Cement News tagged under: Central America
US cement demand up 7% in June08 September 2022, Published under Cement NewsPortland and blended cement consumption in the USA and Puerto Rico increased seven per cent to 10.8Mt in June 2022, according to the US Geological Survey (USGS). A total of 36.7 per cent of demand originated from the top five cement-consuming states: Texas, California, Florida, Ohio and Illinois. Missouri, Texas, California, Florida and Michigan were the largest cement-producing states, accounting for 39.3 per cent of cement produced. US and Puerto Rican masonry cement shipments totalled 0.... |
Cruz Azul will see power supply restored05 September 2022, Published under Cement NewsCruz Azul and Mexico’s Federal Electricity Commission have reached an agreement and the state power supplier must reconnect power to the cement plant in Tula, Hidalgo state, by 12.45h on Wednesday, 7 September, according to Federco Sarabia Pozo, president of Cruz Azul. The plant’s power supply was suspended 20 days ago as the cement companies had more than MXN300m in economic losses. Before the interruption to its power supply the plant worked at a 30 per cent capacity utilisation rate, re... |
CEMEX closes the sale of its Costa Rican operations02 September 2022, Published under Cement NewsThrough certain subsidiaries, CEMEX has successfully closed the previously informed sale of its operations in Costa Rica and El Salvador to Cementos Progreso Holdings SL , for an approximate amount of US$329m, as per the terms of the transactional documents. The transaction, which was closed in line with the terms that had been disclosed on 29 December 2021, is an important step in meeting the goal of optimising the company’s global asset base through asset divestments under CEMEX’s st... |
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... |
Cement sales in Puerto Rico decline 16% in July26 August 2022, Published under Cement NewsPuerto Rican cement sales fell 15.7 per cent YoY in July 2022 to 1.12m bags of 42.6kg, or 47,712t, according to the country’s Institute of Statistics. The drop represents the largest fall in the past seven months. Sales were down 2.9 per cent when compared with July 2019. Cement production increased 21.3 per cent YoY in July 2022 to 739,000 bags, or 31,481t. While this represents the fourth consecutive month of advance, in the last three years output from domestic cement plants has decline... |
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... |
US and Puerto Rican cement shipments increase in May08 August 2022, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico increased six per cent YoY to 9.7Mt in May 2022, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Illinois and Ohio. They received 39 per cent of May shipments. The top five cement-producing states were Texas, California, Missouri, Florida and Michigan, which accounted for 39 per cent of cement production in May 2022. Masonry cement deliveries totalled... |
Zacua Ventures to receive CEMEX and CEMEX Ventures' investment05 August 2022, Published under Cement NewsCEMEX and CEMEX Ventures are investing in a global early-stage venture fund, Zacua Ventures, which aims to tackle the construction industry’s biggest challenges in sustainability, productivity and urbanisation. "As pioneers in the construction industry's transformation, we are happy to be part of this investment vehicle to seek innovative solutions that help boost productivity, sustainability, and urbanisation,” said Gonzalo Galindo, head of CEMEX Ventures. “The collaboration and syn... |
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. |
CEMEX orders 200 low-carbon trucks04 August 2022, Published under Cement NewsCEMEX has added nearly 200 lower-carbon natural gas-powered trucks as part of a comprehensive strategy seeking to decarbonise its global fleet. This initiative is part of the company’s flagship Future in Action programme to become a net-zero CO 2 company by 2050. The investment in these 200 new vehicles consist mostly of concrete mixer trucks powered by low emission compressed natural gas (CNG) or renewable natural gas (RNG). These trucks will have a carbon footprint that is approximatel... |