Cement Americas

FAL 2014

Cement Americas provides comprehensive coverage of the North and South American cement markets from raw material extraction to delivery and tranportation to end user.

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CEMENT AMERICAS • Fall 2014 • www.cementamericas.com 2 CEMENTSCOPE Cemex S.A.B. de C.V. announced last month that its subsidiary, Cemex Latam Holdings, S.A. (CLH) will begin the con- struction of a cement plant in Colom- bia. The total investment is expected to reach approximately $340 million and to increase CLH's cement production capacity in Colombia from 4.5 million to close to 5.5 million tpy. The first phase of the project includes the construction of a new grinding mill that is expected to start production dur- ing the second quarter of 2015. The rest of the plant will be completed dur- ing the second half of 2016. The plant will operate using modern and efficient technology to comply with high quality and environmental standards. The facility will be strategically located in the Antioquia department. This re- gion has enjoyed high levels of eco- nomic growth and is expected to further benefit from the construction of infrastructure projects under the highway concession program in Colombia. "We are proud to contribute to the devel- opment of Colombia and wish to continue to be a long-term partner on its path to a prosperous, sustainable future," said Fer- nando A. Gonzalez, CEMEX´s chief exec- utive officer. "We are encouraged by the positive outlook and business environ- ment of this dynamic market." The project will be financed with CLH's free cash flow and it is expected to gen- erate approximately 1,000 direct jobs during the construction phase and about 300 jobs once the operations begin. Cemex Announces New Cement Plant in Colombia Plibrico Focuses on New Refractory Product Development Plibrico Co. LLC announced Justin Teiken as the new vice president of sourcing and product development. Teiken first began his career at Plib- rico, and has since dedicated 18 years to new refractory product de- velopment and applications. "We are very fortunate to have Justin rejoin our company," said Bob Hunter, vice president sales and marketing of Plibrico Co. "In addition to his earlier career at Plibrico, Justin has worked in quality control and R&D; at some of the leading refractory manufacturing companies. Many of his new product innovations have resulted in record profits and successful expansions into new markets. We believe Justin's re- turn to Plibrico will be instrumental in growing our refractory product line and support our goals for penetrating new markets." Teiken has held positions with Vesu- vius where he developed NUMAX premium precast shapes and Quick Fix phosphate-bonded patch mix, and shared in the development of Surgun low cement gun mixes. He continued his success in new prod- uct development at Holland Manu- facturing where he introduced nine new products and opened doors to new markets. Teiken also holds a Ce- ramic Engineering degree from Uni- versity of Missouri-Rolla (currently Missouri University of Science and Technology). Caribbean Cement Co. Ltd., the Jamaican subsidiary of Trinidad Cement Ltd., had a 28 percent increase in revenue for the first half of 2014, reported Trinidad and Tobago Guardian. Revenue amounted to $64.44 million, up from $50.44 million reported the prior year. Results were "impacted by general infla- tionary increases driven by the depreciating currency, an increase in debt servicing and the cost of the planned annual shutdown of the clinker manufacturing line for the necessary relining of the kiln, during which time there was a significant draw down of clinker inventory resulting in a positive cash flow, but a negative operating result," said Caribbean Cement. "There is no major shut down of the kiln planned for the rest of 2014 when clinker inventory will be re- stocked and improved operating results are expected." Earnings before interest, tax, depreciation and amortization (EBITDA) were $2.69 mil- lion in the first half of the year, versus $8.97 million for the same period in 2013. De- Caribbean Cement Sees Double-Digit Increase in Revenue

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