Cement News tagged under: Yguazú Cementos
Yguazú Cementos recommences output but shortage remains04 September 2020, Published under Cement NewsParaguay-based Yguazú Cementos SA has restarted production and while operating at full capacity, the cement shortage in the Latin American country currently persists. The company does not expect a change in the market situation as it is faced with cost overruns and Portland cement imports. Yguazú Cementos SA reported that it completed the repair of a broken-down transformer, which had caused the plant to halt production. “Our plant is already operating at full capacity. We once again exten... |
Loma Negra sells majority stake in Yguazú Cementos27 August 2020, Published under Cement NewsArgentina-based Loma Negra (Intercement) has sold its 51 per cent majority stake in Paraguay’s Yguazú Cementos. The value of the deal was not announced, but the company had been valued at US$80m. The buyer was a local shareholder company ConcretMix (owned by Grupo Bogarín), according to a note sent to Argentina’s National Securities Commission. Loma Negra is expected to use the funds from the transaction to pay its debt with local banks. In 2000 Intercement founded Yguazú Cementos in partn... |
Paraguay lifts cement import restrictions20 November 2019, Published under Cement NewsParaguay’s Ministry of Industry and Commerce (MIC) said it is lifting restrictions on cement imports following the shortage of the product due to production issues. The Paraguayan market requires a supply of 100,000 bags of cement per day. At present Industria Nacional del Cemento (INC) is able to dispatch only around 54,000 and in the last few days has only been delivering barely 4000 bags, according to ABC Color. Cement is imported from Brazil, Uruguay, Bolivia and Argentina, according... |
Loma Negra 4Q17 net revenue rises by 57%09 March 2018, Published under Cement NewsLoma Negra (InterCement group) announced its results for the three- and 12-month periods ended 31 December 2017 with net revenue for 4Q17 increasing 57.1 per cent to ARS4452m (US$218.9m), from ARS2834m (US$139.3m) in 4Q16, mainly driven by higher volumes sold across all segments along with increased prices. Total cement, masonry and lime sales volumes in Argentina increased 14 per cent YoY in 4Q17 to 1.76Mt, driven by increased construction activity both in infrastructure and private consu... |
Cimpor05 January 2016, Published under Cement NewsCimpor recently made disposals to strengthen its capital base. It has raised EUR32m from the sale of 16 per cent of the equity in Yguazu Cementos in Paraguay, reducing its interest to 51 per cent. In addition, it has raised US$25.35m through selling the Guarulhos and Barueri quarries in the Brazilian state of São Paulo to Polimix Concreto Ltda. |
Yguazu Cementos to enter operations in October17 September 2013, Published under Cement NewsParaguay’s Yguazú Cementos is expected to light the kiln at its Villa Hayes plant in October. The initial production of the works is estimated at 100,000-150,000 bags per month – all destined for the local market. "We estimate that in the second half of October all will be set to inaugurate and start production," said the company's general manager, Cleber Ceroni. He said production will increase after the first month. The plant’s first output is scheduled to be delivered to the domesti... |
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