building a STRONGER foundation - Cemex
building a STRONGER foundation - Cemex
building a STRONGER foundation - Cemex
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Our Operations in Nicaragua<br />
Overview. As of December 31, 2010, we owned 100% of CEMEX Nicaragua, S.A., or CEMEX Nicaragua, our operating<br />
subsidiary in Nicaragua. As of that date, CEMEX Nicaragua leased and operated one cement plant with an installed capacity of<br />
0.6 million tons. Since March 2003, CEMEX Nicaragua has also leased a 100,000 ton milling plant in Managua, which has been used<br />
exclusively for petcoke milling.<br />
The Cement Industry in Nicaragua. According to our estimates, approximately 0.6 million tons of cement, approximately<br />
103 thousand cubic meters of ready-mix concrete and approximately 3.5 million tons of aggregates were sold in Nicaragua during<br />
2010.<br />
Competition. Two market participants compete in the Nicaraguan cement industry: CEMEX Nicaragua and Holcim (Nicaragua)<br />
S.A.<br />
Description of Properties, Plants and Equipment. As of December 31, 2010, we operated one fixed ready-mix concrete plant<br />
and three mobile plants, three aggregates quarries and one distribution center in Nicaragua.<br />
Capital Expenditures. We made capital expenditures of approximately U.S.$4 million in 2008, U.S.$0.7 million in 2009 and<br />
U.S.$5 million in 2010 in our operations in Nicaragua. We currently expect to make capital expenditures of approximately U.S.$3<br />
million in our operations in Nicaragua during 2011.<br />
Our Operations in Puerto Rico<br />
Overview. As of December 31, 2010, we owned 100% of CEMEX de Puerto Rico, Inc., or CEMEX Puerto Rico, our main<br />
subsidiary in Puerto Rico. As of December 31, 2010, CEMEX Puerto Rico operated one cement plant, with an installed cement<br />
capacity of approximately 1.2 million tons per year. As of that date, CEMEX Puerto Rico also owned and operated 11 ready-mix<br />
concrete plants, one aggregates quarry and two land distribution centers.<br />
The Cement Industry in Puerto Rico. In 2010, cement consumption in Puerto Rico reached 0.8 million tons.<br />
Competition. The cement industry in Puerto Rico in 2010 was comprised of two cement producers: CEMEX Puerto Rico, and<br />
San Juan Cement Co., an affiliate of Italcementi, and Antilles Cement Co., an independent importer.<br />
Capital Expenditures. We made capital expenditures of approximately U.S.$5 million in 2008, U.S.$0.9 million in 2009 and<br />
U.S.$2 million in 2010 in our operations in Puerto Rico. We currently expect to make capital expenditures of approximately U.S.$7<br />
million in our operations in Puerto Rico during 2011.<br />
Our Operations in Guatemala<br />
Overview. In January 2006, we acquired a 51% equity interest in a cement grinding mill facility in Guatemala for approximately<br />
U.S.$17 million. As of December 31, 2010, the cement grinding mill had an installed capacity of 500,000 tons per year. In addition,<br />
we also owned and operated three land distribution centers and a clinker silo close to a maritime terminal in the City of Guatemala, as<br />
well as four owned ready-mix plants and one rented ready-mix plant.<br />
Capital Expenditures. We made capital expenditures of approximately U.S.$4 million in 2008, U.S.$0.4 million in 2009 and<br />
U.S.$2 million in 2010 in Guatemala, and we currently expect to make capital expenditures of approximately U.S.$1 million in<br />
Guatemala during 2011.<br />
Our Operations in Other South American, Central American and Caribbean Countries<br />
Overview. As of December 31, 2010, we held 100% of Readymix Argentina S.A., which operates five ready-mix concrete plants<br />
in Argentina.<br />
We believe that the Caribbean region holds considerable strategic importance because of its geographic location. As of<br />
December 31, 2010, we operated a network of eight marine terminals in the Caribbean region, which facilitated exports from our<br />
operations in several countries, including Mexico, Dominican Republic, Puerto Rico and the United States. Three of our marine<br />
terminals are located in the main cities of Haiti, two are in the Bahamas, and one is in Manaus, Brazil. We also have a non-controlling<br />
interest in two other terminals, one in Bermuda and another in the Cayman Islands.<br />
As of December 31, 2010, we had non-controlling positions in Trinidad Cement Limited, with cement operations in Trinidad<br />
and Tobago, Barbados and Jamaica, as well as a non-controlling position in Caribbean Cement Company Limited in Jamaica, National<br />
Cement Ltd. in the Cayman Islands and Maxcem Bermuda Ltd. in Bermuda. As of December 31, 2010, we also held a 100% interest<br />
in CEMEX Jamaica Limited, which operates a calcinated lime plant in Jamaica with a capacity of 120,000 tons per year. As of<br />
December 31, 2010, we also held a non-controlling position in Societe des Ciments Antillais, a company with cement operations in<br />
Guadalupe and Martinique.<br />
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