Cement News tagged under: Panama
Cement demand in Panama contracts 3% in January-July 202418 September 2024, Published under Cement NewsCement consumption in Panama was down 3.1 per cent to 752,427t in the January-July 2024 period from 776,126t in the 7M23, according to INEC, Panama’s national institute of statistics and census. The drop in sales has been attributed to the slowdown in the construction sector, where private investment has decelerated. While some public works have been carried out, the segment was unable to offset lower sales elsewhere. Cement production declined by 12.7 per cent to 765,667t in the 7M24 from... |
Argos Panama’s strive for carbon neutrality10 September 2024, Published under Cement NewsArgos Panama (part of Cementos Argos SA ) is committed to making the construction of housing and infrastructure more sustainable. Gustavo Uribe, CEO of Argos Central America, highlights that this approach is reflected in a portfolio of environmentally responsible products manufactured in Panama’s first carbon-neutral cement plant. The company has been able to achieve such sustainability goals after completing the “Reduce Your Corporate-Carbon Footprint” programme set by the Ministry of th... |
Cementos Progreso emerges as a true regional player09 August 2024, Published under Cement NewsWhile Cemex has divested its Caribbean assets in the Dominican Republic, one company has jumped on the opportunity to expand its presence in the region. Guatemala-based Cementos Progreso (Cempro) is rapidly extending its reach in the Caribbean and Central America as it adds further cement capacity to its growing portfolio. The San Pedro de Macoris plant in the Dominican Republic will add 2.4Mta to Cempro's cement capacity by the 4Q24, when the transaction is expected to close. The acquisiti... |
Cemex signs alternative fuel agreement with 3M11 April 2022, Published under Cement NewsCemex has expanded its use of alternative fuels with an agreement with 3M in Panama to process their industrial waste. This collaboration aligns with Cemex’s Future in Action strategy to reduce its carbon footprint and contribute to a circular economy. This agreement adds to Cemex’s extensive capacity to repurpose society’s waste in its operations, reducing the carbon footprint of its own productions processes as well as the amount of waste sent to landfills. Decomposition in landfills pr... |
Cayman Islands expands import list to counter cement shortage21 July 2021, Published under Cement NewsThe Cayman Islands has added three countries to its list of approved cement providers to help ease shortages currently being experienced by the domestic construction industry. The Customs & Border Control (Prohibited Goods) (Amendment) Order 2021 has added Colombia, Cuba and Panama as authorised countries for the purposes of importing cement. "The PACT Government is committed to supporting sustainable development, lowering construction costs and encouraging increased Caymanian home ownersh... |
Cemex Panamá to produce low-carbon general-purpose cement03 May 2021, Published under Cement NewsCemex Panamá announced it will be producing its first low-carbon cement as part of its Cementos Vertua general-purpose cement product range. Cementos Vertua’s CO 2 emissions are up to 40 per cent lower than conventional cements while preserving its technical properties and maintaining the Cemex standards of quality. “We recognise that construction in the future must be balanced with its environmental effects and that these challenges are met by collaborating with our clients and stakeho... |
Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%12 February 2021, Published under Cement NewsCemex Latam Holdings SA reported that the company's consolidated net sales and EBITDA in the 4Q20 fell by three and one per cent, respectively, compared to the 4Q19. Jesús González, CEO of Cemex Latam Holdings, commented: "I am proud of how the organisation responded to the challenge of the sudden arrival of COVID-19 in our footprint. We reacted quickly and forcefully to a highly uncertain situation, prioritising the safety of our employees and customers while ensuring business con... |
Cemex Latam Holdings records net sales decline of 8% in 3Q2029 October 2020, Published under Cement NewsCemex Latam Holdings announced that its consolidated net sales declined by eight per cent in 3Q20 and EBITDA improved by 19 per cent compared to 3Q19. A controlling interest net loss of US$109m was recorded during the 3Q20. Operating EBITDA in Colombia reached US$28m, 59 per cent higher on a like-to-like basis compared to 3Q19. Net sales rose by one per cent to US$115m on a like-to-like basis compared to 3Q19. In Panama operating EBITDA reached US$1m up 54 per cent compared with 3Q19. ... |
Central America’s resilience17 August 2020, Published under Cement NewsThe markets of Honduras, Panama, Guatemala, Belize, El Salvador, Nicaragua and Costa Rica will have to show fresh resilience in the resultant aftermath of COVID-19. Dependent on tourism and overseas remittances, central government funds will have been hit hard and economic recovery may be a protracted struggle. While Guatemala is home to Central America’s largest cement production base, accounting for 5.8Mta of capacity, it has seen imports rise in recent years like elsewhere in th... |
Cemex Latam Holdings sales decline 36% in 2Q2028 July 2020, Published under Cement NewsCemex Latam Holdings, SA announced that in a quarter marked by significant disruption from the COVID-19 pandemic, sales declined by 36 per cent in 2Q20, while EBITDA fell by 32 per cent, in local-currency terms, YoY. Cemex’s consolidated cement volumes declined by 33 per cent during the second quarter YoY. However, volumes recovered significantly in June, doubling the volumes sold during April. Quarterly consolidated prices for cement improved by four per cent YoY and remained stable seque... |