Displaying items by tag: Cemex Puerto Rico

Puerto Rico: Cemex Puerto Rico has extended its contract with the Puerto Rico Ports Authority by 20 years. The subsidiary of Mexico-based Cemex uses Pier 16 of the Port of San Juan. Joel A Pizá Batiz, the executive director of the port authority, said that data from the Development Bank Economic showed that country had a cement demand of 590,000t in 2020. He added that Cemex’s investment in the local economy was over US$400m and it injects US$20m/yr into the local economy. Cemex operates the Ponce plant in Puerto Rico. It switched to grinding cement in 2018.

Puerto Rico: Cemex Puerto Rico has successfully renewed its licence for use of Pier 16 at the Port of San Juan until 2042. Puerto Rico Ports Authority executive director Joel Pizá Batiz estimated Cemex Puerto Rica’s contribution to the territorial economy to be US$20m in 2020 and its total investments in the island to be US$400m.

The Metro Puerto Rico newspaper has reported that Puerto Rican cement consumption was 590,000t in 2020.

Puerto Rico: Cemex Puerto Rico plans to stop clinker production at its Ponce cement plant. The site will move to grinding cement in January 2018, according to Sin Comillas. The cement producer has been unable to rule out job losses.

The changes come in response to poor cement sales that the company says are the worst in the territory since the 1950s. Cement sales have been falling since 2009 and Hurricanes Irma and Maria punished the market in the autumn with big declines in September and October 2017. At present Cemex Puerto Rico says that the local market only needs around a third of the country’s capacity. However, the Ponce plant has a production capacity of 1.2Mt/yr. The company has also cited high electricity costs as part of its decision.