Displaying items by tag: Puerto Rico

Puerto Rico: Cement companies produced 43,900t of cement in May 2020, up by 2.5% year-on-year from 42,800t in May 2019. M-Brain News has reported that sales rose by 2.1% to 52,800t from 51,700t.

Puerto Rico: Puerto Rico’s two cement plants produced 37,100t of cement in March and April 2020, down by 55% year-on-year from 83,300t in March and April 2019. Domestic consumption over the period was 41,700t, down by 58% year-on-year from 98,800t. Esmerk Latin American News has reported that the decreases were caused by the suspension of construction work due to the government’s coronavirus lockdown.

Puerto Rico: Cement sales in Puerto Rico experienced a year-on-year fall of 7.4% in September 2019, to stand at 43,500t, the eighth consecutive monthly fall. Meanwhile, overall domestic cement production rose by 1.0% in the month under review, to reach 41,000t. This is the third increase reported to be observed during the first nine months of 2019.

Puerto Rico: Total cement sales in Puerto Rico fell by 11.1% year-on-year in May 2019, to stand at 1.21 million 42.5kg bags (51,425t). Cement sales have been contracting since February 2019, after 13 consecutive increases. Meanwhile, domestic cement production plunged by 33.1% year-on-year, to stand at 1 million bags, representing the fourth consecutive fall.

Puerto Rico: Road reconstruction work, housing and other infrastructure projects are raising cement sales. Over US$0.9bn of local and federal funding is being spent on rebuilding roads and around US$1.5bn has been approved for other projects, according to the El Vocero newspaper. Cement sales rose by 13.5% year-on-year to 1.2 million bags in December 2018.

Dominican Republic: Cemex has appointed José Antonio Cabrera as the president of Cemex Dominicana. He succeeds Alejandro Ramírez, who has been named president of Cemex Colombia, according to the El Nuevo Dia newspaper. The business has operations in the Dominican Republic, Haiti and Puerto Rico.

Cabrera previously served as Vice President of Strategic Planning at Cemex Egypt, as well as Vice President of Strategic Planning for Cemex's Asia, Middle East and Africa (AMEA) region. He first joined Cemex in 2000 and has held positions including Commercial and Operations Director of Cemex Spain and Project Manager of Strategic Planning for Cemex Spain and the Mediterranean region.

Colombia: Falling sales at home have reduced Cementos Argos’ sales so far in 2018. Its revenue decreased by 1.8% year-on-year to US$1.99bn in the first nine months of 2018 from US$2.03bn in the same period in 2017. Its sales volumes of cement declined slightly to 12.1Mt. However, its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 6.1% to US$355m from US$330m.

“It´s been a year full of challenges and opportunities in which we have been focused on the strengthening of our value proposition, looking forward to be a strategic ally for our clients´ projects; improving the competitiveness of our operations through the execution of BEST, ensuring we have the financial flexibility to mitigate market risks, taking advantage of growth opportunities and becoming a leaner, more innovative and sustainable company for the years to come,” said Juan Esteban Calle, chief executive officer (CEO) of Cementos Argos.

By region, revenue fell by a little in the US and cement sales volumes remained stable. This was blamed, in part, on the negative effects of Hurricane Florence on its market in the Carolinas in the third quarter and on falling prices. Revenue and sales volumes were down in Colombia due to a poor market although this started to recover in the third quarter, notably with improving earnings. In the Caribbean and Central America region its revenue and sales volumes increased, lead by growth in the Dominican Republic, Puerto Rico and the Eastern Caribbean. Despite this, EBITDA margin fell due to decreased despatches in Honduras and Panama.

Puerto Rico: Total cement sales in Puerto Rico expanded by 30% in July 2018, compared to July 2017, representing the seventh consecutive monthly increase. Sales of cement rose to 50,739t. Cement production rose by 19% over the same period.

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.

Puerto Rico: Cement sales in Puerto Rico contracted by 47.1% in October 2017 compared to the same period of 2016, due to the effects Hurricanes Irma and Maria. Cement sales had been falling generally since 2013 and they fell by 12.3% in 2016. Meanwhile, cement production declined by 52.9% year-on-year in October 2017. Cement production dropped by 11.5% in 2016, representing the fourth consecutive year of decline in the commonwealth.