Cement News tagged under: South America
CBB posts 132% surge in 1Q income30 April 2024, Published under Cement NewsChile-based CBB reported sales of CLP97,781.67m (US$102.83m) in the 1Q24, up 11.1 per cent from CLP87,989.15m in the equivalent period of the previous year. In the 1Q24 EBITDA reached CLP22,803, up 44.8 per cent YoY as dispatches in all business lines increased and margins improved. Cement dispatches increased 22.6 per cent YoY to 315,000t in the 1Q24 from 257,000t in the while concrete deliveries edged up by 6.4 per cent YoY to 281,000m 3 from 264,000m 3 . Net income advanced by 131.... |
Votorantim Cimentos opens new waste treatment unit in Itaperuçu12 April 2024, Published under Cement NewsBrazil-based Votorantim Cimentos inaugurated its first Brazilian unit dedicated to the operations of Verdera, its sustainable waste management and disposal arms and Viter, an agricultural inputs business, in Itaperuçu. The waste treated at the Itaperuçu will be used at Votorantim Cimentos' Rio Branco do Sul plant. The BRL145m (US$28.6m) investment will house a new Verdera waste crushing plant an a new agricultural limestone production line. Verdera's new shredding plant has the capacit... |
Funding boost for Peruvian construction sector08 April 2024, Published under Cement NewsInternational Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) have provided the final tranche of a US$400m financing package to global finance group BBVA in Peru with the objective to promote sustainable construction and energy efficiency projects in the country. The first part of the financing, carried out in June 2023 by IFC, was for US$150m. The financing package from IFC and JICA will allow BBVA to strengthen its loan portfolio for sustainable constr... |
Cemento Polpaico reports CLP4722.8m loss in 202328 March 2024, Published under Cement NewsChile-based Cemento Polpaico SA , part of the Hurtado Vicuña Group , posted a loss of CLP4722.8m (US$4.81m) in 2023, compared with a CLP3921m profit in 2022. Revenues fell 7.4 per cent YoY to CLP341140m from CLP368390m. The company sold 1,637,770t of cement in 2023, down 19.3 per cent than the equivalent period in 2022. Concrete sales decreased by 19.7 per cent YoY to 2,560,238m 3 in 2023. Cemento Polpaico started a corporate and operational reorganisation, including its subsidiaries, ... |
Votorantim Cimentos announces a 123% increase in net profit in 202322 March 2024, Published under Cement NewsVotorantim Cimentos has reported a 123 per cent growth in net profit in 2023 to BRL2.6bn (US$522.7m), from BRL1.2bn in 2022. The company’s consolidated global net revenue was BRL27.7bn, increasing three per cent YoY from BRL30bn in 2022. This growth in revenue was due to advantageous market dynamics in North America, Europe, Asia and Africa. In Brazil, where the company is based, total sales amounted to 37Mta, increasing marginally from 2022. Global CEO of Votorantim Cimentos, Osvaldo A... |
Peru's cement market contracts 2% in February21 March 2024, Published under Cement NewsPeruvian cement dispatches slipped by two per cent YoY to 0.89Mt in February 2024 when compared with the previous year’s equivalent period, said the country’s cement association, ASOCEM. Of this total, the association’s members supplied 0.815Mt, down from 0.856Mt in February 2023. Cement production in Peru fell five per cent YoY to 0.818Mt in February 2023 while clinker output was down 17 per cent YoY to 0.633Mt in the same period. Domestic production was supplemented by 4000t of cement,... |
CEMEX to use solar power for Caracolito plant15 March 2024, Published under Cement NewsCEMEX Colombia will source 42,865MWh of electricity per year for its Caracolita plant in Colima from Celsia's new 19.9MWac solar farm in Ibague upon commissioning of the new solar farm. The alternative power source will replace 25 per cent of the cement plant's electricity. "[S]upplying our main cement plant in Colombia with solar energy will be a decisive step in our strategy to take advantage of renewable sources for cement production in Colombia,” said Alejandro Ramirez, president of Ce... |
Cement sales in Brazil up 4% in February13 March 2024, Published under Cement NewsThe Brazilian cement market expanded by 4.2 per cent YoY to 4.615Mt in February 2024 from 4.429Mt in February 2023, reports the country’s cement association, SNIC. Looking at sales per working day – the number of days worked has a strong influence on cement consumption – sales slipped 0.9 per cent YoY in February to 0.22Mt from 0.222Mt a year earlier. The key drivers to the uptick in sales include more favourable prospects in the labour market, with an increase in the wage bill and exp... |
Unacem reports 7% revenue increase in 202313 March 2024, Published under Cement NewsPeru-based cement producer Unacem has reported revenue of PEN6.38bn (US$1.73bn) in 2023, marking a 6.6 per cent increase YoY, despite the country’s declining construction sector. Net profit over the same period contracted by 22.1 per cent to PEN514m, while the EBITDA margin fell from 26.3 per cent in 2022 to 23.4 per cent the following year, according to BNAmericas. In the fourth quarter of 2023, the company's global revenue came in at PEN1.66bn, up from PEN1.6bn in the same period a y... |
Argentine cement market contracts 24% in February11 March 2024, Published under Cement NewsCement consumption in Argentina fell 23.5 per cent YoY to 684,960t in February 2024 from 895,938t in February 2023, according to the country’s cement association, AFCP. When compared with the previous month, demand dropped 10.7 per cent from 767,263t. Output from domestic cement plants was down 23.4 per cent YoY to 689,425t in February 2024 from 900,151t. When compared with January 2024, production declined by 10.8 per cent from 772,840t. Domestic production in February 2024 was suppleme... |