Displaying items by tag: French Guiana
French Guiana: 27 of 30 workers at Ciments Guyainais’ Rémire-Montjoly grinding plant in Cayenne went on strike on 12 June 2023. The strikers advised management that they launched strike action because the current direction of the company is ‘disastrous.’ They have requested that senior representatives of parent company Grupo Argos attend a meeting with them.
Portail des Outre-mer News has reported that Ciments Guyainais holds a 100% market share in French Guiana. It supplied 107,000t of cement to customers in 2022, up by 8.6% year-on-year from 98,500t in 2021.
Cementos Argos supplies European Space Agency project at Kourou
29 November 2018French Guiana: Cementos Argos is supplying around 54,500t of cement for the Ariane 6 launch pad at the European Space Agency’s spaceport at Kourou. The Colombian cement producer is a strategic supplier for the project and it has been supporting Eiffage, the main contractor. The new launch pad is 90% complete and it is expected to be finished in 2019. The first launch is scheduled for 2020.
Cementos Argos is supplying three different types of cement for the project: a road binder, a soil stabiliser and a sulphate-resistant product. These will be used to build the launch platform, including a mobile base with a height of 90m, the assembly building for the rockets and other structural work.
French Guiana: Colombia’s Cementos Argos plans to supply 21,000t of cement for a launch pad for the Ariane 6 launcher being built by the European Space Agency. Argos is providing three difference types of cement for the project that is scheduled for completion in 2018 and inauguration in 2020. The project has a budget of Euro600m and around 800 personnel are working on the construction site.
French Guiana: Colombia's Cementos Argos has signed an agreement with the French multinational cement giant Lafarge to acquire assets in French Guiana for Euro50m. The purchase is coherent with Cementos Argos' objective of consolidating its operational and logistical cement network and with its expansion strategy, which has recently incorporated assets in the United States and Honduras.
Subject to approvals, Cementos Argos has acquired 100% of the company Ciments Guyanais, which is owned equally by France's Lafarge and Switzerland's Holcim. As such the announced deal represents the first sale of Lafarge, Holcim or Lafarge-Holcim joint venture cement assets since the announcement of the intended mega-merger between Lafarge and Holcim to form LafargeHolcim. The assets included in the purchase are a 0.2Mt/yr clinker grinding station and a port, both located in Dégrad des Cannes, close to the capital, Cayenne. They generate earnings before interest, tax, depreciation and amortization (EBITDA) of approximately Euro8.1m/yr.
"This new acquisition in French Guiana nicely complements our current network of assets in the region, especially given its proximity to our grinding facilities in Suriname and our cement terminals in the Antilles," said Jorge Mario Velásquez, CEO of Cementos Argos. "This overseas department of France has cement consumption per capita of 433kg/capita/yr, which is almost twice as much as the average in Latin America. Also, the assets are well aligned with the operations that were recently acquired in the United States and our assets in the Caribbean and Colombia."
The transaction is subject to the usual regulatory procedures.