Asur Reports September Traffic Decline
Grupo Aeroportuario del Sureste (Asur), a leading airport manager in Latin America, reported a 1.4% decrease in passenger traffic for September, marking its worst two septembers since 2015, excluding the distorted figures of 2020 due to early Covid-19 pandemic measures.
The total passenger count reached 4.8 million, a 1.4% drop, with domestic flights declining by 1.2% and international travel down by 1.9%. The domestic segment experienced five consecutive months of decline, while international travel saw its fastest descent over four months.
Cemex Completes Panama Operations Sale
Cemex, one of the world’s largest cement and concrete producers, sold its Panama operations to Dominican firm Grupo Estrella for $200 million. This sale is part of Cemex’s strategy to focus on more profitable markets by divesting less attractive ones.
Alongside the divestment, Cemex used part of the proceeds to increase its stake in Couch Aggregates, a US-based aggregates company, achieving majority ownership and expanding a strategic alliance announced in July 2024.
The Panama sale amount represents approximately 12 times the adjusted operating cash flow for the twelve months ending August 31, 2025. Cemex anticipates that investments in the US will “substantially” compensate for the lost cash flow in Panama in the short term.
PCR Verum Upgrades HYCSA’s Long-Term Rating
PCR Verum raised Grupo HYCSA’s long-term rating to “AA-/M” with a stable outlook, highlighting its strong operational and financial standing.
HYCSA currently holds a backlog exceeding 22,600 million pesos and additional contracts potentially worth around 12,500 million pesos.
A significant project for HYCSA is the Corredor 2000 in Tijuana, transforming mobility and urban development at the northern border. This government of Baja California-led, HYCSA-executed project includes constructing four toll lanes over 12 kilometers, with an estimated investment of 1,300 million pesos and a 30-year concession.
Rotoplas and Conagua Collaborate on Irrigation Project
Conagua, led by Efraín Morales, and Grupo Rotoplas signed a collaboration agreement to install advanced irrigation systems in El Naranjo, Morelos. The project has a budget close to 1 million pesos and is part of the México se Tecnifica program under the National Hydric Plan 2024-2030, aiming to modernize over 200,000 hectares of agricultural land.
Key Questions and Answers
- What is Grupo Aeroportuario del Sureste (Asur)? Asur is a leading airport manager in Latin America, responsible for managing and operating various airports across the region.
- Why did Cemex sell its Panama operations? Cemex divested from Panama as part of its strategy to focus on more profitable markets and streamline its portfolio.
- What is the significance of PCR Verum upgrading HYCSA’s rating? The upgraded rating reflects HYCSA’s robust operational and financial health, signaling stability to investors.
- What is the Corredor 2000 project in Tijuana? This project aims to modernize mobility and urban development along the northern border, with four toll lanes over 12 kilometers and a 30-year concession.
- What is the collaboration between Conagua and Rotoplas about? The partnership focuses on modernizing agricultural land through advanced irrigation systems in El Naranjo, Morelos, as part of México se Tecnifica.
