cement sectorg latin america 2.2

A review of the cement
industry in Latin America
Juliana Cabrera

Latin American Cement market
performance in 2016
• Central America experienced a three-year contraction around financial crisis - US-linked
economic growth, but have been expanding since 2014.
• South America had a limited impact of global financial crisis in ’09 - significant deterioration
during current cyclical downturn, -8%, dragged down by the poor performance of its much
larger markets (Brazil, Ecuador, Colombia and Peru)
• In 2016, the region show a slit growth performance, but still was poor in comparison with larger
economies.

Latin America cement consumption
• The Latin American Regional cement consumption is only moderately impacted by the global
financial crisis, rallying to a peak of 187Mt in 2014.
• One third of regional demand comes from Central America (incl. Mexico) and two thirds from
South America. Also, Brazil and Mexico consume more than all other markets combined.
• Since 2014, we can evidence a weakening in the largest markets, especially Brazil, were the
demand contracted (2016 volumes 12Mt below 2014 peak).

Latin America & Caribbean: supply side
• Unsustainable level of capacity which has left the region in a state of oversupply (theoretical
supply surplus of 115Mta)
• In Latin America there is a total capacity of 291Mta and average capacity utilisation rate is
around 60%.
• New plants are under construction or have being recently completed (Nicaragua, Costa Rica,
Guatemala and Colombia)
• Countries such as Chile, Peru, Brazil are suffering critical levels of overcapacity and
compromising their cement producers profitability.

Cement Industry in the Caribbean
• In the region, a total of 22 different companies operate 23 cement plants, with an approximate
production capacity of 19.8 million tons.
• Among the biggest cement groups in the region are: CEMEX, TLC, Argos

Cement Industry in the Caribbean
• 22 companies- 23 cement plants- approximate production capacity of 19.8 million tons
• Cement consumption per year, approx. 10 to 12 million tons.
• Large amounts of imports from the Mediterranean+ low freights = over supply and low prices
• The ton in the region is approximately USD $190

Dominican Republic
In metric Tons (Total: 7,705,000)
Installed cement production capacity, by company in 2016
• In DR 7.7 million metric tons are currently produced, with an excess capacity of around 53%,
which has led to the search for new markets.
• Installed capacity for 20 years
• Cemex has a market share of 40% in the. Only two of the companies are Dominican, while the
remaining five are the result of partnerships with foreign companies.

Cement producers
Cementos Cibao
Capacity: 3 Wet -
1.3Mt/y, 1 Dry -
0.7Mt/yr
Cemex-San Pedro de
Macorís Plant
Capacity:2 Dry - 2,580
Mt/yr
Cementos Panam
Capacity: 550,000
MT per year
Argos-Colon plant
Capacity: 550,000
MT per year
Domicen- Hatillo
plant
Capacity:0.35 Mt/yr
Cementos Santo
Domingos
Capacity:1 Dry -
1.9Mt/yr
Sto Domingo-
Hatillo plant
Capacity:0.35
Mt/yr

Consumption
• The consumption of cement in the local market decreased by -2.0% during
the first semester of 2017
• The per capita consumption is 327 tons per inhabitant

Imports
Value imported
in 2017 (USD
thousand)
Trade balance 2017
(USD thousand)
Quantity imported
in 2017
Quantit
y unit
Unit
value
(USD/uni
t)
Growth in imported
value between 2013-
2017 (%, p.a.)
Growth in imported quantity
between 2013-2017 (%, p.a.)
Average tariff (estimated)
applied by Dominican
Republic (%)
Total 2907 25528 19725 Tons 147 -34 -46
Spain 1640 -1640 12407 Tons 132 -20 -32 9.8
United States of America 559 879 1105 Tons 506 -14 -21 0
Turkey 354 -354 3025 Tons 117 -42 -51 12.8
Italy 207 -207 1928 Tons 107 9.8
Portugal 132 -132 1197 Tons 110 -55 -65 9.8
Mexico 15 -14 60 Tons 250 -55 -61 12.8
Haiti 18438 12.8
Jamaica 4859 12.8
Suriname 3700 12.8
Exporters
Select your indicators
List of supplying markets for the product imported by Dominican Republic in 2017
Product: 2523 Cement, incl. cement clinkers, whether or not coloured

Exports
• Haiti is the main export market,
followed by Jamaica, Puerto Rico,
Suriname, Turks & Caicos.
• Exports to Haiti in 2016
decreased by -7.7%.
• Haiti imposed in September 2015
entry restrictions by land.
• Today the cement industry in the
Dominican Republic is exporting
30% of its production, which
represents approximately US $
140 MM of annual revenue

Haiti
• Nowadays, it has an installed capacity of 600, 000 TN / year by installing a rotary dryer
for raw materials, a grinding mill and a high efficiency separator.
• Argos bought Holcim's participation in the consortium CINA and becomes a strategic
partner.
• In 2017 total cement consumption was 1,78 MM TN, domestic consumption is 139
kg/hab
• Two readymix companies, GDG Betons and Metallics, serve Port-au-Prince, though
demand is slight.

Cement producers
Cimenterie
Nationale (Argos)
Capacity:0.6Mt/yr

Imports
Value imported in 2017
(USD thousand)
Trade balance 2017
(USD thousand)
Quantity imported
in 2017
Quantity unit
Unit value
(USD/unit)
Growth in imported value
between 2013-2017 (%,
p.a.)
Growth in imported
quantity between 2013-
2017 (%, p.a.)
Average tariff
(estimated) applied by
Haiti (%)
World 73425 -70821 1349775 Tons 54 -11 8
Dominican Republic 18438 -18438 455761 Tons 40 -27 1 7.2
Turkey 15907 -15907 317116 Tons 50 257 419 7.2
Morocco 14928 -14928 209326 Tons 71 7.2
Portugal 6496 -6496 94205 Tons 69 7.2
Spain 5081 -5057 89159 Tons 57 0 7.2
Colombia 3433 -3433 66037 Tons 52 -4 12 7.2
United States of America 3039 -1608 40640 Tons 75 -29 -21 7.2
Mexico 1893 -1893 22087 Tons 86 104 -12 7.2
Jamaica 1423 -1423 20123 Tons 71 -8 5 7.2
Venezuela, Bolivarian
Republic of 813 -813 10014 Tons 81 7.2
Cuba 773 -773 10271 Tons 75 -28 -61 7.2
Belgium 721 -721 9000 Tons 80 135 135 7.2
Italy 368 -368 5251 Tons 70 202 751 7.2
Brazil 45 -45 500 Tons 90 7.2
Guatemala 45 -45 258 Tons 174 81 7.2
China 14 -14 5 Tons 2800 7.2
France 4 18 15 Tons 267 -22 19 7.2
Netherlands 3 -3 6 Tons 500 -66 -82 7.2
List of supplying markets for the product imported by Haiti in 2017
Exporters

Exports
Value exported in 2017
(USD thousand)
Trade balance 2017 (USD
thousand)
Quantity exported in
2017
Quantity unit
Unit value
(USD/unit)
Growth in exported value
between 2013-2017 (%,
p.a.)
Growth in exported
2017 (%, p.a.)
faced by Haiti (%)
World 2604 -70821 55559 Tons 47 701
United States of America 1431 -1608 30386 Tons 47 611 0
Nigeria 1087 1087 25000 Tons 43 17
Spain 24 -5057 42 Tons 571 0
France 22 18 54 Tons 407 0
United Arab Emirates 20 20 63 Tons 317 5
Canada 19 19 14 Tons 1357 0
List of importing markets for the product exported by Haiti in 2017
Importers

Jamaica
• Caribbean Cement Company Limited (Carib Cement) has been in operation since 1952 and is
the sole manufacturer of Portland and blended cement in Jamaica.
• After recent upgrades in its kiln, it has moved from producing 2,800 tonnes to 3,200 tonnes of
clinker per day.
• Its aim is to push cement production from 910,000 tonnes to 1.2 million tonnes annually by
2019.
• A canadian company Cemcorp built a 1.5 million tpa cement plant in St Catherine at an
investment of US$340 million. Its production is meanly sell to neighbouring countries due to
CARICOM benefits.

Cement producers
Carib Cement-
Rockfort Plant
Capacity:1 Wet & 1
Dry - 2Mt/yr
Cemcorp
Port Esquivel
Plant
Capacity:1.5Mt/yr

Imports
(USD thousand)
Trade balance 2017
(USD thousand)
Quantity imported in
2017
Quantity unit Unit value (USD/unit)
between 2013-2017 (%, p.a.)
Growth in imported
quantity between
2013-2017 (%, p.a.)
applied by Jamaica (%)
World 8444 -4644 115554 Tons 73 -20 -17
DominicanRepublic 4859 -4859 48188 Tons 101 8 11 0
TrinidadandTobago 1885 -1885 51618 Tons 37 0
Mexico 1477 -1477 14945 Tons 99 43 67 27.7
Belgium 76 -76 428 Tons 178 21 32 27.7
Turkey 25 -25 137 Tons 182 -13 -9 27.7
China 2 -2 14 Tons 143 27.7
List of supplying markets for the product imported by Jamaica in 2017
Exporters
In 2017 the government has
granted Caribbean Cement
permission to import cement
from Trinidad & Tobago in order
to resolve local supply issues.

Exports
Value exported
in 2017 (USD
thousand)
thousand)
2017
Quantity
unit
Unit value
(USD/unit)
Growth in exported
value between 2013-
2017 (%, p.a.)
Growth in exported
quantity between
2013-2017 (%, p.a.)
Average tariff
(estimated) faced by
Jamaica (%)
World 3800 -4644 67556 Tons 56 629
Suriname 1089 1089 21581 Tons 50 -40 0
Haiti 987 987 20123 Tons 49 7.2
Cayman Islands 578 578 9742 Tons 59 22
Guyana 473 473 6563 Tons 72 -48 0
Cuba 197 197 1950 Tons 101 46 14.6
Bermuda 152 152 2096 Tons 73 5
Barbados 136 136 3043 Tons 45 525 0
British Virgin Islands 78 78 1005 Tons 78
France 68 68 880 Tons 77 0
Anguilla 26 26 364 Tons 71
Turks and Caicos Islands 15 15 208 Tons 72
China -2 7.6
List of importing markets for the product exported by Jamaica in 2017
Importers

Puerto Rico
• In January of 2018, Cemex Puerto Rico stopped clinker production at its Ponce cement plant
and it will moved to grinding cement in January 2018.
• Cement sales have been falling since 2009 and Hurricanes Irma and Maria.
• Local market only needs around a third of the country’s capacity. Total cement demand is
currently around 0.4Mt or some 33 per cent of CEMEX’s total installed capacity .
• Consumption per capita is 227kg/inhab
• Cement production has fallen by 30%
year-by-year to 756,000 bags in the
first eleven months of 2016 from
1.08M bags in the same period in
2015. The decline has been attributed
to a lack of funding supporting
infrastructure projects and a slowdown
in the residential construction sector.

Cement producers
Argos-San Juan
Dorado Plant
Capacity:1 Dry -
0.8Mt/yr
CEMEX:
Ponce Plant Ponce
1 Dry - 1.2Mt/yr

Cuba
• In 2017, the six cement plants of Cuba
were not able to provide a volume of
1.57 million tons, which the
government required, due to the lack
of budget for the maintenance and of
materials for cement bagging
• Cuban government is planning to built
a new cement plant in Santiago de
Cuba. With the construction of this
new cement plant production capacity
would be around 1 million tpy of
clinker.
• Cement production is 4.95 MTA
• The current demand of cement exceeds the production. Forecasted demand based on the
cement group's estimations would be in the order of 15% and 10% growth rate by the
subperiods 2020–2025, 2026–2030, respectively
• Consumption per capita is 227kg/inhab.

Imports
(USD thousand)
Trade balance 2017
(USD thousand)
Quantity
imported in 2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%,
between 2013-2017 (%, p.a.)
applied by Cuba (%)
Total 554 219 2782 Tons 199 -11 27
Jamaica 197 -197 1950 Tons 101 46 14.6
Spain 138 -138 101 Tons 1366 150 136 14.6
Canada 91 -91 498 Tons 183 -39 19 14.6
Mexico 57 -57 100 Tons 570 -27 -31 0.9
China 38 -38 125 Tons 304 14.6
Italy 29 -29 6 Tons 4833 -37 -61 14.6
Chile 3 -3 2 Tons 1500 13 4 0.7
Portugal 2 -2 0 Tons 14.6
Haiti 773 14.6
List of supplying markets for the product imported by Cuba in 2017 (Mirror)
Exporters

Exports
(USD thousand)
Trade balance 2017
(USD thousand)
2017
Quantity unit
Unit value
(USD/unit)
Growth in exported value between
2013-2017 (%, p.a.)
Growth in exported quantity between
2013-2017 (%, p.a.)
Average tariff (estimated) faced by
Cuba (%)
Total 773 219 10271 Tons 75 -49 -61
Haiti 773 773 10271 Tons 75 -28 -61 7.2
Portugal -2 1.7
Chile -3 0.4
Italy -29 1.7
China -38 7.6
Mexico -57 0
Canada -91 0
Spain -138 1.7
Jamaica -197 0
List of importingmarkets for the product exported byCuba in 2017 (Mirror)
Importers

TRINIDAD Y TOBAGO
Trinidad Cement
Southern Main
Road Plant
Capacity: 1 Dry -
1.2Mt/yr

Barbados
• Total production in 2016 amounted 0.4 MTA
• A construction boom, linked to tourism and residential development, has assisted the recovery
of a large cement plant in the north of the island that was closed for some years and reopened
in 1997. In 1997 the kiln, with a 0.35Mt/yr capacity, was restarted
• Hydraulic cement production totalled 267,659 tons in 2000, up from 106,515 in 1996
• Consumption per capita is 372 kg/inhab

Imports
Value imported in
2017 (USD thousand)
Trade balance 2017
(USD thousand)
Quantity
imported in 2017
Quantity
unit
Unit value
(USD/unit)
between 2013-2017 (%, p.a.)
between 2013-2017 (%, p.a.)
between 2016-2017 (%, p.a.)
applied by Barbados (%)
World 1294 14934 6113 Tons 212 18 32 -68
United States of America 820 -802 1894 Tons 433 41 44 551 8.1
Belgium 142 -142 678 Tons 209 -8 -5 -15 7.9
Jamaica 135 -134 3043 Tons 44 15 -22 -71 0
Turkey 129 -129 191 Tons 675 -96 8.1
Mexico 67 -67 308 Tons 218 70 71 37 8.1
Guyana 11801 0
Saint Kitts and Nevis 1402 0
Anguilla 829 8.1
Saint Lucia 741 0
Saint Vincent and the
Grenadines 533 0
Suriname 363 0
Grenada 315 0
Montserrat 200 8.1
Bermuda 24 8.1
Turks and Caicos Islands 1 8.1
List of supplying markets for the product imported by Barbados in 2017
Exporters
• The high tariff on imported cement was a
policy designated 3 decades ago to offer
protection to the island’s only cement
manufacturer, Arawak Cement Ltd, which
is now a subsidiary of TLC company
• TLC has also taken action against
Turkish cement importers.

Exports
(USD thousand)
Trade balance 2017
(USD thousand)
Quantity
exported in
2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%, p.a.)
Growth in
exported
quantity
between 2013-
2017 (%, p.a.)
Average tariff
(estimated) faced
by Barbados (%)
World 16228 14934 321738 Tons 50 -4 13
Guyana 11801 11801 235374 Tons 50 -1 19 0
Saint Kitts and Nevis 1402 1402 24288 Tons 58 99 128 0
Anguilla 829 829 15237 Tons 54
Saint Lucia 741 741 26291 Tons 28 17 50 0
Saint Vincent and the Grenadines 533 533 5879 Tons 91 2 4 0
Suriname 363 363 4872 Tons 75 -28 -23 0
Grenada 315 315 3004 Tons 105 -38 -34 0
Montserrat 200 200 6680 Tons 30 0
Bermuda 24 24 52 Tons 462 5
United States of America 18 -802 52 Tons 346 0
Turks and Caicos Islands 1 1 2 Tons 500
Jamaica 1 -134 5 Tons 200 0
List of importing markets for the product exported by Barbados in 2017
Importers

Guadalupe and Martinique
• On both island, each year cement production is between 450 and 600,000 tons. Cement
production in the first half of 2017 was 82,000 tons.
• On Guadeloupe ciment antillais operates a 0.600 MTA milling facility at Jarry, about 1 km from
the port of Point a Pitre. The company is largely owned by Lafarge although Vencemos also
has a sizeable stake in it.
• Ciments Antillais also is active on Martinique where its two mills at Fort-de-France are capable
of producing 0.35 MTA of cement. Its end-product can be easily transported to the nearby port.

Cement producers
Lafarge Ciments
Antilles
Guadeloupe Plant
Capacity:0.35Mt/yr -
Fives FCB
(Φ2.6mx13m)
Lafarge Ciments
Antilles- Martinique
Plant
Capacity:0.35Mt/yr -
Fives FCB
(Φ2.6mx13m)

Consumption & Imports
• The consumption of cement is constantly decreasing, 600 kg per inhabitant and per year (less
than 190,000 tonnes) to reach its lowest level in the last ten years.
• The main exporter of clinkers to Guadeloupe and Martinique has been Venezuela for several
years. However, we see emerging new players in the Western Hemisphere (Dominican
Republic, Colombia, Brazil) and Turkey.

Cement industry in Central America
• CA has experienced a positive but weakening economic growth trend for some time. The most
recent figures indicate this trend has continued in recent years.
• Biggest cement producers in the region are: Cemex, Holcim and Argos.

Mexico
• From 2008 to 2010, the industry only experienced negative growth rates due to the financial
crisis
• In 2015, the productive capacity for cement was 45 million tons, with an idle capacity of
15.7%.
• Consumption per capita is 307 kg/hab

Mexico
• The cement industry remained highly concentrated in the hands of just six companies : Cemex,
Grupo Cementos de Chihuahua, Cemento Moctezuma, Holcim-Apasco, Cruz Azul, and
Cementos Fortaleza.
• Cemex and Apasco dominate the Mexican market with an installed capacity of over 37 million
ton or 78% of the total production capacity

Cement producers
Capacity :
1Mt/yr (Est)
Capacity :
1 Dry -
1.5Mt/yr
1 Dry – 1.6Mt/yr
1 Dry -0.17Mt/yr
1 Dry - 1.2Mt/yr
1Mt/yr
1 Dry – 1 Mt/yr2 Dry - 2.2Mt/yr2 Dry - 2.2Mt/yr
1 Dry – 0.6
Mt/yr
1 Dry -
0.12Mt/yr
3 Wet -
0.45Mt/yr
3 dry – 2 Mt/yr
1 dry – 1Mt/yr
3 dry – 2 Mt/yr
Valles - 1 Mt/yr
Tumain-2 dry
– 1 Mt/yr

Cement producers
1 Dry – 1.6Mt/yr
2 Dry – 1.8 Mt/yr
1 Dry –
1.3Mt/yr
2 Dry – 2.5 Mt/yr
1Mt/yr (Est)1 Mt/yr
1 Mt/yr
2 Dry –
2.7 Mt/yr 3 dry – 2 Mt/yr
1Mt/yr
Huichapan: 2 Dry- 4.3
Mt/yr
Tula: 1 Dry – 0.60 Mt/yr
Barrientos:2 Dry -
1.4Mt/yr
Tepetzingo:2 Dry -
2.5Mt/yr
1 dry – 4.32
Mt/yr
1Mt/yr

Imports
(USD thousand)
thousand)
2017
Quantity unit
Unit value
(USD/unit)
Growth in imported
value between 2013-
2017 (%, p.a.)
between 2013-2017 (%, p.a.)
applied by Mexico (%)
World 20706 104411 93137 Tons 222 -10 -17
United States of America 13199 76602 76965 Tons 171 -16 -20 0
China 2221 -2221 8898 Tons 250 -1 13 0
Netherlands 2210 -2206 1909 Tons 1158 -5 -3 0
Croatia 1284 -1284 2626 Tons 489 0 7 0
Poland 859 -859 1116 Tons 770 202 280 0
Spain 520 -520 1220 Tons 426 22 26 0
France 184 -180 151 Tons 1219 5 4 0
United Kingdom 110 -110 120 Tons 917 30 40 0
Germany 32 -32 28 Tons 1143 -27 -32 0
Canada 25 -24 30 Tons 833 -25 -33 0
Belgium 17 -17 40 Tons 425 0
Luxembourg 16 -16 1 Tons 16000 0
Korea, Republic of 14 -14 4 Tons 3500 8 -23 0
Thailand 5 -5 24 Tons 208 0
Japan 5 -5 1 Tons 5000 0
Italy 2 -2 1 Tons 2000 0
Costa Rica 1 1640 0 Tons 0
Dominican Republic 1 14 0 Tons 0
Portugal 1 -1 1 Tons 1000 0 0
Belize 9392 0
Brazil 5785 0
Guatemala 5422 0
Peru 2660 0
Bermuda 1612 0
Cayman Islands 1362 0
Haiti 1159 0
Bahamas 1107 0
Jamaica 1077 0
Ecuador 924 0
Chile 820 0
Panama 755 0
El Salvador 439 0
Bolivia, Plurinational State of 286 0
Honduras 236 0
Nicaragua 161 0
Paraguay 140 0
Colombia 110 0
Cuba 57 0
Uruguay 54 0
Barbados 39 0
Argentina 26 0
Trinidad and Tobago 25 0
Guyana 4 0
List of supplying markets for the product imported by Mexico in 2017
Exporters

Exports
(USD thousand)
thousand)
2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%,
p.a.)
Growth in exported
2017 (%, p.a.)
faced by Mexico (%)
World 125117 104411 1334518 Tons 94 -11 -16
United States of America 89801 76602 955897 Tons 94 9 9 0
Belize 9392 9392 82911 Tons 113 15 7 8.1
Brazil 5785 5785 44734 Tons 129 -21 -27 3.2
Guatemala 5422 5422 78068 Tons 69 -10 -5 6.8
Peru 2660 2660 25473 Tons 104 -1 14 0
Costa Rica 1641 1640 12617 Tons 130 31 25 0
Bermuda 1612 1612 25088 Tons 64 5
Cayman Islands 1362 1362 23461 Tons 58 22
Haiti 1159 1159 20869 Tons 56 108 -13 7.2
Bahamas 1107 1107 19590 Tons 57 174 230 13.7
Jamaica 1077 1077 15057 Tons 72 51 61 27.7
Ecuador 924 924 6980 Tons 132 -67 -75 6.5
Chile 820 820 6742 Tons 122 -42 -48 0
Panama 755 755 5969 Tons 126 9 -1 7.9
El Salvador 439 439 3111 Tons 141 -6 -15 6.8
Bolivia, Plurinational State of 286 286 2122 Tons 135 0 -3 0
Honduras 236 236 1845 Tons 128 28 23 3
Nicaragua 161 161 1021 Tons 158 24 21 0
Paraguay 140 140 1072 Tons 131 9 3 4
Colombia 110 110 712 Tons 154 -55 -63 0
Cuba 57 57 100 Tons 570 -27 -31 0.9
Uruguay 54 54 384 Tons 141 0
Barbados 39 39 303 Tons 129 25 25 8.1
Argentina 26 26 54 Tons 481 -72 -82 3.2
Trinidad and Tobago 25 25 193 Tons 130 -25 -29 7
Dominican Republic 15 14 60 Tons 250 -55 -61 12.8
Guyana 4 4 28 Tons 143 -23 -29 8.1
France 4 -180 28 Tons 143 0
Netherlands 4 -2206 27 Tons 148 0
Canada 1 -24 1 Tons 1000 -13 -24 0
List of importing markets for the product exported by Mexico in 2017
Importers

Imports
Valueimported in
2017(USD
thousand)
Tradebalance2017
(USDthousand)
Quantity imported
in 2017
Quantity unit
Unit value
(USD/unit)
Growth in imported
valuebetween 2013-
2017(%,p.a.)
Growth in imported
quantity between 2013-2017
(%,p.a.)
Averagetariff(estimated)
applied by Belize(%)
World 13939 -13939 138471 Tons 101 0 -16
Mexico 9395 -9395 90188 Tons 104 10 -8 8.1
Guatemala 4295 -4295 46852 Tons 92 264 203 8.1
UnitedStates ofAmerica 140 -140 395 Tons 354 2 3 8.1
Honduras 95 -95 972 Tons 98 -2 -24 8.1
Germany 13 -13 61 Tons 213 6.2
ListofsupplyingmarketsfortheproductimportedbyBelizein2017
Product:2523Cement,incl.cementclinkers,whetherornotcoloured
Exporters
Select yourindicators
• Cement imports from Guatemala in the
first 6 months of 2017 grew by 144% in
value compared to the year-ago period.
• Most well known cement brands are:
Cemento Maya from Mexico, Cessa from
El Salvador or Bijao from Honduras

Nicaragua
• From 2001 to the end of 2016, approximately 6.3 million tons of cement has been produced in
the country, mainly focused on the domestic market. Nowadays production is 1.44 MTA
• The price of the 50 kg bag of cement in Nicaragua is US $ 13.
• Cemex company in Nicaragua owns 60% of the cement production and the remaining 40%
belongs to Holcim
• Total consumption per capita is 121 kg/inhab

Cement producers
Cemex-San Rafael del
Sur plant
Capacity: 5 wet- 06 Mt-
Yr
Cemex-Sandino
plant
Capacity: 0.44Mt/yr
Holcim Nicaragua
Naragote Plant
Capacity: 0.44Mt/yr

Imports
(USD thousand)
Trade balance 2017
(USD thousand)
2017
between 2013-2017 (%, p.a.)
between 2013-2017 (%, p.a.)
Average tariff (estimated) applied
by Nicaragua (%)
Total 40505 -37265 520809 Tons 78 10 7
Costa Rica 28483 -28483 370951 Tons 77 9 6 0
El Salvador 10719 -7479 130115 Tons 82 17 12 0
China 730 -730 12215 Tons 60 6.8
Turkey 264 -264 6001 Tons 44 6.8
Mexico 161 -161 1021 Tons 158 24 21 0
Guatemala 115 -115 447 Tons 257 14 -2 0
UnitedStates of America 32 -32 59 Tons 542 -48 -64 0
Thailand 6.8
List of supplyingmarkets for the product imported byNicaragua in 2017 (Mirror)
Exporters

Guatemala
• Guatemala count with 5 plants, with a capacity of 5.94Mta - including Cement Progresso’s new
San Gabriel plant (2.3Mta). Cementos Progresso dominates the industry, controlling 90% of
capacity.
• Since 2007 cement production in Guatemala has fluctuated between 3.30 million metric tons
and 2.80 million

Consumption
• Guatemala is Central America’s largest cement market, consuming 3.4Mt in 2016.
• Its growth potential is high: per capita consumption is 210kg.

Imports
(USD thousand)
thousand)
2017
Quantity unit
Unit value
(USD/unit)
Growth in imported
value between 2013-2017
(%, p.a.)
between 2013-2017 (%, p.a.)
applied by Guatemala (%)
World 30970 -19800 520094 Tons 60 15 35
Viet Nam 13444 -13444 295475 Tons 45 -42 35 6.8
Barbados 5003 -5003 33026 Tons 151 -14 -15 6.8
China 3555 -3555 70476 Tons 50 198 541 6.8
Peru 3128 -3128 58697 Tons 53 6.8
Mexico 2530 -2530 45274 Tons 56 28 61 6.8
Denmark 1437 -1437 7597 Tons 189 5.2
Spain 1030 -1030 5223 Tons 197 496 615 5.2
Honduras 352 5178 3237 Tons 109 105 1 0
United States of America 311 -311 603 Tons 516 -2 71 0
El Salvador 67 1079 77 Tons 870 42 -50 0
Germany 48 -48 196 Tons 245 5.2
Turkey 21 -21 134 Tons 157 6.8
France 21 -21 24 Tons 875 5.2
Belize 12 4305 45 Tons 267 -63 -70 6.8
Italy 8 -8 11 Tons 727 1 -4 5.2
Panama 1 4 0 Tons 1.3
Nicaragua 115 0
Haiti 40 6.8
Colombia 11 6.8
List of supplying markets for the product imported by Guatemala in 2017
Exporters

Exports
Value exported in 2017 (USD
thousand)
Trade balance 2017
(USD thousand)
Share in Guatemala's
exports (%)
Quantity
exported in 2017
between 2013-2017 (%, p.a.)
Growth in exported
quantity between 2013-2017
Guatemala (%)
World 11170 -19800 100 151250 Tons 74 29 46
Honduras 5530 5178 49.5 84597 Tons 65 31 56 0
Belize 4317 4305 38.6 56255 Tons 77 245 253 8.1
El Salvador 1146 1079 10.3 9612 Tons 119 -23 -23 0
Nicaragua 115 115 1 447 Tons 257 14 -2 0
Haiti 40 40 0.4 301 Tons 133 47 35 7.2
Colombia 11 11 0.1 7 Tons 1571 4.6
Costa Rica 5 4 0 6 Tons 833 -25 -41 0
Panama 5 4 0 25 Tons 200 -60 -48 8
List of importing markets for the product exported by Guatemala in 2017
Importers

El Salvador
• The cement industry in El Salvador is dominated by one producer, Holcim El Salvador, in which
the Swiss cement producer Holcim has a 90% stake.
• CEMEX LatAm commenced its cement operations in El Salvador in 2011 when it began
exporting cement to El Salvador. El Salvador's distribution center has a warehouse capacity of
250 metric tons. This commercial office mainly distributes cement produced in Mexico, Costa
Rica and Nicaragua.

Cement producers
Maya Plant- Holcim
Capacity: 1 Dry -
1.6Mt/yr
1,600 tons of clinker
per day
El Ronco Plant-
Holcim
Capacity: 1.7Mt/yr

Imports
(USD thousand)
Trade balance 2017
(USD thousand)
2017
Quantity unit
Unit value
(USD/unit)
Growth in imported value between
2013-2017 (%, p.a.)
Growth in imported quantity between
2013-2017 (%, p.a.)
Average tariff (estimated) applied by
El Salvador (%)
World 17738 -6630 155262 Tons 114 1 2
Honduras 8029 -7661 72815 Tons 110 8 8 0
Nicaragua 3240 7479 26406 Tons 123 461 223 0
Costa Rica 1977 -1974 15794 Tons 125 -26 -27 0
Turkey 1536 -1536 16845 Tons 91 6.8
Guatemala 1388 -1375 10111 Tons 137 -23 -21 0
Viet Nam 927 -927 10028 Tons 92 6.8
Mexico 561 -561 3113 Tons 180 -11 -15 6.8
United States of America 51 -51 23 Tons 2217 1 -11 0
China 22 -22 95 Tons 232 49 192 6.8
France 4 -4 29 Tons 138 5.1
Germany 3 -3 3 Tons 1000 5.1
Belize 5 6.8
List of supplying markets for the product imported by El Salvador in 2017
Exporters

Exports
(USD thousand)
Trade balance 2017
(USD thousand)
Quantity exported in 2017 Quantity unit
Unit value
(USD/unit)
Growth in exported
value between
2013-2017 (%, p.a.)
Growth in exported
quantity between
2013-2017 (%, p.a.)
Average tariff (estimated) faced by El
Salvador (%)
World 11108 -6630 137498 Tons 81 8 4
Nicaragua 10719 7479 130115 Tons 82 17 12 0
Honduras 368 -7661 7238 Tons 51 -33 -29 0
Guatemala 13 -1375 77 Tons 169 2 -50 0
Belize 5 5 47 Tons 106 -78 -80 8.1
Costa Rica 3 -1974 21 Tons 143 0
Germany -3 0
France -4 0
China -22 30
United States of America -51 0
Mexico -561 0
Viet Nam -927 32.7
Turkey -1536 1.7
List of importing markets for the product exported by El Salvador in 2017
Importers

Honduras
• The internal production of grey cement is 1.8 millions of tons per year, which means 41 millions
of bags with 42.5 kilograms.
• CENOSA covers 47% of internal demand and 53% Argos. With the opening of San Lorenzo
Mill Argos has now 60% in the Honduras market.
• The growth of the cement industry has been driven by high infrastructure needs, by a demand
for non-residential construction and by a housing deficit of 1,600,000 units
• Actual consumption per capita is 192 kg/inhab. The price varies between HNL186-188 in the
hardware stores of the capital and over HNL190 in other cities

Cement producers
Comayagua Plant-
Argos
Capacity: 1 Dry -
1Mt/yr.
Rio Blanquito Plant
– CENOSA
Capacity: 2 Dry -
2Mt/yr
Agalteca Cement-
Goldlake
Construct a 1.2MM
T/yr
CESUR-Argos
Capacity:0.3 MTA
San Lorenzo
Plant.
Capacity: 3mt/yr
grinding capcity
Choloma- Argos
Capacity: 0.44Mt/yr

Exports
Value exported in
2017 (USD
thousand)
Trade balance 2017
(USD thousand)
2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%, p.a.)
2013-2017 (%, p.a.)
Honduras (%)
Total 8476 -618 77024 Tons 110 -3 8
El Salvador 8029 7661 72815 Tons 110 8 8 0
Guatemala 352 -5178 3237 Tons 109 105 1 0
Belize 95 95 972 Tons 98 -2 -24 8.1
China -4 7.6
Mexico -236 0
Turkey -2827 1.7
List of importing markets for the product exported by Honduras in 2017 (Mirror)
Importers

Costa Rica
• In Costa Rica, the cement market is characterized by a duopolistic structure, with at least 98%
of the market held by two companies: Cemex and Holcim.
• At the end of 2018 there will be a new player - Cementos Forateleza and Plycem which
scheduled to inaugurate a cement plant in Barranca.
• Total cement production is 2.3 MTA
• In January 2017 the average price became ¢ 5.844

Cement producers
Cartago Plant--
Holcim
Capacity: 1 Dry -
1.45Mt/yr
Cartago Plant--
Holcim
Capacity: 1 Dry -
1.45Mt/yr

Imports
Value imported in
2017 (USD thousand)
thousand)
2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%,
p.a.)
between 2013-2017 (%, p.a.)
applied by Costa Rica (%)
World 6548 23792 53189 Tons 123 53 82
China 3779 -3779 37608 Tons 100 4.3
Mexico 2155 -2155 13434 Tons 160 24 29 0
Belgium 388 -388 2067 Tons 188 2 3 4.7
Area Nes 208 -208 10 Tons 20800
Italy 11 -11 48 Tons 229 -63 -61 4.7
Viet Nam 5 -5 21 Tons 238 6.3
Spain 2 -2 1 Tons 2000 4.7
United States of America 1 -1 0 Tons -64 0
Colombia 1 -1 0 Tons -54 6.3
Nicaragua 28483 0
El Salvador 1427 0
Panama 429 0.7
List of supplying markets for the product imported by Costa Rica in 2017
Exporters
• Costa Rica was a surplus but in 2016 imports
increased to 107,294 tons, which means a
growth of 930%. Almost 97% of this increase is
due to an increase in imports from China.
• The change in the import panorama changed
since the of Sinocem, today main importer of
cement of Chinese origin.

Exports
(USD thousand)
thousand)
2017
Growth in exported
value between 2013-2017
(%, p.a.)
Growth in exported quantity
between 2013-2017 (%, p.a.)
faced by Costa Rica (%)
World 30340 23792 390326 Tons 78 2 1
Nicaragua 28483 28483 370951 Tons 77 9 6 0
El Salvador 1427 1427 15868 Tons 90 -23 -27 0
Panama 429 429 3506 Tons 122 -49 -51 8
Colombia -1 2.7
Spain -2 0
Viet Nam -5 32.7
Italy -11 0
Area Nes -208
Belgium -388 0
Mexico -2155 0
China -3779 0
List of importing markets for the product exported by Costa Rica in 2017
Importers

Panama
• Cement production has remained stable with a slight rise of 0.65% year-on-year to 1.3Mt in
January to August 2017 period.
• Panama is in the process of importing cement, partly to offset the part of Cemex's own
production that is destined for large infrastructures (cemento titan from USA)
• Panamanian cement industry will continue to increase by construction of the expanded
Panama Canal, dams and other infrastructure projects.

Argos- Cemento
Panama
Capacity: 1,600,000
tons /yr
Cemex- Calzada
Larga Plant
Capacity: 1 Dry -
2.1Mt/yr
Cemento
Interoceanico
Capacity: 1,600,000
tons /yr
Cement Producers

Import
(USD thousand)
thousand)
2017
between 2013-2017 (%, p.a.)
between 2013-2017 (%, p.a.)
applied by Panama (%)
Total 4189 -4171 41880 Tons 100 -26
United States of America 1159 -1148 2623 Tons 442 -5 -9 8
Turkey 910 -910 15896 Tons 57 8
China 790 -790 13140 Tons 60 114 584 8
Mexico 755 -755 5969 Tons 126 9 -1 7.9
Costa Rica 429 -429 3506 Tons 122 -49 -51 8
Portugal 77 -77 653 Tons 118 -31 -27 8
Spain 40 -39 41 Tons 976 -68 -27 8
Italy 20 -20 22 Tons 909 8
Guatemala 5 -4 25 Tons 200 -60 -48 8
Colombia 3 -3 3 Tons 1000 -65 -77 7.8
Sweden 1 -1 2 Tons 500 8
Brazil 4 7.9
List of supplying markets for the product imported by Panama in 2017 (Mirror)
Exporters

Exports
(USD thousand)
thousand)
2017
between 2013-2017 (%, p.a.)
between 2013-2017 (%, p.a.)
Average tariff (estimated) faced
by Panama (%)
Total 18 -4171 50 Tons 360 80
United States of America 11 -1148 22 Tons 500 0
Brazil 4 4 27 Tons 148 2.9
Guatemala 1 -4 0 Tons 1.3
Spain 1 -39 0 Tons 0
Sweden -1 0
Colombia -3 4
Italy -20 0
Portugal -77 0
Costa Rica -429 0.7
Mexico -755 0
China -790 7.6
Turkey -910 1.7
List of importing markets for the product exported by Panama in 2017 (Mirror)
Importers

Cement Industry in South America
• The biggest cement producers in South America are Brazil, Colombia and Argentina.
• Together they were responsible for the production of 120 million of tonnes of cement in 2012.
• Main players in the region are Argos, Cemex, Holcim, Votorantim and Intercement.

Cement Industry in South America
Country Number of cement plants
Brazil 76
Mexico 35
Colombia 26
Argentina 18
Peru 8
Ecuador 5
Chile 6
Venezuela 10
Bolivia 10
Uruguay 4
Paraguay 3

Consumption
• Argentina: cement consumption grew in mid-single digits, recovered some of the lost ground of
2016.
• Brazil, cement consumption continued to deteriorate during 2017, with volumes declining in
mid-single digits.
• Chile: sluggish economic growth, housing demand declined and stagnant infrastructure
spending resulted in lacklustre cement consumption.
• Colombia, cement demand grew at low-single-digits during 2017, mainly supported by the start
of fourth generation highway development project.
• Peru, cement fundamentals remained strong following open-market policies that were
positives for the continuity of Peru's current economic momentum.

Colombia
• The production of gray cement between March 2016 - February 2017 experienced a negative
variation of 5.7%. From a production of 13.1 million tons to 12.4 million.
• The construction activity over the first half of 2017 has been negatively affected by a difficult
economic environment and rains.
• New cement capacity projects have been facing delays (Argos –Sogamoso 1.4Mta; Cemex
Maceo 0.75Mta)
• Cement consumption per capita is 266 kg/inhab.
• Nowadays the price of the bag of cement of 50 kg in Colombia is between US $ 7 and US $ 8

Colombia
• The grinding capacity estimated for 2020 is 9.5 million tons for Argos; 4.8 million for Cemex; 2
million for Holcim; 2,7, 1 million for Ultracem and 1.2 million for Corona.
• The production of clinker was 855,467 tons, for the month of October 2016, with an increase of
2.63% in relation to 852,953 tons, produced in the month of October 2013.
• During 2017 annual cement consumption in Colombia was 11, 98 MM (down from 12,8 in 2015).
• Argos has 42% of the market share and Cemex 29%.

Cement producers
Cementos San
Marcos
Capacity: 1.06Mt/yr
Argos Yumbo
Capacity: 4 Wet -
1.2Mt/yr
Cenex- Caracolito
Capacity: 2 Dry -
2.8Mt/yr
Ultracem
Capacity: 1Mt/yr
Argos- Barranquilla
Capacity: 5 Wet -
1Mt/yr
Cementos del
oriente
Capacity: 550000
tons
Cemento Vallenato
Capacity: 0.1Mt/yr
Argos-Tolu plant
Capacity: 2 Dry -
0.91Mt/yr
Argos Cartagena
Capacity: 3 Wet -
1.35Mt/yr
Argos El cairo plant
Capacity: 4 Wet -
0.35Mt/yr
Cemex- Maceo
Capacity: 1Mt/yr
Argos-Nare
Capacity: 0.21 Mt/yr
Argos-Rio Claro
Capacity: 2 Dry -
1.4Mt/yr

Cement producers
Holcim-Nobsa
Capacity: 1 Dry -
2.1Mt/yr
Cementos del
oriente-
sogamoso
Capacity: 150000
tons per year
Argos- Sogamoso
plant
Capacity: 1 Dry -
0.88Mt/yr
Cementos patriota
Capacity: 0.2Mt/yr
Cemex- cucuta plant
Capacity: 1 Dry -
0.45Mt/yr
Cemex- El Diamante
Capacity:0.11Mt/yr
Cemex-
Bucaramanga
Capacity: 2 Wet -
0.2Mt/yr

Imports
(USD thousand)
Trade balance 2016
(USD thousand)
Quantity imported in 2016 Quantity unit
Unit value
(USD/unit)
Growth in imported
value between 2012-
2016 (%, p.a.)
Growth in
imported quantity
between 2012-2016
(%, p.a.)
Average tariff
(estimated) applied by
Colombia (%)
World 197161 -189788 2728066 Tons 72 72 103
Free Zones 96253 -93786 1011290 Tons 95 1154 964
Turkey 33914 -33914 631740 Tons 54 731 5
Spain 30540 -30540 591041 Tons 52 86 121 1.5
Ecuador 11196 -11152 108256 Tons 103 29 39 0
South Korea 5804 -5804 147508 Tons 39 -21 4.2
Colombia 4080 -4080 43275 Tons 94 532
China 3829 -3829 52242 Tons 73 86 119 5
Venezuela 3280 -3280 63589 Tons 52 0
Germany 2634 -2634 15345 Tons 172 -20 -18 1.5
Mexico 2098 -2098 21892 Tons 96 -10 1 0
Portugal 2079 -2079 38117 Tons 55 -18 1.5
United Kingdom 346 -346 261 Tons 1326 6 7 1.5
Peru 332 -332 1932 Tons 172 -9 -3 0
France 161 -161 170 Tons 947 -12 -12 1.5
Canada 132 -132 59 Tons 2237 -4 -5 0
Egypt 111 -111 860 Tons 129 -14 -6 5
Brazil 104 -102 190 Tons 547 118 68 0
Belgium 21 -21 63 Tons 333 1.5
Côte d'Ivoire 18 42 35 Tons 514 5
Italy 7 -7 7 Tons 1000 1.5
Switzerland 2 -2 0 Tons 0
Panama 1 10 0 Tons 4
Dominican Republic 1 -1 0 Tons -84 5
Saint Lucia 3020 0.8
Saint Vincent and the Grenadines 1367 0.8
Trinidad and Tobago 192 0.8
Curaçao 157
Dominica 43 0.8
Hong Kong, China 4 5
Guatemala 3 4.6
Poland 1 1.5
Aruba 1 5
List of supplying markets for the product imported by Colombia in 2016
Exporters
.
Annual growth of cement
imports is 55%, and represent
more than 18% of the cement
currently consumed in
Colombia.

Exports
Value exported
in 2016 (USD
thousand)
Trade balance
2016 (USD
thousand)
2016
Quantity unit
Unit value
(USD/unit)
Growth in exported
value between 2012-
2016 (%, p.a.)
Growth in exported
quantity between
2012-2016 (%, p.a.)
faced by Colombia (%)
World 7373 -189788 82662 Tons 89 0 6
Saint Lucia 3020 3020 37471 Tons 81 222 61 8.1
Free Zones 2467 -93786 23908 Tons 103
Saint Vincent and the Grenadines 1367 1367 17575 Tons 78 49 50 6.8
Trinidad and Tobago 192 192 864 Tons 222 7 0 7
Curaçao 157 157 2501 Tons 63 -36 29
Côte d'Ivoire 60 42 100 Tons 600 17
Ecuador 44 -11152 163 Tons 270 -37 -45 0
Dominica 43 43 36 Tons 1194
Panama 11 10 17 Tons 647 -55 -74 7.8
Hong Kong, China 4 4 23 Tons 174 0
Guatemala 3 3 2 Tons 1500 -77 -84 6.8
Brazil 2 -102 0 Tons 0
Poland 1 1 0 Tons 0
Aruba 1 1 1 Tons 1000 -72 -87 1
Dominican Republic -1 12.8
Switzerland -2 0
Italy -7 0
Belgium -21 0
Egypt -111 0
Canada -132 0
France -161 0
Peru -332 0
List of importing markets for the product exported by Colombia in 2016
Importers

Venezuela
• The cement industry in Venezuela has had constant changes- 2008 nationalizations: National
Cement Factory, Vencemos, Cemento Andino, Venezuelan Cement Industry, Cemento Cerro
Azul and Cemento Socialista Corporation.
• The performance of four companies between 2011 and 2015 reflects that they only took
advantage of 52% of the installed capacity and three of them reflected important drops in
production: National Cement Factory, 67%; Andean Cement, 39% and Vencemos, 15%.

Venezuela
• By 2015 it had been reduced by 41%, to be placed at 6 million tons per year. In 2016 the
country’s cement production reached 1,227,101 tonnes, meaning a mere 15% of the total
projected production for 2016.
• Since 2012 cement production has been falling
• Venezuela’s cement industry is currently facing challenges such as a lack of equipment in the
quarries and obtaining raw materials such as gypsum.

Cement producers
Invecem- Tachira
Capacity: 2 Wet -
2.16Mt/yr
Cementos Catatumbo
Rosarito Plant
Capacity: 1 Dry -
0.75Mt/yr
Invercem- Trujillo
Capacity: 1 Dry -
0.8Mt/yr
FNC- Monay
plant
Capacity: 2 Dry -
2Mt/yr
FNC- Monay
plant
Capacity: 2 Dry -
2Mt/yr
FNC- Maracaibo
plant
Capacity: 4 Wet -
0.68Mt/yr
FNC- Maracaibo
plant
Capacity: 4 Wet -
0.68Mt/yr
Mini Cement Plant
Capacity:0.192Mt/y
r construction
Invecem-
Cumarebo plant
Capacity: 1 Dry -
0.9Mt/yr
Invecem-
Sebastian plant
Capacity: 1 Dry -
0.9Mt/yr
Corporacion socialista-
Cerro AzulPlant
Capacity:1 Dry - 1Mt/yr
FCN- ocumare
plant
Capacity: 2 Dry -
1.32Mt/yr
FCN-
Pertigaleteplant
Capacity: 2 Dry
& 5 Wet - 3Mt/yr

Imports
Value imported in
2017 (USD thousand)
Trade balance 2017
(USD thousand)
Quantity imported
in 2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%,
p.a.)
between 2013-2017 (%, p.a.)
applied by Venezuela,
Bolivarian Republic of (%)
Total 4869 10735 49183 Tons 99 -32
United States of America 3974 -3974 7183 Tons 553 27 -3 4
Spain 425 -425 39020 Tons 11 -50 -32 4
Netherlands 212 -212 888 Tons 239 4
China 190 -190 2000 Tons 95 75 118 4
United Kingdom 43 -43 14 Tons 3071 -5 0 4
Croatia 18 -18 24 Tons 750 4
Turkey 7 -7 54 Tons 130 -55 -57 4
Brazil 9246 0
France 4129 4
Suriname 1396 4
Haiti 813 4
Singapore 20 4
List of supplying markets for the product imported by Venezuela,
Exporters

Exports
(USD thousand)
Trade balance 2017
(USD thousand)
2017
Quantity
unit
Unit value
(USD/unit)
Growth in exported
value between 2013-
2017 (%, p.a.)
Growth in exported
2017 (%, p.a.)
faced by Venezuela,
Bolivarian Republic of (%)
Total 15604 10735 298150 Tons 52 2
Brazil 9246 9246 220137 Tons 42 0
France 4129 4129 50653 Tons 82 -67 -27 1.7
Suriname 1396 1396 17296 Tons 81 14
Haiti 813 813 10014 Tons 81 7.2
Singapore 20 20 50 Tons 400 0
Turkey -7 1.7
Croatia -18 1.7
United Kingdom -43 1.7
China -190 7.6
Netherlands -212 1.7
Spain -425 1.7
Sri Lanka 0
Philippines 2.1
Nepal 24.7
List of importing markets for the product exported by Venezuela, Bolivarian Republic of
in 2017 (Mirror)Product: 2523 Cement, incl. cement clinkers, whether or not coloured
Importers

French Guyana
• For twenty-four years, Ciments Guyanese have had only plant producing cement in the territory
• A change of main shareholder occurred in 2014 (the Colombian Argos replacing the French
Lafarge
• Nowadays the site is currently turning to less than 40% of its capacity, due to lack of orders.
• Bulk cargo and 25 kilo bags are produced.
• French Guiana consumes 433k/y of cement per capita

Cement producers
Argos
Capacity:0.1Mt/yr

Imports& Exports
• French Guyana imported in 2016 Portland cement (excl. white) , worth US$ 30,308.12 million.
• In 2014, the port received 73,000 tonnes of clinker and 4,500 tonnes of gypsum for the
production of Guyanese cement.
• In the first quarter of 2016, the exports grew by 47.6% year-on-year, 87 000 tonnes of cement
marketed (- 10%).

Cement producers
TCL- Caricom Cement
Capacity:0.5Mt/yr

Imports
Value imported in
2017 (USD thousand)
Trade balance 2017
(USD thousand)
Quantity
imported in 2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%, p.a.)
Growth in imported
2017 (%, p.a.)
Guyana (%)
Total 12718 -12718 245256 Tons 52 -2 1
Barbados 11801 -11801 235374 Tons 50 -1 19 0
Jamaica 473 -473 6563 Tons 72 -48 0
Colombia 155 -155 2499 Tons 62 8.1
China 26 -26 39 Tons 667 8.1
Mexico 4 -4 28 Tons 143 -23 -29 8.1
Thailand 8.1
Turkey 8.1
List of supplying markets for the product imported by Guyana in 2017 (Mirror)
Exporters

Suriname
• In Suriname, there is one cement producing company named Argos, also known as Vensur.
• Vensur was established in 1965 as a joint venture between Kersten and Venezolana de
Cementos.
• Besides producing cement, cement is also imported from the neighbouring countries.
• Cement producing annual capacity is 60,000 tonnes.
• Consumption of cement is 417 kilos per person per year.

Cement producers
Argos-Vensur
Capacity:60,000 tonnes

Imports
Value imported in
2017 (USD thousand)
thousand)
Quantity imported
in 2017
Quantity unit
Unit value
(USD/unit)
Growth in imported
value between 2013-
2017 (%, p.a.)
between 2013-2017 (%, p.a.)
applied by Guyana (%)
Total 12718 -12718 245256 Tons 52 -2 1
Barbados 11801 -11801 235374 Tons 50 -1 19 0
Jamaica 473 -473 6563 Tons 72 -48 0
United States of
America 259 -259 753 Tons 344 -22 -39 8.1
Colombia 155 -155 2499 Tons 62 8.1
China 26 -26 39 Tons 667 8.1
Mexico 4 -4 28 Tons 143 -23 -29 8.1
List of supplying markets for the product imported by Guyana in 2017 (Mirror)
Exporters
• TCL export cement from
Trinidad throught its agent
Rudisa.
• Argos import clinker and cement
from Colombia

Exports
Value exported in
2017 (USD
thousand)
thousand)
2017
Quantity unit
Unit value
(USD/unit)
Growth in exported
value between 2013-
2017 (%, p.a.)
Growth in exported
quantity between
2013-2017 (%, p.a.)
faced by Suriname (%)
World 550 -13018 4406 Tons 125 268
Jamaica 242 -922 2200 Tons 110 0
Saint Kitts and Nevis 208 208 1502 Tons 138 0
Montserrat 79 79 595 Tons 133 0
France 18 18 109 Tons 165 0
Curaçao 2 2 0 Tons
Italy -2 0
Spain -10 0
Brazil -11 4
China -13 7.6
Belgium -17 0
Netherlands -32 0
British Virgin Islands -475
Barbados -484 0
Turkey -976 1.7
List of importing markets for the product exported by Suriname in 2017
Importers

Ecuador
• Due to the merge of Holcim and Lafarge. Lafarge had to sell its company in Ecuador to
UNACEM. The third big company sharing the market with Holcim and UNACEM Ecuador is the
state-owned UCEM.
• There might be another Peruvian player, Grupo Gloria- Cementos Yura, new clinker plant
• Holcim Ecuador introduced a new production line of clinker in the second phase of
modernization of their plant in Guayaquil ($400 million).
• In the 1Q16 cement sales continued to fall by 19.7 per cent, to 1.14Mt compared to 1.42Mt in
1Q15. Consumption per capita is 359 kg per inhabitant.

Cement producers
Holcim- Guayaquil
Capacity:1.4Mt/yr
UCEM-Chimborazo
Capacity:2 Dry - 0.33Mt/yr
UNACEM- Otavalo plant
Capacity:1.4Mt/yr
UCEM- Guapan plant
Capacity:1 Wet -
0.45Mt/yr
HORMICRETO-Cuenca
plant
Capacity:0.33Mt/yr

Imports
(USD thousand)
thousand)
2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%,
p.a.)
between 2013-2017 (%, p.a.)
applied by Ecuador (%)
World 5322 -15 0 No quantity -57
Peru 2143 -2098 34879 Tons 61 28 64 0
Mexico 1158 -1158 7109 Tons 163 -68 -75 6.5
Germany 1138 -1138 6598 Tons 172 -23 -18 5.1
Belgium 379 -379 2421 Tons 157 28 37 5.1
Turkey 366 -366 2368 Tons 155 6.8
Korea, Republic of 44 -44 104 Tons 423 -86 -81 6.8
France 38 -38 51 Tons 745 2 24 5.1
Italy 10 -10 25 Tons 400 -2 6 5.1
Colombia 8 5254 2 Tons 4000 -80 -91 0
Spain 8 -8 0 No quantity 5 5.1
Hong Kong, China 4 -4 27 Tons 148 6.8
List of supplying markets for the product imported by Ecuador in 2017
Exporters

Exports
(USD thousand)
Trade balance 2017
(USD thousand)
2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%,
p.a.)
between 2013-2017 (%, p.a.)
Average tariff
Ecuador (%)
World 5307 -15 47615 Tons 111 -15 -14
Colombia 5262 5254 47335 Tons 111 -15 -14 0
Peru 45 -2098 280 Tons 161 0
Hong Kong, China -4 0
Spain -8 0
Italy -10 0
France -38 0
Korea, Republic of -44 5.1
Turkey -366 1.7
Belgium -379 0
Germany -1138 0
Mexico -1158 0
List of importing markets for the product exported by Ecuador in 2017
Importers

Peru
• In 2016 cement production was 10.094 MT. In 2017 cement production decreased 1.1 percent to
9.98 MT.
• The country has 3 producers :UNACEM 49%, Cementos Pacasmayo 43 % and Grupo Gloria
8%
• Cementos Pacasmayo increased production at Piura plant since mid-2015.
• Gloria Group purchased Cementos Otorongo.
• A project to build a cement plant in the south, (Votorantim [and Cemex) was reported as having
gained government approval .
• On the financial side, UNACEM’s income fell by 4% to US$573m in 2016

Cement producers
Unacem- Atocongo
Plant
Capacity:2 Dry - 4.8Mt/yr
Cementos Inka
Capacity:65,000
Cementos
pacasmayo
Capacity:2 Dry -
1.325Mt/yr
Cementos
pacasmayo- Piura
Capacity:1.6Mt/yr
Cementos
pacasmayo- Piura
Capacity:0.28Mt/yr (4
x vertical kilns)
UNACEM-
Condorcocha Plant
Capacity:4 Dry -
1.96Mt/yr
CEMENTO YURA
Capacity:2 Dry -
2Mt/yr
CEMENTO SUR-
Coracoto Plant
Capacity:2 Wet -
0.33Mt/yr

Imports
• Vietnam accounted 84% of cement imports, with an additional 12% being shipped from China
and 3% from Mexico. South Korea was the largest clinker importer with an import share of 82%,
Japan 17% and Vietnam 1%. In 2017 Peru imported 0.525 MT of clinker.

Exports
Value exported in
2017 (USD thousand)
Trade balance 2017
(USD thousand)
Quantity
exported in 2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%, p.a.)
between 2013-2017 (%, p.a.)
faced by Peru (%)
World 51809 -15736 905438 Tons 57 19 29
Bolivia, Plurinational State of 25048 25048 254627 Tons 98 10 7 0
Chile 20111 19905 491168 Tons 41 59 93 0
Argentina 3081 3081 96109 Tons 32 0
Guatemala 2707 2706 57748 Tons 47 6.8
Ecuador 505 505 3003 Tons 168 -3 0 0
Colombia 193 -817 1232 Tons 157 -18 -16 0
Free Zones 163 163 1534 Tons 106 51 62
Brazil 2 -38 17 Tons 118 -94 0
List of importing markets for the product exported by Peru in 2017
Importers

Bolivia
• In 2016 Bolivia s cement production reached 2.6 million tons between January and September
of that year.
• Cement producers are: Itacamba, Coboce, Soboce, Fancesa,
• Average annual sales growth at 7.72% from 1998 to 2016. In 2016 sales reached 3.7Mt.
• Cement consumption per capita is 386 kg per inhabittant.

Cement producers
Empresa Minera
Industrial -Oruro
Capacity:2 Dry -
0.12Mt/yr
Coboce- Irpa plant
Capacity:1 Dry -
0.3Mt/yr
Fancesa
Capacity:1 Dry -
2Mt/yr
Fancesa
Capacity:0.2Mt/yr
Itacamba-Votorantim
Capacity:200.000 tons

Imports
(USD thousand)
Trade balance 2017
(USD thousand)
Quantity
exported in 2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%, p.a.)
between 2013-2017 (%, p.a.)
by Peru (%)
World 51809 -15736 905438 Tons 57 19 29
Bolivia, Plurinational State of 25048 25048 254627 Tons 98 10 7 0
Chile 20111 19905 491168 Tons 41 59 93 0
Argentina 3081 3081 96109 Tons 32 0
Guatemala 2707 2706 57748 Tons 47 6.8
Ecuador 505 505 3003 Tons 168 -3 0 0
Colombia 193 -817 1232 Tons 157 -18 -16 0
Free Zones 163 163 1534 Tons 106 51 62
Brazil 2 -38 17 Tons 118 -94 0
List of importing markets for the product exported by Peru in 2017
Importers

Exports
(USD thousand)
Trade balance 2017 (USD thousand) Quantity exported in 2017 Quantity unit Unit value (USD/unit)
Growth in exported value between
2013-2017 (%, p.a.)
between 2013-2017 (%, p.a.)
Bolivia, Plurinational State of (%)
Total 2456 -27249 26844 Tons 91 57
Paraguay 2455 2455 26844 Tons 91 0
Argentina 1 -252 0 Tons 0
China -4 7.6
Turkey -8 0
Chile -112 0
Mexico -286 0
Brazil -3976 0
Peru -25048 0
List of importing markets for the product exported by Bolivia, Plurinational State of in 2017 (Mirror)
Importers

Paraguay
• Domestic production cannot meet current demand for cement and concrete manufacturing
• The INC retains 80 percent of the market through legal anti-dumping protection that obstructs
the import of the product, but the company does not supply the totality of the domestic market.
• It has a current capacity to produce approximately 550,000 tons of cement per year, or the
equivalent of 11,000,000 bags per year.
• Cement demand ranges between 80,000 and 100,000 bags per day, while the INC has a
maximum capacity of around 50,000 bags / day.
• In the year of 2017 the cement cost only G. 35,000 the bag. Cement consumption per capita is
217 kg per inhabitant

Cement producers
INC-Villeta plant
Capacity:0.7 Mt/yr
INC.-Vallemi plant
Capacity:0.7 Mt/yr
Colacem
Capacity:1.5Mta
INC.-Vallemi plant
Capacity:3 Dry -
0.7Mt/yr

Brazil
• Brazil is the fifth largest cement producer in the world with installed capacity of about 100 million
tons per year and a cement production 57 million tons in 2016.
• 23 industrial groups composed the cement industry in Brazil.

Consumption
• For the first two months of 2018, domestic sales reached 8.197Mt, largely stable when
compared with 8.228Mt sold in 2M17.
• On the other hand, cement prices recorded at US$127/t, half the 2011 peak of US$253.
• The industry is now looking to the government to implement extensive infrastructure and
housing programmes.
• Brazil per capita consumption is 319 kg per inhabitant.

Imports
(USD thousand)
thousand)
Quantity imported
in 2017
between 2013-2017 (%, p.a.)
between 2013-2017 (%, p.a.)
Average tariff (estimated) applied
by Brazil (%)
World 48144 -36757 736475 Tons 65 -33 -32
Turkey 12847 -12847 288349 Tons 45 -17 -3 4
Venezuela, Bolivarian Republic of 9246 -9246 220137 Tons 42 0
Mexico 6031 -6031 42922 Tons 141 -23 -27 3.2
Spain 4924 -4924 85069 Tons 58 -45 -43 4
France 4112 -4090 5748 Tons 715 -12 -23 4
Denmark 3288 -3288 34901 Tons 94 105 388 4
United Kingdom 1662 -1662 1802 Tons 922 82 95 4
Netherlands 1547 -1547 1491 Tons 1038 32 29 4
Portugal 1170 -1170 22579 Tons 52 -69 -69 4
China 651 -651 1945 Tons 335 -61 -80 4
United Arab Emirates 475 -475 4645 Tons 102 4
Croatia 378 -378 15064 Tons 25 -10 0 4
Egypt 354 -354 3667 Tons 97 -35 -32 4
Uruguay 301 -290 3584 Tons 84 -20 -14 0
Germany 253 -253 905 Tons 280 3 4 4
South Africa 216 -216 246 Tons 878 -12 -10 4
Canada 134 -134 45 Tons 2978 -15 -16 4
Belgium 115 -115 798 Tons 144 -56 -59 4
Poland 24 -24 26 Tons 923 1 4
Japan 23 -23 31 Tons 742 4
Korea, Republic of 13 -13 23 Tons 565 4
Chile 12 28 16 Tons 750 43 68 0
Italy 11 -11 11 Tons 1000 -10 -15 4
Panama 4 -4 27 Tons 148 2.9
Argentina 1 40 0 Tons -55 0
Paraguay 6086 0
Bolivia, Plurinational State of 3976 0
Colombia 725 0
Haiti 439 4
Peru 36 0
List of supplying markets for the product imported by Brazil in 2017
Exporters

Exports
(USD thousand)
thousand)
Quantity exported in 2017 Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%, p.a.)
2013-2017 (%, p.a.)
by Brazil (%)
World 11387 -36757 139333 Tons 82 6 7
Paraguay 6086 6086 86114 Tons 71 56 76 0
Bolivia, Plurinational State of 3976 3976 38649 Tons 103 -12 -18 0
Colombia 725 725 6343 Tons 114 -8 7 0
Haiti 439 439 7989 Tons 55 7.2
Argentina 41 40 65 Tons 631 -23 -18 0
Chile 40 28 48 Tons 833 -57 -33 0
Peru 36 36 48 Tons 750 -17 -22 0
France 22 -4090 51 Tons 431 1.7
Uruguay 11 -290 14 Tons 786 7 -3 0
List of importing markets for the product exported by Brazil in 2017
Importers

Uruguay
• In Uruguay, the cement producing companies are: Cementos del Plata SA (Administración
Nacional de Combustibles, Alcohol, y Portland, 99.25%) Cementos Artigas (Votorantim
Cimentos, 51%, Cementos Molins S.A., 49%) and Compañía Nacional de Cementos SA.
• From 2015 onwards there is a fall in cement market sales, as well as a contraction in
construction activity. On the second quarter of 2017, cement sales amounted to 187.2 thousand
tons.
• Cement consumption per capita is 222 kg per inhabitant.

Cement producers
ANCAP- Paysandu
Plant
Capacity:2 Dry -
0.31Mt/yr
Cementos Molins /
ANCAP/ Votorantim
Cementos
Capacity: 0.75Mt/yr
Cementos Artigas-
Verdum
Capacity:1 Dry -
0.5Mt/yrANCAP- Minas
Plant
Capacity:1 Dry -
0.5Mt/yr

Imports
Value imported in 2017 (USD
thousand)
thousand)
Share in Uruguay's
imports (%)
2017
Quantity unit
Unit value
(USD/unit)
Growth in imported
value between 2013-
2017 (%, p.a.)
Growth in imported
2017 (%, p.a.)
Uruguay (%)
World 2346 11355 100 26640 Tons 88 -19 -24
Turkey 1892 -1892 80.6 25517 Tons 74 72 84 4
Argentina 209 8394 8.9 124 Tons 1685 -6 -18 0
Germany 82 -82 3.5 178 Tons 461 4
Mexico 63 -63 2.7 384 Tons 164 0
EuropeanUnionNes 51 -51 2.2 242 Tons 211
France 21 -21 0.9 22 Tons 955 48 12 4
Brazil 14 379 0.6 14 Tons 1000 9 -8 0
Portugal 12 -12 0.5 82 Tons 146 -4 6 4
Spain 4 -4 0.2 78 Tons 51 -73 -70 4
List of supplying markets for the product imported by Uruguay in 2017
Exporters
• Cement imports between 2010 and 2017
amounted to $ 194,625, equivalent to
1,165 tons
• ANCAP has criticised imports of cement
produced in Turkey by Cementos Charrua.
Cement is allegedly imported from Turkey
and then it is repackaged in bags with the
Uruguayan brand for resale.

Exports
Valueexported in 2017(USD
thousand)
Tradebalance2017(USD
thousand)
2017
Quantity
unit
Unit value(USD/unit)
between 2013-2017(%,p.a.)
between 2013-2017(%,p.a.)
Averagetariff (estimated) faced by
Uruguay (%)
World 13701 11355 155506 Tons 88 91 101
Argentina 8603 8394 99828 Tons 86 151 122 0
Paraguay 4705 4705 51338 Tons 92 61 0
Brazil 393 379 4340 Tons 91 -13 -8 0
List ofimportingmarkets forthe product exported byUruguayin 2017
Product:2523Cement, incl. cement clinkers, whether or not coloured
Importers

Argentina
• Argentina is one of the largest markets in Latin America, with approximately 10.8 million tons
consumed in 2016.
• According to AFCP, the operative installed capacity of the cement industry in Argentina in 2016
was 15.3 million tons.
• In the January-March period, Argentina’s cement demand increased 13.3 per cent YoY to
3.059Mt from 2.7Mt reported in the year-ago period.
• Total consumption per capita is 286 kg per inhabitant.

Cement producers – Market Share
• Total production from domestic producers rose 4.7 per cent YoY to 1,080,577t from 1,032,090t in
March 2017 and by 18 per cent MoM from 916,029t. Of this total, 6746t was exported in March
2018, a 4.3 per cent increase YoY from 6470t but a 10.2 per cent fall MoM from 7516t.

Cement producers
Petroquímica Pico
Truncado
Capacity:1 Dry -
0.45Mt/yr
Intercement -
Sierras Bayas
Capacity:2 Dry -
1Mt/yr
Intercement- Barker
Plant
Capacity:2 Dry -
1.6Mt/yr
INTERCEMENT-
Zapala Plant
Capacity1 Dry -
0.4Mt/yr
Holcim -Mendoza
Capacity:1 Dry -
0.66Mt/yr
Artigas- Minas
Plant
Capacity:1Mt/yr
Intercement-
Rivadavia Plant
Capacity:1 Dry -
0.2Mt/yr
Intercement -
Catamarca
Capacity:1.8Mt/yr
Holcim Puesto viejo
plant
Capacity:1 Dry -
1Mt/yr
Petroquimica
Comodoro
Capacity:3 Wet -
0.44Mt/yr
Cementos Avellaneda-
San Jacinto- Olavarria
Capacity:2 Dry -
2.1Mt/yr, 2 Dry - 3Mt/yr

Exports
Value exported in
2017 (USD thousand)
Trade balance 2017
(USD thousand)
Share in Argentina's
exports(%)
Quantity exported
in 2017
between 2013-2017 (%, p.a.)
2013-2017 (%, p.a.)
by Argentina (%)
World 6311 -26538 100 79123 Tons 80 -29 -25
Chile 5847 5607 92.6 77018 Tons 76 -8 -8 0
Bolivia, Plurinational State of 253 252 4 1963 Tons 129 -30 -35 0
Uruguay 203 -9821 3.2 122 Tons 1664 -7 -20 0
Paraguay 8 8 0.1 6 Tons 1333 -87 -92 0
List ofimportingmarkets for the product exported byArgentina in 2017
Product:2523 Cement, incl. cement clinkers, whether or not coloured
Importers

Chile
• Historically cement industry in Chile has been representend by three actors: Cementos Bío Bío,
Polpaico and Melón (which had been acquired by Lafarge).
• Lowest sales growth in the last three years: sales industry rose only 3.7% in the first half of
2016 , totaling $ 339,826 million.
• The domestic market has been affected by lower rates of economic growth in recent years,
implying a stagnation in investment in real estate and the construction.

Cement producers
Cemento Bio Bio
Talcahuano Plant
Capacity: 2 Dry -
1.05Mt/yr
Cemento Bio Bio
Capacity: 4 Dry -
0.73Mt/yr
Cemento Bio Bio -
Curicó plant
Capacity: 1 Dry -
1.7Mt/yr
Cemento Melón -
La Calera plant
Capacity: 2 Dry -
0.85Mt/yr
Cementos San
Juan
Capacity0.3Mt/yr

Consumption
• Consumption per cement factory in Chile is reaching the levels prior to the economic crisis of
2008.
• Considering that the average price of cement in Chile reaches US $ 125 per ton, the expense
per trip in the country to 2011 was US $ 37.5.
• Average price of cement in Chile reaches US $ 125 per ton

Imports
(USD thousand)
Trade balance 2017
(USD thousand)
2017
Quantity unit
Unit value
(USD/unit)
between 2013-2017 (%,
p.a.)
between 2013-2017 (%, p.a.)
Chile (%)
World 106937 -106212 1927714 Tons 55 -7 1
Thailand 31062 -31062 503393 Tons 62 1.6
Korea, Republic of 30011 -30011 677038 Tons 44 -14 -7 0
Peru 28090 -27925 439054 Tons 64 63 113 0
China 4425 -4425 89851 Tons 49 58 73 4.2
Japan 4105 -4105 97556 Tons 42 75 -13 1.6
Viet Nam 2415 -2415 55189 Tons 44 -49 -40 2.4
Indonesia 2284 -2284 46200 Tons 49 6
France 1253 -1253 1332 Tons 941 10 10 0
Mexico 1100 -1100 6825 Tons 161 -41 -43 0
Argentina 771 -605 6284 Tons 123 -32 -33 0
Spain 441 -441 805 Tons 548 20 18 0
Germany 368 -368 2206 Tons 167 121 309 0
Turkey 117 -117 670 Tons 175 197 0
Belgium 99 -99 542 Tons 183 30 34 0
Egypt 58 -58 373 Tons 155 6
List of supplying markets for the product imported by Chile in 2017
Exporters

Exports
(USD thousand)
Trade balance 2017(USD
thousand)
Quantity exported
in 2017
between 2013-2017(%,p.a.)
between 2013-2017(%,p.a.)
Average tariff
World 725 -106212 9387 Tons 77 -11 -3
Paraguay 277 277 3698 Tons 75 -24 -17 0
Argentina 166 -605 2307 Tons 72 82 354 0
Peru 165 -27925 2327 Tons 71 166 423 0
Bolivia, Plurinational State of 112 112 1053 Tons 106 -12 -23 0
Cuba 3 3 2 Tons 1500 13 4 0.7
List ofimportingmarkets for the product exported byChile in 2017
Product:2523Cement, incl. cement clinkers, whether or not coloured
Importers

Potential markets - Import of clinker and Cement
compared to the world

Potential markets - Import of clinker and Cement
compared to the Region L.A
Total Unit Value

Potential markets - Import of clinker and Cement Latin
America
Brazil
 Importers of cement and
clinker: Harbor do Brasil
Imports, Cimeton
Portland Perus, Cimento
No Brasil, Votorantim,
Holcim, Intercement
Haiti
clinker:Cemex, GB Group,
Gardère S.A, Lapierre S.A
Cement, Ibo Kinkay.
Colombia
 Importers of cement
and clinker: Atlas,
Selvalegre,
Chimborazo, Tulipan
and San Pio S.A
Nicaragua
 Importers of cement and clinker:
Probacons S.A, COIDSA,
CEICO, Importadora Saravia
Espinoza, CONSOVIPE
Peru
clinker:Latinamerican
trading, Cemento Inca,
Cemento Selva, Cemento
Andino.
Importers of cement and
clinker: Cemento Super Titan,
Cementos Transex
Chile

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