Cement News tagged under: Central America
Holcim El Salvador awards solar park contract10 December 2021, Published under Cement NewsHolcim El Salvador awarded the contract for the construction of a solar park to AES El Salvador. The solar power facility would be built at its El Ronco cement plant in Metapan in the second half of 2022. As part of the US$19m investment AES would be responsible for the installation of 39,200 solar panels as well as the operation of the photovoltaic park for 15 years. The facility is expected to generate 17MW of renewable energy, accounting for 21 per cent of the energy required for cement... |
Cuban cement industry expected to recover in 202208 December 2021, Published under Cement NewsCuba’s cement industry is forecast to show significant signs of recovery in 2022 with a production of 1.4Mt of cement, according to the country’s Construction Minister, Réné Mesa Villafaña. “It [cement] will continue to be produced at the José Mercerón factory in Santiago de Cuba, transporting clinker produced at Cienfuegos by cabotage. If the Siguaney kiln in Sancti Spíritus remains stable – as we have foreseen – we will then transfer a discrete amount of clinker from the Perla del Sur un... |
Honduran cement prices frozen until end of 202108 December 2021, Published under Cement NewsThe price of a cement bag in Honduras will remain the same until 31 December 2021, according to the country’s Secretary of Economic Development (SDE), the Honduran Council of Private Enterprise (COHEP) and the Honduran Chamber of Industry and Construction (CHICO). The head of the SDE, María Antonia Rivera, said that "the most important thing is to maintain the stabilisation of the price that was applied on November 30, which will be maintained for 30 days and we are going to create the wor... |
Fire at Cruz Azul’s Tula operations29 November 2021, Published under Cement NewsA fire broke out at Cruz Azul’s facility in Tula de Allende, Mexico, on Sunday morning. The flames were reportedly located at the company’s limestone conveyor belt. The fire was extinguished within two hours, but around 500m of the belt has been damaged. Operations are not expected to affected, while repair work will last between 15-20 days. |
Cement demand continues climb in El Salvador in July26 November 2021, Published under Cement NewsApparent cement consumption in El Salvador increased 45.9 per cent YoY to 180,611t (4249.67 bags) from 123,779t (2912.45 bags) in July 2020, according to Casalco. In the January-July 2021 period apparent demand saw a 57.3 per cent increase to 1,100,926t (25,904.15 bags) from 699,989t (16,470.33 bags) in the 7M20. In October 2021 the ex-works price remained stable MoM at US$8.09 per 42.5kg bag. Retail prices edged up further to US$8.82/bag in October, representing a YoY rise of five per... |
Salvadoran cement market expands 60% in 6M2125 November 2021, Published under Cement NewsApparent cement consumption in El Salvador surged by 59.7 per cent to 920,315t (21,654.48 bags) in January-June 2021 from 576,210t (13,557.88 bags) in the equivalent period of 2020, according to Casalco. In June alone, 102,413t (2409.71 bags) were sold on the domestic market, representing a 24.4 per cent increase when compared with June 2020 sales of 82,345t (1937.54 bags). Cement prices in El Salvador rose 6.9 per cent YoY from US$7.87 per 42.5kg bag to US$8.09/bag, ex-works – including V... |
Holcim and Cemex among founding members of First Movers Coalition05 November 2021, Published under Cement NewsHolcim and Cemex are among the companies that have joined the First Movers Coalition (FMC) as founding members at COP26 to drive green demand and carbon technologies to advance climate goals. The initiative aims to accelerate innovation and the development of early-stage decarbonisation technologies by leveraging their combined purchasing power. The coalition will work across the eight key hard-to-abate industries of cement, steel, aluminium, chemicals, shipping aviation and trucking, a... |
Cemex reports net sales of US$3.8bn in 3Q2129 October 2021, Published under Cement NewsCemex reports consolidated net sales of US$3.8bn in the 3Q21, a rise of eight per cent versus the 3Q20. EBITDA fell by one per cent to US$740m, due mainly to supply chain disruption and a sudden rise in energy and transportation costs. Consolidated cement and aggregate sales volume grew by one per cent while ready-mix grew by three per cent and urbanisation solutions grew by 16 per cent in the 3Q21. Net debt for the company declined by US$248m versus the 2Q21 and the leverage ratio dr... |
Cementarnica Usje posts 8% revenue increase29 October 2021, Published under Cement NewsNorth Macedonia’s Cementarnica Usje has announced a seven per cent YoY fall in net profit to MKD1.1bn (US$20.7m) in the first nine months of 2021. Operating revenue advanced eight per cent to nearly MKD4bn in the 9M21. Domestic sales increased five per cent to MKD2.5bn, while sales on foreign markets rose 21 per cent to MKD1.4bn. The company’s operating expenses were up 19 per cent YoY MKD2.8bn in the January-September period. |
GCC reports 12% rise in 3Q21 net sales27 October 2021, Published under Cement NewsMexico’s GCC has announced consolidated net sales of US$315.4m in the third quarter of 2021, up 12.2 per cent YoY on US$281.1m in the 3Q20. EBITDA also advanced 10.2 per cent to US$110.1m from US$99.9m, while its EBITDA margin saw a modest decline to 34.9 per cent from 35.5 per cent. “We are pleased with the results delivered despite supply chain and energy cost challenges. GCC is on track to meet our full-year guidance, assuming favorable weather conditions continue,” said Enrique Escal... |