Cement News tagged under: Central America
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... |
Fitch Ratings upgrades Argos from stable to positive19 January 2022, Published under Cement NewsArgos, a Grupo Argos cement company, received an upgrade in its credit rating outlook, going from 'Stable' to 'Positive' according to Fitch Ratings, an international credit rating agency. The positive outlook granted by Fitch Ratings reflects the good performance of Cementos Argos and the expectation that the generation of operating cash flows will continue with a growth trend, a trend that has been benefited by the operational efficiency strategies that the company has launched. Amon... |
Domicem wins Energy Award for solar power plant18 January 2022, Published under Cement NewsThe Domicem cement plant (Colacem group) has received the award of excellence in the Energy Rinnovabili category, for the project "Improvement in solar park control systems", in the 202 the National Award for Clean Productions, awarded by the Ministry of Environment and Natural Resources in collaboration with other institutions of the Dominican Republic. The 1.5MW solar power plant was built on an area of 16,889m 2 and consists of 4616 photovoltaic panels of 325Wp. The solar park ann... |
Holcim Costa Rica wins Positive Packaging Certification14 January 2022, Published under Cement NewsAs part of its efforts aimed at operating as a responsible company with the environment and with people, Holcim Costa Rica became the first subsidiary of Holcim in the world to obtain the Positive Packaging distinction, by recovering 14,000t of paper from various classes to co-process them as energy and compensate for the 1500t emitted in their packaging. "Costa Rica is a benchmark in sustainability, globally recognised for its policies in favour of the environment and society. We are ... |
Honduran price hike cancelled13 January 2022, Published under Cement NewsThe HNL10 (US$0.41) increase in the price of cement in Honduras, effective from 1 January 2022, has been cancelled following an agreement between private firms committee, Cohep, construction companies, cement firms and the Honduran government. ANDI, CHICO, Cementos del Norte, Cementos Wang Peng and Ultracem agreed to maintain the price of cement to its pre-2022 level. |