Cement News tagged under: Central America
Cemex reports double-digit EBITDA growth in FY2111 February 2022, Published under Cement NewsCemex announced strong results for the FY21 with double-digit EBITDA growth, the highest in more than a decade, coupled with a similar increase in sales, driven by higher volumes and robust pricing in all core products in all regions. EBITDA margin increased 0.8 percentage points in the year, despite headwinds in energy and import costs. CO 2 emissions declined 4.4 percentage points, the largest annual decline the company has ever achieved. Net sales increased 14 per cent to US$14... |
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... |
Cemex signs up companies to its Working Smarter digitalisation program10 February 2022, Published under Cement NewsCemex has signed separate multi-year contracts that range from five to seven years totalling US$500m with six leading service providers under its Working Smarter digital transformation initiative. The partners are active in the fields of finance and accounting, information technology, and human resources, replacing current expenditures with the new suppliers’ services at an optimised cost, effectively continuing to reduce the company’s operating expenses. The initiative brings all wo... |
US and Puerto Rican Portland and blended cement shipments up 9% in November07 February 2022, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico saw a 9.2 per cent YoY hike to 9.4Mt in November 2021, according to the US Geological Survey (USGS). Texas, California, Florida, Georgia and Ohio accounted for 39 per cent of this total. The leading producing states were Missouri, Texas, California, Florida and Alabama. Masonry cement shipments saw a 10 per cent increase to 197,000t in November 2021 when compared with November 2020. Florida, Texas... |
Caribbean Cement to launch Vertua-certified cement07 February 2022, Published under Cement NewsCemex -owned Caribbean Cement Co will be launching its newly co-branded Vertua-certified cement to support the reduction in carbon emissions by 40 per cent by 2030. “Vertua is a brand that CEMEX worldwide has selected to put on all the low-carbon cement — it's an umbrella, it's a branding. We have a product that has already qualified as Vertua. Every bag you see out there that carries Carib Cement or Carib Cement plus is a low-carbon product,” said the company’s Managing Director, Yago ... |
Cemex and Cemex ventures invest in clean hydrogen startup03 February 2022, Published under Cement NewsCemex and Cemex Ventures have announced their investment in HiiROC, a clean hydrogen production start-up. HiiROC developed a technology that uses thermal plasma electrolysis to convert biomethane, flare gas, or natural gas into hydrogen at a lower cost than competing solutions and without a CO 2 footprint. Together with HiiROC, Cemex aims to increase its hydrogen injection capacity across its cement operations while reducing the consumption of fossil fuels. HiiROC, a UK-based co... |
Puerto Rico sees 8-year high in cement sales31 January 2022, Published under Cement NewsPuerto Rican cement sales in 2021 reached 15.6m bags, or 679,300t - a high not seen in eight years, according to the country’s Statistics Institute. This represents a 12.5 per cent YoY advance. Total sales were up by 31.7 per cent from 12.4m bags to 16.3m bags. However, output from the country’s cement plants fell 29.5 percent to 7.4m bags. Production has been on the decline in the last three years, reports business newspaper Sin Comillas. |
Caribbean Cement to pay 2% royalty fees to Cemex31 January 2022, Published under Cement NewsFollowing shareholder approval Caribbean CementCo Ltd will pay two per cent royalties to its parent company Cemex from January 2022. The agreed fee is equivalent to two per cent of net sales, half of the cap initially telegraphed to shareholders. Caribbean Cement said in a statement that since 2017, when Cemex assumed majority control of Caribbean Cement, the plant at Rockfort has relied on Cemex's global expertise, including its safety management systems that resulted in the reduction of... |
GCC reports favourable performance in 4Q21 and 202127 January 2022, Published under Cement NewsGCC reported a 10.9 per cent YoY advance in consolidated net sales to US$257.9m in the fourth quarter of 2021. EBITDA remained stable at US$83.1m with an 31.5 per cent EBITDA margin. Total cement volumes in the US grew by 5.1 per cent, but excluding oil well cement, they fell 5.5 per cent when compared with the 4Q20. Consolidated sales were further supported by a rise in US cement and ready-mix prices of 11.8 per cent and three per cent, respectively. In Mexico cement and ready-mix volum... |
Mexico's cement market sees cement prices surge26 January 2022, Published under Cement NewsThe price of grey cement in Mexico increased on average 14.5 per cent per 50kg bag and 20 per cent per tonne of bulk cement in January 2022 when compared with December 2021, according to industry sources and material distributors, reports El Norte. This is significantly above the 2.4 per cent increase between January 2021 and December 2020 as reported by INEGI, the country’s statistics office. In the case of market leader Cemex, the company reported a 14.4 per cent price rise for its bagg... |