Cement News tagged under: South America
Cemex sales up 9% YoY in 1Q2303 May 2023, Published under Cement NewsCemex has reported strong results in the opening quarter of 2023 with sales expanding by nine per cent YoY to US$4036m and EBITDA seeing six per cent growth to US$733m, driven by pricing, decelerating input cost inflation, and contributions from the company’s growth investments and urbanisation solutions business. According to the company, the EBITDA margin came in at 18.2 per cent with a significant sequential improvement of 1.9 percentage points. The Urbanisation Solutions business repor... |
Colombian cement consumption declines 8% in March03 May 2023, Published under Cement NewsCement dispatches in Colombia fell 7.5 per cent YoY to 1.163Mt in March 2023 from 1.257Mt in March 2022, according to national statistics agency, DANE. While deliveries of bulk cement edged up by 0.8. per cent YoY, reflecting 3.5 per cent growth in the ready-mix concrete segment market in March 2023, bagged cement sales were down 11.2 per cent yoY as construction companies and contractors reported a 13.6 per cent contraction and the off-take by the retail sector dropped by 11.5 per cent wh... |
Andrés Segú Undurraga resigns from Polpaico Board26 April 2023, Published under Cement NewsAndrés Segú Undurraga has resigned from his position as director of Cemento Polpaico SA, Chile. His respective alternative director, José Tomás Edwards Alcalde, also resigned on 21 April. The company’s Board of Directors agreed to appoint Alejandro Gevert Detto as Mr Segú’ replacement, who will serve in this position until the next ordinary shareholders’ meeting when the Board of Director must be completely renewed. |
Peru’s cement market contracts 17% in March24 April 2023, Published under Cement NewsCement consumption in Peru declined by 17 per cent to 0.958Mt in March 2023 when compared with March 2022 when dispatches reached 1.151Mt, according to the country’s cement association, Asocem. Output from domestic cement plants was down 20 per cent YoY to 0.894Mt of cement in March 2023 from 1.121Mt. Clinker production fell by 19 per cent YoY to 0.77Mt in the same period. Cement exports declined 27 per cent YoY to 13,000t in March 2023 from 18,000t in March 2022, but clinker exports incr... |
CBB to implement a new AF project at Teno17 April 2023, Published under Cement NewsCBB and Ambipar Environment’s general managers announced the implementation of a project that will enable the cement producer to recover energy from non-recyclable waste at CBB’s Teno plant in Curicó, Maule Region, Chile. The Chilean cement producer will be investing US$5m in the two-phase project. The first stage, which represents an investment of US3m will see the construction of a waste reception system, screening, feed belt to the preheater and equipment for dosing the alternative ... |
Cement sales in Brazil decline 2% in March14 April 2023, Published under Cement NewsBrazil’s cement market contracted by two per cent to 5.398Mt in March 2023 from 5.507Mt in March 2022, according to the country’s cement association, SNIC. The association attributes the fall to a prolonged period of heavy rains in several regions of the country as well as economic factors including high interest rates, inflation and household indebtedness, aggravated by the slowdown in the labour market. Monetary tightening, fiscal and political uncertainty, lower population income are key ... |
Chile’s cement dispatches down 10% in January-February 202312 April 2023, Published under Cement NewsCement dispatches in Chile fell by 9.5 per cent to 288,761t in February 2023 from 309,297t in February 2022, according to the country’s construction chamber, CChC. In the first two months of 2023, deliveries declined by 10.2 per cent YoY to 598,058t from 666,175t in the year-ago period. |
Argentine cement consumption up 6% in March06 April 2023, Published under Cement NewsArgentina’s cement market expanded by 6.4 per cent in March 2023 as 1,114,722t of cement were supplied, compared to 1,047,227t in March 2022, according to the country’s cement association, AFCP. Compared with February 2023, the advance was 24.4 per cent. Domestic production of 1,114,003t – up 6.4 per cent YoY from 1,047,227t – was supplemented by 719t of imports to meet the market requirement in March 2023. Exports dropped considerably to 3770t in March 2023 from 11,462t in March 2022. ... |
Cement demand in Colombia falls 4% in February04 April 2023, Published under Cement NewsCement consumption in Colombia fell by 4.4 per cent YoY to 1.058Mt in February 2023 from 1.107Mt, according to the country’s statistics office, DANE. Of this total, bagged cement sales showed a 7.1 per cent fall, but bulk sales were up by 1.3 per cent YoY. Sales to construction companies and contractors contracted by 14.1 per cent while the retail sector saw a six per cent reduction in offtake. Ready-mix concrete company sales increased by 3.6 per cent YoY. Colombian cement producers dis... |
Peruvian cement market contracts 17% in February23 March 2023, Published under Cement NewsCement demand in Peru fell by 17 per cent YoY to 0.883Mt in February 2023 from 1.068Mt in the year-ago period, according to the country’s cement association, Asocem. Of this total, 0.856Mt were dispatched by Asocem members. Cement production in February 2022 declined 17 per cent YoY to 0.865Mt from 1.037Mt in February 2022. Clinker production expanded by seven per cent YoY to 0.759Mt in February 2023. In terms of exports, cement exports were down by a quarter to 11,000t in February 2023 wh... |