Cement News tagged under: Chile
CBB reports 74% drop in net profit15 September 2022, Published under Cement NewsChilean cement producer Cementos Bío-Bío (CBB) saw a 15.3 per cent increase in sales to CLP155,089m in the first half of 2022 when compared with the CLP134,538m reported for the 1H21. Gross profits declined 12.2 per cent YoY to CLP43,268m in the 1H from CLP49,286m on the back of higher distribution and administration costs. Finance costs increased to CLP4508m in the 1H22 from CLP1380Mt in the year-ago period. Profit before tax fell by 98.4 per cent from CLP10,282m in the 1H21 to CLP156m... |
Cemento Polpaico reports 17% rise in 1H revenues, 1H profits are down09 September 2022, Published under Cement NewsCemento Polpaico SA reported revenues of CLP178.053bn (US$201.8m) in the January-June 2022 period, up 16.9 per cent when compared with CLP152.376bn in the January-June 2021. The Chilean cement producer has attributed the increase in revenues mainly to “the updating of the price level in all businesses as a result of the strong increase in the costs of production and distribution resulting from rise in inflation, rise in the exchange rate, rise in the cost of fuel and the increase in the co... |
Chile cement deliveries contract 24% in July07 September 2022, Published under Cement NewsChilean cement dispatches declined 23.6 per cent YoY in July 2022 to 276,554t when compared with July 2021 when 361,956t were dispatched, according to the Chilean construction chamber, CChC. In the first seven months of 2022, deliveries were down 10.3 per cent YoY to 2,249,284t from 2,507,802t reported in the 7M21. |
June sales in Chile down 16%23 August 2022, Published under Cement NewsChile’s cement market contracted 16.4 per cent YoY as cement producers dispatched 297,514t of product in June 2022, according to the Chilean construction chamber, CChC. In June 2021 cement dispatches reached 355,851t. In the first six months of 2022 domestic cement dispatches declined 8.1 per cent YoY to 1,972,730t. In the 6M21 dispatches stood at 2,145,846t. |
Chilean cement market contracts 7% in May08 July 2022, Published under Cement NewsChile’s cement demand declined 6.7 per cent in May 2022 to 330,114t from 353,704t in May 2021, according to the Chilean construction chamber, CChC. When compared with April 2022, the decrease was around 5.4 per cent from 313,101t. In the first five months of 2022 total cement consumption dropped 6.4 per cent YoY to 1,675,216t from 1,789,995t in the January-May 2021 period. |
Chile’s cement market contracts 16% in May10 June 2022, Published under Cement NewsCement dispatches in Chile declined by 15.8 per cent YoY to 313,101t in May 2022 when compared with the 371,947t dispatches in May 2021, according to CChC, the Chilean construction chamber. In the first five months of the year, deliveries fell by 6.8 per cent to 1,345,102t from 1,443,458t in the 5M21. |
CBB sees profit fall by 89% in the 1Q2201 June 2022, Published under Cement NewsIn the first quarter of 2022, Chile-based Cementos Bío-Bío (CBB) has reported a 14.4 per cent advance in revenues to CLP77,062m (US$92.8m) from CLP67,373m in the 1Q21, according to Valor Futuro. EBITDA decreased by 10.2 per cent to CLP9619m, which the company attributed to “lower cement shipments and lower profit margins on cement and lime that decreased gross profit. Added to this is the increased cost of distribution, which is partly offset by the income generated from the sale of prop... |
Cemento Polpaico reports 67% drop in 1Q profit31 May 2022, Published under Cement NewsChilean cement producer Cemento Polpaico reported net sales of CLP89,359m (US$107.6m) in the first quarter of 2022, up 7.5 per cent when compared with CLP83,145m in the 1Q21. However, the company’s net profits declined by 66.9 per cent in the 1Q22 to CLP1365m from CLP4124m in the 1Q21. The reduced performance has been attributed by the company to a rise in production and distribution costs on the back of higher inflation, rising exchange rates and increasing input costs. In the 1Q22 t... |
Cementos Melon inaugurates new grinding unit25 May 2022, Published under Cement NewsChile-based Cementos Melón has officially inaugurated its new grinding unit about 8.5km north of Punta Arenas in the country’s southern Magallanes region. The new 0.25Mta plant represents an investment of US$45m and is expected to produce 80,000t of cement in its first year as it ramps up capacity. At the inauguration, Cementos Melón General Manager, Jorge Eugenín, said: “For us Magallanes has always been an interesting market, its consumption is comparable to cities in developed count... |
Chile’s cement market contracts 5% in March19 May 2022, Published under Cement NewsChilean cement consumption decreased five per cent to 365,826t in March 2022 when compared with March 2021 when market volume reached 385,276t, according to the country’s construction association, CChC. However, in the January-March 2022 period demand advanced 12 per cent to 4,336,734t from 3,872,664t in the 1Q21. |