Cement News tagged under: Paraguay
Paraguay Minister of Industry: INC needs to import cement urgently14 October 2015, Published under Cement NewsGustavo Leite, Paraguay’s Ministry of Industry and Trade, said yesterday that there exists an alternative scenario that would see the country’s main cement producer, Industria Nacional de Cemento (INC) “urgently” become a cement importer. While the cement maker is planning to expand its production to meet national demand, Mr Leite said it will take around 3-4 years to build a new cement plant and that therefore, imports are crucial. Due to speculation and the supply shortage, a bag of c... |
Paraguay: cement price spikes 20%28 September 2015, Published under Cement NewsIn the past few weeks the price for a bag of cement in Paraguay has spiked to PYG56,000 from PYG45,000, up 20 per cent. The price rise has been attributed to technical issues with the kiln of Industria Nacional del Cemento and is expected to fall once the have been resolved. |
Paraguay: INC distributors complain about cement supply22 September 2015, Published under Cement NewsSeveral Paraguayan cement distributors have complained about supply issues which sees them receiving only 13-25 per cent of their normal order volumes. The state-run cement firm INC is not providing sufficient cement and Cementos Yguazu has completely stopped cement supply. The head of INC, Jorge Mendez, has admitted that due to problems with one of the kilns cement supply dropped recently, but the issue has been solved now and supply levels will return to normal shortly. The firm current... |
Paraguay: cement price predicted to fall 15% in 201619 August 2015, Published under Cement NewsFollowing the fuel conversion at Industria Nacional de Cemento’s Villeta plant in Paraguay, its CEO, Jorge Méndez, said he expects up to a 15 per cent drop in the price of cement in 2016. The fuel project will enable the works to be fired with alternative fuels including vegetable oil and forest waste as well as oil and petcoke. This is expected to lower fuel costs by US$22m. Mr Méndez also highlighted the records in output, sales and invoicing. He said the company produced more than 5... |
Paraguay: INC’s kiln returns to normal service10 July 2015, Published under Cement NewsIndustria Nacional del Cemento (INC) announced that its kiln at the Vallemi works is back up and running since Tuesday after a six-day stop due to technical issues. At present the company is carrying out a fuel switch that will see the plant operate with petcoke, forest waste and coal among others. The change in fuel will allow INC to save over US$22m. The cement producer said around 40 per cent of the work oj the project has been carried out to date. |
Paraguay: INC expects to use up 20% biofuel05 June 2015, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) announced that subject to satisfactory analysis results, the cement producer will be including biofuel in its fuel mix. A series of tests is currently being carried out by the Engineering Faculty of the National University of Asuncíon (UNA). Jorge Méndez Cuevas, CEO of INC, said the company could substitute fuel oil with up to 20 per cent biofuel. |
Paraguay: INC lowers cement price04 March 2015, Published under Cement NewsINC has reduced the price for three types of cement. Vallemí cement will see a fall from PYG38,990 (US$8.34) to PYG35,000 while cement sold from the Villeta works will see its price reduced from PYG41,500 to PYG41,000. Pozzolana cement now costs PYG41,500, down from PYG42,500. The company is currently investing US$67m in a fuel conversion project, saving US$10m annually as well as increasing production by 8000 bags/day. |
Cimpor sales rise 6% in 201403 March 2015, Published under Cement NewsCimpor’s turnover eased by 0.8 per cent in 2014 to EUR2603.7m while the EBITDA declined by 6.7 per cent to EUR645.6m. The trading profit emerged 7.9 per cent lower at EUR448.8 and the net financial charge declined by 8.8 per cent to EUR371.4m, giving a pre-tax profit 3.5 per cent lower at EUR77.3m and at the net attributable level there was a swing from a loss of EUR19.4m to a profit of EUR27.2m. Net debt at the end of 2014 stood at EUR3561m, an increase of 3.7 per cent, while shareholders’... |
Paraguayan cement consumption update03 February 2015, Published under Cement NewsParaguayan cement demand currently stands at around 115,000 bags of 50kg, according to local press sources. Industria Nacional del Cemento (INC) produces around 50,000 bags/day while Yguazú’s output reaches around 45,000 bags/day. In addition, the market also absorbs between 18,000-22,000 bags per day of imports, according to the Customs Office. Total imports in 2014 reached 273,710t, reflecting a value of US$35.34m. This represented a 28 per cent fall when compared with imports of 381... |
Paraguay: INC plans to raise capacity07 January 2015, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) plans to increase its production capacity from 50,000 to 70,000 bags/day in 2015, according to Jorge Méndez, head of the company. This is expected to create a good supply to the market and lower prices by the end of the year. Although the company is forecast to have an accumulated deficit of nearly PYG1bn, due to successive years of losses, he assured that in 2014, the firm will produce a profit of PYG8000m. The change in fuel planned for... |