Cement News tagged under: ANCAP
Uruguay’s ANCAP and Fancap agree over cement production15 May 2018, Published under Cement NewsUruguayan oil company ANCAP and its workers’ union Fancap have come to an agreement to resume cement production at the Minas works. Following a week of talks with support from Uruguayan government officials both sides agreed over operational and minimal roles and security personnel shifts in Minas and Paysandú. |
ANCAP has stocks for four days23 April 2018, Published under Cement NewsThe cement plant owned by ANCAP in Minas, Uruguay, has only four days of stocks left, reports Esmerk Latin American News. Production was halted in February by the union on grounds that there was insufficient personnel on the ground. ANCAP’s cement division generated a loss of US$12.3m in 2017, down from a loss of US$27m the previous year. Although ANCAP still holds on to an important market share in Uruguay, it is facing growing competition from Cementos Artigas and imported cement. T... |
Uruguay: Ancap to reduce staff by a third07 April 2017, Published under Cement NewsAncap will reduce its number of employees by a third, according to the Uruguayan cement producer’s President, Marta Jara. While the step is part of a cost-reduction programme, the company said it will keep its three cement plants operational. Ms Jara stressed the need to "reorganise work, including automation, improving working conditions, avoiding overtime and overlapping of work." |
Uruguay: Ancap to make further production cuts20 March 2017, Published under Cement NewsAncap is expected to make cuts in overtime, security and cleaning personnel to move the company's results closer to the black while keeping both plants at Minas and Paysandú operational, according to the newspaper El País de Montevideo. Losses at the companies reached US$207m in the past decade with 2016 results indicating a loss of US$25m. To return Ancap to profitability, the company’s syndicate has proposed to access international reserves to install a third kiln line at Paysandú, part... |
ANCAP to shed 200 jobs during its restructuring13 February 2017, Published under Cement NewsWhile ANCAP is expected to hold onto its three cement units, the restructuring of the company will see the dismissal of 200 personnel. Staff have received the “commitment” from the company’s general manager, Ignacio Horvath, and the Portland Division Manager, Fernando Acuña, that the plants of Paysandú and Minas as well as the Manga distribution centre will remain open. In the past decade the Uruguayan cement producer has reported losses of US$200m. |
Uruguay: Cimsa to work with Ancap on Cementos Charrúa project22 December 2016, Published under Cement NewsCompany Industrializadora de Minerales SA (CIMSA) wants to form an association with Ancap of Uruguay to receive clinker for its subsidiary Cementos Charrúa, to produce cement at the grinding unit being built in Montevideo. The product is mainly earmarked for export to Brazil. Ancap operates a kiln line in Treinta y Tres, via its subsidiary Cementos de Plata, and will supply clinker to the new Montevideo grinding unit, while Cementos Charrúa completes its kiln line at Treinta y Tres.... |
Uruguay: Ancap to explore export potential25 November 2016, Published under Cement NewsUruguay’s Ancap Board of Directors has approved a memorandum of understanding with Cimsa to explore over the next 90 days the potential of an alliance that will help Ancap export cement. Ancap’s cement division suffered losses of US$30m in 2015 with a similar amount expected this year. While the company has reported losses for a considerable time, these have increased in recent years. The company operates a cement plant in Lavalleja and Paysandú and has invested US$80m in a new oven, but ... |
Uruguay: ANCAP official speaks out about Turkish imports08 November 2016, Published under Cement NewsArtigas González of the Federación ANCAP (FANCAP) and member of the Portland commission of the ANCAP workers guild, said Cementos Charrúa (Cimsa) is currently importing bagged cement from Turkey and repackaging it under a Uruguayan brand for marketing, according to El Observador. "It comes in the form of dumping (below its cost of production) and at a price that is unfair competition," he said. FANCAP has made a formal proposal to the Ministry of Industry, Energy and Mining to review the... |
Ancap notes record loss for 201312 May 2014, Published under Cement NewsUruguay’s Ancap closed 2013 with a record loss of US$150m. The company attributed the result partly to developments in the exchange rate, which impacted the cement producer significantly as it borrows in US dollars. However, Ancap has been able to pay the US$513m debt with PDVSA, allowing it to reduce its dollar position and limiting the 2013 loss. CEO, José Coya, said the company will design a “stabilisation programme.” In 2012, Ancap registered a loss of US$14m while in 2011, this ... |
New Uruguay joint venture plant investment04 October 2012, Published under Cement NewsThree cement companies are planning to invest in a new joint venture cement plant in eastern Uruguay’s Treinta y Tres department to tap export potential in neighbouring Brazil, according to local press reports. State oil and cement company ANCAP, along with Spanish cement producer Cementos Molins and Brazil’s Votorantim have filed an Environmental Impact Assessment (EIA) for a new 750,000tpa. Total costs are estimated at US$160m, with Cementos Molins contributing 60 per cent and ANCAP and... |
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