Cement News tagged under: Cemento Andino
Venezuela produces more than 8Mt of cement13 November 2012, Published under Cement NewsFrom October 2011 to October this year, Venezuelan cement companies produced 8.295Mt of cement, the highest annualised output in the country’s history, according to Entorno Inteligente. Minister of Industries, Ricardo Menendez said that since 2010, when cement companies were nationalised, until 2012, there has been a steady increase in production figures in the country. In 2010, output reached 7.12Mt while in 2011, this figure increased to 7.7Mta. "This growth is linked to the Great H... |
Unacem net profit rises, Peru23 October 2012, Published under Cement NewsUnion Andina de Cementos (Unacem) – which comprises the recently merged Cementos LIma and Cementos Andino – reported a net profit to PEN70.3m (US$27m) compared with PEN42m in the same quarter in the previous year boosted by strong sales. Total third-quarter revenue was PEN326.4m compared with PEN266.3m in the same period a year earlier. The company said that cement production in the third quarter was 986,935t, up 13.2 per cent compared with the same quarter a year earlier. Cementos ... |
Cementos Lima and Cementos Andino to merge, Peru26 July 2012, Published under Cement NewsPeruvian cement producers Cementos Lima and Cemento Andino are to merge into a single company, the company’s said in a joint statement. Shareholders from both producers on Tuesday approved plans for the merger which will create a new company under the name of Union Andina de Cementos SAA on 1 October, the statement to Peru’s securities regulator said. The companies said the merger will reduce costs while also improving liquidity, profits and financial strength. "The main objective of t... |
Cemento Andino expansion set for April completion19 January 2012, Published under Cement NewsExpansion work at Cemento Andino’s clinker plant is expected to be completed in April this year, reports Generacion of Peru. The investment will see the company’s capacity increase by 60 per cent (70,000tpa) to reach 2.1Mt. |