Cement News tagged under: Panama
Panama’s cement production drops 8.6%24 February 2016, Published under Cement NewsCement production in Panama fell 8.6 per cent in 2015 as less product was required for the Panama Canal expansion. Total domestic output reached 1.996Mt, down from 2.184Mt in 2014. There was mixed news for the country’s construction sector with a YoY rise in residential building permits of 21.6 per cent to the value of PAB1251m. However, non-residential building permits decreased by 8.6 per cent to PAB820m. |
Cemex Panama recognised for environmental management21 October 2015, Published under Cement NewsCemex announced that its Panamanian operations were awarded the highest recognition in sustainable development and environmental management by the Panamanian Chamber of Construction (CAPAC for its acronym in Spanish). Cemex Panama earned this honour for its implementation of protection and conservation policies in the environments where the company operates. The CAPAC’s panel of judges included engineers, architects, developers, governmental officials, and scholars. The award criteria inclu... |
Cementos Argos18 August 2015, Published under Cement NewsFollowing a 59 per cent increase in profits in 2014, compared to the previous year, Cementos Argos has announced plans to pay dividends of COP44.5/share to its shareholders. Those with preferential shares will receive COP57.75/share. The company also intends to release dividend payments of COP253.30bn (US$96.06m) before the end of this year, as a result of the COP291.8bn profit achieved in 2014. Meanwhile, as part of its sustainability and environmental responsibility programme, Cementos ... |
Cemex Latin American Holdings held back by weaker cement sales in Colombia24 April 2015, Published under Cement NewsCemex Latin American Holdings' turnover declined by 16.3 per cent in first quarter of the year to US$353.8m and EBITDA fell by 20.3 per cent to US$112.4m. At the trading level there was a 23.6 per cent reduction to US$90.2m. After an interest charge 15.6 per cent lower at US$20.6m and other items, the pre-tax profit declined by 23.3 per cent to US$72.3m and the net attributable profit came off by 19.8 per cent to US$43.8m. Net debt at the end of March was 8.8 per cent lower than a year ea... |
Colombia boosts Cemex Latin American Holdings18 July 2014, Published under Cement NewsFirst-half turnover at Cemex Latin American Holdings improved by 6.1 per cent to US$864m while EBITDA declined by 7.5 per cent to US$283.1m. At the trading level there was a 9.5 per cent reduction to US$235.6m. After a net interest charge 19 per cent lower at US$47.6m, the pretax profit emerged 4.8 per cent lower at US$184.2m. The net attributable profit declined by 14.3 per cent to US$121.2m. Net debt at the end of June was 12.3 per cent lower than a year earlier at US$1,237m, giving... |
Cemex LatAm Holdings sees growing cement shipments in Colombia30 April 2014, Published under Cement NewsCemex Latin American Holdings' turnover increased by 10.3 per cent in first quarter of the year to US$422.8m, but the EBITDA was just 0.2 per cent ahead at US$141m. The increase at the trading level was 2.4 per cent to US$118.1m. After a net interest charge 17 per cent lower at US$24.4m, the pretax profit did improve by 13.3 per cent to US$94.3m and the net attributable profit more than doubled to US$54.6m. Net debt at the end of March was 18.5 per cent lower than a year earlier at US$123... |
Cementos Argos02 December 2013, Published under Cement NewsPanama’s continuing focus on infrastructure development is proving lucrative for leading cement producer Cementos Argos. The expansion of the Panama Canal now accounts for 30 per cent of revenue for Argos’ Panamanian subsidiary, which has been supplying materials to the project since 2009. The company is also providing cement for the construction of Central America’s first subway, the US$1800m Panama Metro. The first stage of construction, a 14km stretch of the metro system, is due for comp... |
Cementos Argos continues to thrive on Panama Canal project18 November 2013, Published under Cement NewsCementos Argos has found the Panama Canal expansion project to be a lucrative venture. The Colombian cement and concrete producer has been supplying materials for the construction of major infrastructure on the canal and connect schemes since 2009. Argos’ Panamanian subsidiary earns 30 per cent of its revenues from the expansion at present with the canal offering sales of 700,000Mta of cement up to next year. In addition, the Colombian company is providing concrete to the Aeropuerto... |
Cemex Latin America cement shipments edge ahead, grows stronger downstream24 October 2013, Published under Cement NewsCemex Latin American Holdings' turnover for the first nine months of the year advanced by eight per cent to US$1287.8m, while the EBITDA increased by 16.2 per cent to US$474.4m. The increase at the trading level was a little less at 14.1 per cent to US$405.4m. After a net interest charge of US$86.8m, the pre-tax profit amounted to US$309.1m. Net debt at the end of September stood at US$1345m, to give a gearing level of 94.7 per cent, with 88 per cent of the total gross debt being denomina... |
CCCL reports 2Q13 net profit, Jamaica08 August 2013, Published under Cement NewsCaribbean Cement Company Ltd (CCCL) has reported a second-quarter net profit as the Jamaica-based cement producer increased domestic market share and exports to Panama provide an extra boost to revenue. In the second quarter of 2013, cement exports declined but local sales reached 150,000t to push revenues for the three-month period above JMD3bn (US$29.6m). The company made a profit for the second quarter of JMD359m. However, CCCL general manager attributed to the improvement to the compa... |