipments of cement and concrete registered a decrease of 8.4 per cent and 19.5 per cent, respectively, and of 12.7 per cent and 16.5 per cent compared to 3Q19. This decline was offset thanks to the successful execution of ... |
Trinidad Cement appoints new CEO10 November 2020, Published under Cement NewsTrinidad Cement Ltd (TCL) has appointed Francisco Aguilera Mendoza as its new CEO, effective from 1 December 2020. Mr Mendoza, who was appointed to the board in 2014, currently serves as deputy chairman and will also continue in that role. The new CEO is also the vice president of Trading Americas and Group Shipping for Cemex and is thereby responsible for the trading of cement and clinker in the Americas, including in the Caribbean. Seijo Gonzalez, CEO of TCL since May 2015, is expect... |
Caribbean Cement sees sales increase 11% in 9M2028 October 2020, Published under Cement NewsJamaica’s Caribbean Cement has seen its sales rise 11.1 per cent YoY to JMD15bn (US$102.8m) in the 9M20, compared to JMD13.5bn in the year-ago period. The company’s gross profit of JMD7bn from the first nine months of this year equates to what the company made in the full-year 2019 period, according to the Jamaica Gleaner. In the third quarter of 2020, the company saw profits reach JMD1.2bn from JMD5.8bn of revenue. This compares to the JMD77m profit in the 3Q19 from sales of JMD4.4bn. ... |
Argos achieves revenues of COP2.1trn in 2Q2006 August 2020, Published under Cement NewsFrom April to June 2020, Argos, part of Grupo Argos, reported revenues of COP2.1trn (US$553.5m), which represents a contraction of 9.1 per cent compared to the same quarter of last year. These figures were caused in part by lower volumes associated with lockdowns and the mandatory closings of operations in many markets. Argos partially offset the decrease in volumes thanks to the resilience of the construction industry in the USA and the exchange rate of the Colombian peso, which continued... |
Cemex sales decline by 10% in 2Q2028 July 2020, Published under Cement NewsCemex 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 lockdown measures. The decline in quarterly consolidated net sales was due to lower volumes for the company's three core products in almost all regions. The USA was the one exception with cement volumes growing six per cent. Net operating earnings before other expenses decreased 17 per cent to US$279m on a like-for-li... |
Dominican Republic market contracts 13% in 4M2022 July 2020, Published under Cement NewsCement sales in the Dominican Republic declined 13 per cent to US$120m in the January-April 2020 period when compared with June 2019. In addition, Dominican cement producers also reported a 20 per cent YoY fall in exports, which reached 227,639t of cement. Their output during the period decreased 24 per cent YoY to 1.36Mt. Adriano Brunetti, president of the country’s cement association Adocem, said: "... 'The most difficult thing was the total stoppage of construction without an opening b... |
Argos records revenues of COP2.2trn in 1Q2006 May 2020, Published under Cement NewsIn the first three months of 2020, Argos (Grupo Argos) reported revenues of COP2.2trn (US$5.6bn), a figure that remains stable when compared to 2019. EBITDA, including the effect of IFRS16, was COP343bn, decreasing one per cent when compared to the same quarter of the previous year. During the period, the total volume of cement dispatched reached 3.6Mt, down 6.1 per cent, and ready-mix volumes fell 10.7 per cent to 2.1Mm 3 . "In general, the results were impacted mainly because of the clo... |