Cement News tagged under: Central America
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... |
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... |