Cement News tagged under: Central America
Cooperativa la Cruz Azul starts construction on a new cement plant05 August 2024, Published under Cement NewsMexico-based Cooperativa la Cruz Azul has presented plans for the construction of a new industrial unit to manufacture cement in the municipality of Seybaplaya, southwest of the capital of Campeche. The company is hoping to reduce its environmental impact by building the cement plant on land previously used to manufacture lime and cement. The plant will be equipped with new technology to meet high standards of sustainability. Construction began on 1 August 2024, with the first stage ex... |
Cemex installs renewable energy at Alrewas site01 August 2024, Published under Cement NewsCemex has installed an innovative renewable energy project at its Alrewas ready-mixed concrete plant in Staffordshire, UK. The system, which uses a 90kWh battery along with solar panels, is expected to save 200t of CO 2 . According to Cemex, the new facility at Alrewas opened in 2023 without mains electricity, which means the site, until recently, has been exclusively powered by diesel generators. Keen to reduce CO 2 and the plant’s reliance on fossil fuels, once the renewable units we... |
Caribbean Cement reports gains in 1H2401 August 2024, Published under Cement NewsJamaica-based Caribbean Cement Co Ltd (CCCL) has announced unaudited revenue of JMD7666m (US$49m) in the quarter ended 30 June 2024. This compares to JMD7475m in the same period a year earlier. Gross profit advanced from JMD3679m in the June 2023 quarter to JMD3885m in the June 2024 quarter while consolidated net income over the same time frame improved from JMD2156m to JMD2350m. Basic earnings per share, meanwhile, increased from JMD2.53 to JMD2.76 over the same period. Over the six m... |
Cemex reports highest EBITDA margin in eight years26 July 2024, Published under Cement NewsCemex has reported strong 2Q24 results with a two per cent increase in EBITDA, while the EBITDA margin expanded to the highest level since 2016. The EBITDA margin was propelled by favourable price-to-cost dynamics, with prices rising mid-single digits amidst decelerating costs. Net sales were flat compared to the 2Q23, reflecting difficult weather conditions in key markets offset by pricing momentum, says Cemex. “Our strong second quarter results demonstrate the efficacy of our commercial... |
GCC posts 9% advance in 2Q earnings25 July 2024, Published under Cement NewsMexico-based GCC SAB de CV reported consolidated net sales down by one per cent to US$360.3m in the second quarter of 2024 from US$364.1m in the 2Q23. US cement and concrete prices increased by 5.3 and 8.1 per cent, respectively while in Mexico cement and concrete prices were up by 2.5 and 6.4 per cent, respectively. However, these increases were not able to offset falls in volumes. Cement volumes were down by 7.1 per cent both in the US and Mexico while concrete volumes saw a 14.3 p... |
US cement sales rose in April19 July 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico amounted to 9.232Mt in April, up 5.9 per cent YoY from the 8.719Mt recorded in April 2023. Excluding for imports and sales to Puerto Rico, cement consumption in the US rose 5.9 per cent YoY to 9.11Mt, up from 8.6Mt a year earlier. The key district for shipments was the Mountain and Pacific region accounting for 1.629Mt, up 2.3 per cent YoY. Masonry cement shipments amounted to 202,211t, up 5.4 per ... |
Trinidad Cement changes two executive managers08 July 2024, Published under Cement NewsTrinidad Cement Ltd has announced two changes to its executive management team. The Cemex subsidiary's General Manager, Guillermo Rojo de Diego, will be replaced by Cemex Commercial VP, Gonzalo Rueda Castillo. Roberto Adrian Villarreal Villarreal will take over from Gustavo Alejandro Ruiz Silva as group strategic planning manager. Mr Rojo was appointed general manager in 2019 and will help Mr Rueda transition into the role. Mr Castillo, who has over 25 years' experience in the company, w... |
Cementos Moctezuma appoints director of legal affairs02 July 2024, Published under Cement NewsMexico-based Cementos Moctezuma SA de CV , part of Cementos Molins SA , has appointed Fortino Delgado Carillo as its new corporate director of legal affairs. Mr Delgado will replace Belen Molins Benavent, who resigned as of 1 July 2024 for personal reasons. Mr Delgado has more than three years of experience in the legal and corporate affairs of the company and worked previously as a manager of contentious affairs. |
Dominican cement price rise affects housing construction01 July 2024, Published under Cement NewsIn the Dominican Republic, cement prices, as represented in the Direct Cost of Housing Construction (ICDV), have increased by 49.3 per cent between January 2020-April 2024, according to the Dominican Association of Housing Builders and Developers (Acoprovi). This is causing inflationary pressures and increasing the cost of housing construction as cement represents 18 per cent of construction costs. In 2024 to date cement prices have advanced by eight per cent with an extra six per cent ant... |
Infrastructure project greenlight for Argos20 June 2024, Published under Cement NewsArgos French Guiana has been selected as a key supplier for the construction of the new Larivot bridge in French Guiana Argos' commitment is to deliver 9000t of cement and 3000t of other cementitious materials for the completion of the mega-project. Since 2023, to date, it has supplied more than 2000t of cement and 750t of other cementitious materials. With a length of 1300m, 50m-deep piles, and a diameter of 1.6m, this bridge is considered one of the most important engineering works in ... |