Cement News tagged under: Caribbean
Cementos Argos reports 13% rise in 3Q net income15 November 2018, Published under Cement NewsCementos Argos revenues edged up 1.1 per cent to COP2218bn (US$692.6m) in the third quarter of 2018 from COP2194bn in the 3Q17. In terms of sales volumes, the company increased its cement sales by 2.2 per cent to 4.242Mt and ready-mix concrete (RMC) volumes by 1.3 per cent to 2.699Mm 3 in the quarter, reflecting improved dynamics in all regions. The company's EBITDA increased 4.3 per cent YoY to COP425bn from COP407bn in the year-ago period while the EBITDA margin improved to 19.2 per cen... |
Cementos Argos sees falling volumes18 May 2018, Published under Cement NewsCementos Argos released its 1Q18 results this week , announcing revenues of COP1.9trn (US$670m), but cement sales fell by 4.1 per cent to 3.7Mt and ready-mix volumes by 7.5 per cent to 2.4Mm 3 . ICR reviews the state of Cementos Argos' regional markets and guidance going forward. The outlook for the cement and ready-mix market for the rest of the year remains positive, mainly boosted by the residential segment, which is expected to continue gaining momentum, supported by the solid fundam... |
Argos consolidated EBITDA jumps 31% in 1Q1814 May 2018, Published under Cement NewsArgos has announced revenues of COP1.9trn (US$670m) and a net profit of COP54.bn in the first three months of 2018. EBITDA increased 31 per cent YoY to COP371bn. However, cement sales fell by 4.1 per cent to 3.7Mt while concrete sales volumes fell 7.5 per cent to 2.4Mm 3 . The lower volumes have been attributed mainly to the winter season that affects some US states to a greater extent as well as a large number of holidays in Colombia and the Caribbean. Demand from the housing segment was ... |
Caribbean Cement seeks quarry extension approvals14 March 2018, Published under Cement NewsCaribbean Cement Company Ltd (CCCL) plans to extend the Halberstadt Gypsum Quarry from 2ha to 6.7ha and establish a limestone quarry at Harbour Head spanning 50 acres. The Jamaican quarries are roughly 8.5km apart and are operated through subsidiary Jamaica Gypsum & Quarries Ltd, but will need approval from the National Environment & Planning Agency (NEPA). "Supplies at the gypsum quarry in Halberstadt and the limestone quarry in Harbour Head are at a critical level and as such additional... |
Cementos Argos sees revenues rise, but Colombia challenges income13 February 2018, Published under Cement NewsArgos reported an improvement in its revenues for 4Q17 with stable sales for the full-year 2017. While EBITDA results fell both for 4Q17 and 2017, adjustment for non-recurring severance payments and anticipated pensions took out some of the sting as adjusted EBITDA margins for 4Q17 and 2017 reached 17.8 and 17.3 per cent, respectively. However, positive dynamics in the USA and the Caribbean and Central America regions could not fully offset a more challenging home market in Colombia and the ... |
SMT Shipping begins Cymbidium cement shipments13 February 2018, Published under Cement NewsSMT Shipping, a specialist in cement carriers, self-loading and self-discharging bulkers, and transshipment vessels, has begun operating its new 7800dwt self-discharging bulker named "Cymbidium". The Cymbidium was delivered by the Royal Bodewes group in early January for trade in the Caribbean region. The ship loaded her first cargo in Aalborg, Denmark, but is destined for deployment serving the construction industry in the Caribbean, under a joint initiative thought to involve the shipown... |
Caribbean Cement consolidated profit hits JMD2bn31 October 2017, Published under Cement NewsCaribbean Cement group reported YtD consolidated profit before tax of JMD2.01bn (US$15.86m) over nine months compared to JMD1.26bn last year, reports Loop Jamaica. The two-thirds jump was attributed to a JMD437m write-down of overstocked items identified in 2016 and JMD407m incurred during the implementation of restructuring programmes last year. In the reporting quarter, the group announced a profit before tax of JMD847m compared to a loss before tax of JMD27m in the correspondi... |
Cemex leads the Caribbean21 August 2017, Published under Cement NewsWith varying levels of economic growth across the region and reliant on overseas investment and trade with the UK and USA, these are uncertain times for the Caribbean. As a new player emerges in the regional cement market and prices fall, existing producers such as Cemex and Argos are strengthening their hand. The Dominican Republic is the hub of Caribbean cement production with over 7Mta of capacity Economic activity in the Caribbean eased in 2016 with growth dropping to 3.43 ... |
Argos sees challenges at home14 August 2017, Published under Cement NewsCementos Argos announced a net income of COP48bn (US$16m) for the second quarter of 2017 as the US and central America/Caribbean helped to mitigate challenging dynamics in its home market of Colombia. Revenues were down by 1.6 per cent YoY and EBITDA fell by 15.9 per cent YoY to COP367bn. The US was the main contributor to both revenues (54 per cent) and EBITDA (47 per cent). Consolidated cement volumes increased by 17.9 per cent in the second quarter of 2017 to 4.1Mt. “The ... |
Caribbean Cement Co to refinance operating lease14 July 2017, Published under Cement NewsCaribbean Cement Co plans to refinance the operating lease for its Rockfort plant in Kingston, the Jamaica Gleaner reports. The company is to set up a dedicated advisory board to address its operating lease, payable to immediate parent company Trinidad Cement Ltd. "The structure of the lease is not the most efficient and might have made sense five years ago when Caribbean Cement had no possibility to finance its assets," said Caribbean Cement General Manager, Peter Donkersloot Ponce, at... |