Cement News tagged under: Central America
HC Trading Americas opens Miami office and appoints General Director of Trading18 October 2021, Published under Cement NewsHC Trading Americas, LLC has a new office in Miami HC Trading Americas, LLC has recently started its operations in Miami, USA. From this location, North, Central and South America are served for all cement, solid fuels and associated raw materials. Andrew Preston joined the company as of 27 September 2021 as General Director of Trading for Americas and he leads the team in the new office in the Coral Gables area. In his position, Andrew reports directly to Dr ... |
US market sees modest contraction14 October 2021, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico reached 9.6Mta, down 2.3 per cent YoY, in July 2021, according to the US Geological Survey. The leading markets wereTexas, California, Florida, Ohio and Illinois, with their offtake accounting for 37 per cent of July shipments. Leading producers were Missouri, Texas, California, Florida and Michigan. Combined they produced 39 per cent of total cement output in the US. Masonry cement shipments declin... |
WT to import 50,000t of cement into Jamaica13 October 2021, Published under Cement NewsJamaica’s Ministry of Industry, Investment and Commerce has granted an import licence to WT Ltd, which trades under the name of Growth Tech Special Projects. The licence enables WT to import 50,000t of OPC in several shipments from Turkey. WT Ltd is a company founded by Garth Walker, Ryan Reid and Neil Lawrence in 2017. It aims to be the island’s third cement importer. Cement is currently imported by Cemex-owned Caribbean Cement Co and The Buying House Cement Ltd. |
Cemex seeks to offset inflationary pressures with price hikes08 October 2021, Published under Cement NewsFernando A Gonzalez, CEO, opened yesterday's Cemex Day - Part II event with a look at some of the surprises of the last year. Not only has Cemex seen a 'V-shaped' recovery since the pandemic, it has also reported remarkable growth with EBITDA advancing in the 1H21 by 20.7 per cent YoY. However, inflation has become the main challenge going forward, particularly due to price rise for marine transportation and fuel, which the company has responded to with a robust pricing strategy and the post... |
SBTi validates Cemex's 2030 global emission targets06 October 2021, Published under Cement NewsThe Science Based Targets Initiative (SBTi) has validated Cemex’s 2030 global emissions targets. Cemex’s targets are in accordance with the Paris Agreement, citing global warming to well below 2˚C and pursuing efforts to limit warming to 1.5˚C. Cemex has a net greenhouse gas emissions (GHG) reduction target of 40 per cent by 2030 compared to its 1990 base line. Under scope 1, this means a reduction in direct GHG emissions of 20 per cent per tonne of cementitious materials by 2030 fr... |
Cemex plans Guatemalan expansion17 September 2021, Published under Cement NewsCemex will increase its cement capacity in Guatemala by early 2023 with a new grinding mill at the Arizona facility in the port of San José. The new mill will increase cement capacity from 0.4Mta to 0.9Mta and will cost approximately US$25m. Cemex plans to produce low-carbon cements with the extra capacity. "This investment reinforces Cemex’s commitment to Guatemala’s development and reflects our confidence in the favourable outlook of the economy in the country and the region," said J... |
Puerto Rican cement sales drop 10%14 September 2021, Published under Cement NewsCement sales in Puerto Rico decreased 9.6 per cent YoY to 51,165t (or 1.26m bags), the third-consecutive YoY fall, according to the Bank of Economic Development (BDE). Cement sales had been increasing since May 2020 following the end of lockdown, peaking at 1.6m in June 2020, which represented the highest sales since 2012. By the end of the year, sales had advanced 2.8 per cent when compared with 2019. |
US and Puerto Rican Portland and blended cement market remains stable in June08 September 2021, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico remained stable at 10.1Mt in June 2021, according to the US Geological Survey (USGS). Texas, California, Florida, Ohio and Illinois – the leading cement-consuming states – accounted for 37 per cent of the US market. Output of Portland and blended cement in June 2021 was the highest in Missouri, California, Texas, Florida and Tennessee, which accounted for a combined share of 40 per cent of domesti... |
Cemex launches its Sustainability-Linked Financing Framework08 September 2021, Published under Cement NewsCemex has launched its most comprehensive 'Sustainability-Linked Financing Framework' to date. The framework further aligns Cemex's sustainability commitments to its financing strategy, as part of its Future in Action programme. Cemex's guiding principles for new sustainability-linked financing instruments, including public bonds, private placements, loans, derivatives, working capital solutions and other financing instruments are set out in the framework. "Climate change is one of the... |
Salvadoran cement prices up 4% in August03 September 2021, Published under Cement NewsCement prices in El Salvador have increased four per cent YoY to US$7.87/42.5kg bag in August 2021 from US$7.57/bag, delivered ex-works. Retail prices rose by 3.6 per cent YoY to US$8.68/bag from US$8.38/bag over the same period. |