Cement News tagged under: Ecuador
Ecuador 2014 sales down 2%28 January 2015, Published under Cement NewsEcuador cement sales dipped in 2014 to 6.47Mt, down two per cent from the 6.60Mt recorded in the previous year, latest data from domestic cement association INECYC shows . Last year's decline follows three consecutive years of annual sales growth in the Latin American country from 2011 to 2013. During December 2014, monthly sales rose 4.85 per cent to 557,786t compared to November 2014 (532,009t). |
Ecuador: Peru’s Cementos Yura buys stake in Unión Cementera Nacional26 January 2015, Published under Cement NewsCementos Yura, part of Peru’s Grupo Gloria, has acquired a 63.5 per cent share in state-owned Unión Cementera Nacional of Ecuador, which will hold the balance of shares. The $230m investment will be disbursed to the Ecuadorian cement producers via a trust over the next 40 months, during which the construction will take place of a new 2400tpd clinker production line in Riobamba. "We will participate in this company with this contribution and are very optimistic that this will benefit t... |
Ecuador monthly cement sales update30 December 2014, Published under Cement NewsEcuador cement sales registered a double-digit monthly decline during November 2014, latest data from Ecuador cement association Inecyc shows. Sales during November were down by 11.7 per cent to 532,009t compared to 602,748t in the previous month. Total sales for the January-November 2014 period reached 5.913Mt. |
US$125m CAF loan signed for Guayaquil project03 December 2014, Published under Cement NewsHolcim Ecuador SA has signed a loan contract for US$125m with the Latin American development bank, CAF. The funds will finance the modernisation of Holcim’s Guayaquil plant. The upgrade programme will see clinker production capacity rise to 3.4Mta, enabling to replace current clinker imports by domestic production and reduce the country’s currency outflow. In addition, some 20 per cent of the investment will be directed to environmental technology to improve the plant’s environmental re... |
UNACEM completes Ecuador acquisition03 December 2014, Published under Cement NewsPeruvian cement producer Union Andina de Cementos SAA (UNACEM) confirmed that it has completed the purchase of Lafarge’s cement operations in Ecuador. "We are pleased with the closing of the transaction, which represents an important step in our growth strategy,” Carlos Ugás, managing director of Unacem. The company closed the acquisition, initially announced in May this year, for approximately US$517m, according to local press reports. The deal involves the purchase of a 1.4Mta cement w... |
Ecuador monthly sales up 4.61%21 November 2014, Published under Cement NewsEcuador cement sales during October 2014 reached 602,748t, up 4.61 per cent compared to the previous month. Accumulated sales over the first 10 months of this year were 5.381Mt, according to the latest data from domestic cement association INECYC. |
Unacem plans to invest US$58m in 201509 September 2014, Published under Cement NewsPeru's Unacem intends to invest US$58m in its Atocongo and Condorcocho works next year. The projects focus on the development of the Carpapata III hydropower plant, the cement mill and packing area (Condorcocha) as well as capacity expansions and other investments in fixed assets. This year, investments in its subsidiaries total US$545m as it signed a deal with Lafarge to acquire the latter's Ecuadorian cement subsidiary in June. Lafarge sales in the country are expected to reach US$190m.... |
LH Merger: LatAm, Asia, Africa07 July 2014, Published under Cement NewsThe Lafarge Holcim merger is being viewed as a good geographical fit in emerging markets given Lafarge’s strong presence in the Middle East and Africa, and Holcim’s significant exposure to Latin America and the Asia-Pacific region. However, regional overlaps in certain key markets are likely lead to the expected disposal of assets. Latin America Moves to address anti-trust concerns already appear to be underway with Lafarge last month confirming the sale of its cement operations in Ec... |
Lafarge02 July 2014, Published under Cement NewsLafarge has agreed the sale of Lafarge Cementos in Ecuador to Union Andina de Cemento of Peru for US$553m. The completion date for the sale of this 1.4Mta works has yet to be agreed. This deal follows the sale of the Honduran cement operations to Cementos Argos at around the turn of the year. Lafarge Zimbabwe is looking for a suitable site on which to build a cement works costing US$250m-300m. One limestone deposit has been identified to date and other opportunities are being looked into.... |
Lafarge sells Ecuador operations28 May 2014, Published under Cement NewsLafarge announced the sale of its cement operations in Ecuador for an enterprise value of US$553m to Union Andina de Cementos SAA (UNACEM). Lafarge Cementos SA operates an integrated cement plant of 1.4Mt of capacity, located in Otavalo, in the North of the country. This divestment will contribute to Lafarge's objective to reduce net debt below EUR9bn in 2014, the group said. Ecuador was one of the countries where the proposed ‘LafargeHolcim’ combination was expected to see considerable... |