Displaying items by tag: Panama

Colombia: Austria-based Mondi Group plans to open its first South American paper bags plant in Cartagena in January 2021. The unit will start with one production line with a capacity of approximately 50m bags/yr. The bags will be targeted at the cement, chemical and food industries. The group said that the plant is located in a free-trade zone with good access to ports in Panama, the east coast of the US, the Gulf of Mexico and other Caribbean ports.

"Our global network already includes 39 plants across 22 countries. We are excited to be expanding our footprint to Colombia, helping us to provide innovative, sustainable and customer-focused paper packaging solutions to customers in South America who share our commitment to quality," said Claudio Fedalto, Chief Operating Officer Paper Bags, Mondi.

Colombia: Cemex subsidiary Cemex Latam Holdings (CLH) recorded net sales of US$571m in the first nine months of 2020 were down by 24% year-on-year from US$752m in the corresponding period of 2019. Operating earnings fell by 14% to US$69.0m from US$87.0m, while consolidated cement volumes fell by 20% to 3.92Mt from 4.89Mt.

Jesus Gonzalez, chief executive officer (CEO) of CLH said, “Our operations could run relatively normally during the third quarter in Colombia, Guatemala, Nicaragua and El Salvador, while restrictions impacted in Panama and to a lesser degree in Costa Rica.” He added that the company improved its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) by 19% on a like-for-like basis to US$51m in the third quarter of 2020.

Colombia: Cementos Argos says that 70% of its total cement orders between 1 January 2020 and 9 July 2020 were placed online via its Argos One automated booking, order management and delivery monitoring platform. The platform handled 81% of orders of cement in the Dominican Republic, 39% in the US, 34% in Honduras and 19% in Panama. The company said, “Argos One has become even more relevant in the current context and will continue to evolve in function to continue its purpose of providing extraordinary solutions to clients.”

Panama: Grupo Argos subsidiary Cementos Argos has announced the “gradual reactivation” of its operations in Panama. The first stage of the post-coronavirus start of operations consists of “supply to prioritised public infrastructure works and sale to hardware stores,” begun on 9 June 2020. Presently the company is awaiting clearance from the Panamanian government to resume deliveries to “construction customers and other types of projects.”

Colombia/Panama: Mexico-based Cemex has announced the suspension of production at all of its plants in Panama and those of its Colombian subsidiary Cemex Latam Holdings from 25 March 2020. It said it ‘may resume certain activities on or before 13 April 2020,’ according to Noticias Financieras News. The NAFTA 2.0 newspaper has included Cemex on a list of Mexico’s companies most exposed due to a large European presence to the impacts of the coronavirus there. Europe is the second-largest market for Cemex’s products, generating 24% of its revenue in 2019.

Panama: Guatemala-based Cemento Progreso, which acquired Cemento Interoceanico on 21 November 2019, has shared plans to expand its 0.25Mt/yr La Chorrera plant to 0.3Mt/yr production capacity. Noticias Financieras News has reported that the company will also establish three new concrete plants, in David, Chiriquí province, Columbus, Columbus province, and Tocumen, Panama province. Through these it hopes to serve major infrastructure projects such as the construction of a fourth Panama canal bridge and to increase its cement market share from 10%.

Panama: New technical regulations for cement composition and behavioural characteristics will enter force on 3 December 2019. All packaging must display the contents’ net weight, country of origin, cement type and production date. La Estrella has reported that the legislation gives enforcing power to the Ministry of Commerce and Industry’s Directorate General of Industrial Technology Standards (DGNTI), the Consumer Protection and Competition Defence Authority (ACODECO) and customs authorities.

Panama: Guatemala’s Cementos Progreso has acquired a full stake in Cemento Interoceanico. The latter company informed its staff that working conditions would remain unchanged, according to the Panamá América newspaper. Panama consumed 1.67Mt of cement in 2018. Imports increased by 2% year-on-year to 32,900t.

Panama: 0.87Mt of domestically produced cement was sold in Panama in the six months to 31 July 2019, corresponding to a drop in production of 12.8% compared to the same period of 2018. Figures released by the treasury office showed total cement imports at a high of 85,600t; 10% of domestic consumption.

Panama: Argos Panama plans to install a line for the production and storage of clinker at its plant in Buena Vista, Colón Province. In an environmental impact study submitted to Panama’s Ministry of Environment, Argos estimated the total cost of the project, called the Balboa Project, at US$168m.