Cement News tagged under: Guatemala
Central American cement trade falls 14% in 9M1625 April 2017, Published under Cement NewsThe total value of traded hydraulic cements in Central American countries fell 14 per cent from US$56m to US$48m in the first nine months of 2016, according to CentralAmericaData. Volumes dropped from 0.494Mt in 2015 to 0.426Mt in 2016. In the 9M16 the main exporter of hydraulic cements in Central America was Costa Rica with US$28m, followed by El Salvador (US$12m), Honduras (US$5m), Nicaragua (US$2m) and Guatemala (US$1m). In this period, Nicaragua was the main buyer of interregional... |
Cemex Latam Holdings inaugurates Guatemala expansion04 April 2017, Published under Cement NewsCemex Latam Holdings has inaugurated its expanded Arizona cement works in Guatemala. The project represents an investment of US$3.7m and will enable the plant to increase its production by 10 per cent to 0.545Mta. In addition, the plant’s bagging facilities have been upgraded from 65tph to 95tph. Jaime Muguiro, managing director of Cemex Latam Holdings, said that Guatemala has become a strategic location for the company. "Guatemala is a country with a lot of growth potential, we are l... |
A fragile but positive outlook05 December 2016, Published under Cement NewsWhile South America’s cement markets may have been considerably affected by the economic downturn, the Central American countries of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama are hopeful of a better future. Domestic cement producers are looking for an upturn in cement demand, particularly following recent increases in their production capacities. By Rob Roy, ROI Economic Consulting, USA. In Honduras Argos operates the 1.3Mta Piedras Azules integrated... |
Guatemala: Cemento Regional enters the market14 November 2016, Published under Cement NewsCemento Regional has started operating a plant in Escuintla, Guatemala, which has capacity to produce 8000 bags of cement per day with its new Cemengal Plug&Grind ® Classic grinding plant. Cemento Regional has invested US$12.2m in the construction and commissioning of the 12tph modular grinding plant, which will supply the product to its three stores in the department of Guatemala. "...Cemento Regional will start selling in its branded stores in El Naranjo, Calzada La Paz and on the ... |
Guatemala: Fitch affirms Cementos Progreso IDRs, Outlook Stable25 September 2015, Published under Cement NewsFitch Ratings has affirmed Cementos Progreso SA's (Cempro) Issuer Default Ratings (IDRs) at 'BB+'. The Rating Outlook is Stable. Cempro's 'BB+' ratings reflect the company's leading position in Guatemala's cement industry. Its solid market position is viewed as sustainable considering the country's limited infrastructure and challenging logistics, which limit imports and significantly increase cement distribution costs. Further deterrents include the company's extensive distribution netwo... |
Guatemala: protests over new plant22 September 2014, Published under Cement NewsThe construction of Guatemala’s newest cement plant for Cementos Progreso has led to disturbances and protests that has resulted in several fatalities and casualties, according to The Associated Press. The main incidents took place at Pajoques, a town about 40km west of the capital, Guatemala City. Local residents supporting the development projects argued with opponents, who say the construction would damage their lands, Interior Minister Mauricio Lopez Bonilla told The Associated Press.... |
Cementos Progreso to construct new plant, Guatemala02 September 2013, Published under Cement NewsGuatemala’s largest producer, Cementos Progreso, plans to spend US$720m on the construction of a new cement plant, according to local news reports. The greenfield plant will be constructed in the San Gabriel Buena Vista farm in San Juan Sacatepequez and have an installed capacity of 2.3Mta, according to reports by Prensalibre.com. Completion is expected in 2016. Cementos Progreso currently operates two cement plants and accounts for 3Mta of Guatemala’s 3.5Mta total capacity. At the end ... |
Cementos Progreso begins building San Gabriel works22 July 2013, Published under Cement NewsCementos Progreso started construction on its new plant in San Juan Sacatepéquez, 30km of the capital, in northeastern Guatemala. It is expected that construction of the 2.2Mta plant will take three years and is scheduled to come online in 2017. The project includes reforestation programmes. On a 836ha site, the plant covers an area of 64ha with the remainder left as green belt. Moreover, it will also support the municipality’s development plan and will include a 14km link road between t... |
Guatemalan residents protest against new local plant12 July 2013, Published under Cement NewsGuatemalan residents are protesting against a factory under planning by Cementos Progreso in San Juan Sacatepéqyuez, some 30km northwest of Guatemala City, according to local press. Members of 12 local communities claim they were not consulted prior to works commencing and that emissions from the plant will affect the local environment. The cement factory will be built in the area to serve construction of a 24km highway known as the "Anillo Regional" that will connect the departments o... |
Holcim reduces stake in Siam City Cement, sells minority shareholding in Cementos Progreso21 December 2012, Published under Cement NewsHolcim has announced that it has reduced its stake in Siam City Cement Ltd (SCCC) of Thailand and has sold its minority shareholding in Guatemalan producer Cementos Progreso, contributing CHF375m (EUR310.6m) to the Holcim Leadership Journey programme. SCCC stake reduced Holcim Ltd has reduced its shareholding in SCCC from 36.8 per cent to 27.5 per cent. The shares have been purchased by Bangkok Broadcasting and Television Co, part of the Ratanarak Group, which will increase its shareho... |