Cemex has signed an agreement to sell its operations in the Dominican Republic to Cementos Progreso Holdings and partners for US$950m. The sale includes a cement plant with two production lines and related assets, as well as export businesses to Haiti. The divestment is expected to finalise in the fourth quarter of 2024, pending closing
The core of the Caribbean cement industry consists of the Dominican Republic (with 5.9Mt/yr in integrated capacity), Cuba (4.7Mt/yr) and Jamaica (3.5Mt/yr). Haiti and Trinidad & Tobago also command small, single integrated plants, while there are numerous grinding plants and cement terminals along the region’s extensive coastlines. The industry has been the subject of new
Germany-based Gebr. Pfeiffer has received an order for an MVR 3750 C-4 vertical roller mill from Estrella Group subsidiary Cemento PANAM. Cemento PANAM plans to install the mill at an upcoming grinding plant. It will be equipped with an SLS 4000 VC classifier and will produce 155t/hr of blended cement. China-based CBMI Construction will handle