Cement News tagged under: South America
Positive operational results boost Loma Negra 2Q24 net profit08 August 2024, Published under Cement NewsLoma Negra , the leading cement producer in Argentina, has announced its results for the three-month period ending 30 June 2024. Net sales revenue for the period was ARS136.1m (US$147m), marking a decrease of 28 per cent YoY. This can be explained by a 32.5 per cent decrease in the cement segment sales volume, a trend that is consistent with that of comparable companies. Consolidated adjusted EBITDA fell to ARS38.3m, down 11.7 per cent YoY in adjusted Argentine Pesos, while in US Do... |
Colombia’s cement market contracts 9% in June 202405 August 2024, Published under Cement NewsGrey cement dispatches in Colombia fell 8.7 per cent YoY to 943,500t in June 2024 from 1.033Mt in June 2023, according to the country’s statistics agency, DANE. Bulk deliveries fell by 9.2 per cent YoY while bagged cement deliveries were down by 8.4 per cent. There was an 11.8 per cent YoY decline in purchases by ready-mix cement companies while supplies to construction companies and contractors fell by 11.1 per cent YoY in June 2024. The off-take by the retail sector decreased by four per... |
Unacem US shipments surge in 2Q2429 July 2024, Published under Cement NewsPeru-based Unacem saw its shipments jump by 96.4 per cent YoY to 324,000t in the 2Q24 following its acquisition of the Tehachapi cement plant in California, USA. "This significant growth is partially explained by the addition of Tehachapi to the portfolio (...), which contributed 159,000 tons of cement," added the company in the Management Discussion and Analysis document sent to the Superintendencia del Mercado de Valores (SMV). Ready-mix concrete volumes were 254,000m 3 while aggregat... |
Cementos Pacasmayo reports stable net profit in 1H2423 July 2024, Published under Cement NewsPeru-based Cementos Pacasmayo SAA reported a 3.4 per cent uptick in income to PEN457.1m in the second quarter of 2024 from PEN442m in the 2Q23, supported by the sales mix as concrete and prefabricated sales increased due to the Piura airport project and the recovery of public investment. However, a contraction in the demand for bagged cement saw total sales volumes decrease by 5.8 per cent. Of total sales, cement represented a sales value of PEN369.6m in the 2Q24, down from PEN383.5m in th... |
Peru’s cement market contracts 6% in June22 July 2024, Published under Cement NewsCement dispatches in Peru declined by 5.9 per cent YoY to 0.924Mt in June 2024 from 0.928Mt in June 2023, according to ASOCEM, the Peruvian cement association. Of this total, dispatches by ASOCEM members were down 8.8 per cent to 0.842Mt in June 2024 from 0.923Mt in June 2023. Output from domestic cement plants declined 6.1 per cent YoY to 0.884Mt in June 2024 from 0.941Mt. Clinker production fell 15.5 per cent to 0.686Mt from 0.812Mt over the same period. In terms of external trade, Per... |
UCEM acquires Ecuador’s Ecoluz SA17 July 2024, Published under Cement NewsGloria Group , through its subsidiary Unión Cementera Nacional SA (UCEM), has closed the purchase and sale contract for 99.998 per cent of Ecuador-based hydropower company Ecoluz SA. In May 2024 the Superintendency of Economic Competition of Ecuador approved the acquisition of all Ecoluz shares by UCEM. “Gloria Group reaffirms its commitment to investment in the Latin American market, betting on the development of the countries in the region,” concludes the Peruvian company. |
Votorantim Cimentos’ solid and sustainable growth16 July 2024, Published under Cement NewsVotorantim Cimentos CEO, Osvaldo Ayres, highlights the company’s achievements and sets his sights on the future as the cement producer pursues a strategy of robust and sustainable growth going forward. By Osvaldo Ayres, Votorantim Cimentos, Brazil In the town of Itaperuçu, Paraná, Votorantim Cimentos will be spending BRL145m in the first site in Brazil dedicated exclusively to the company’s sustainable waste management and disposal business, Verdera, and its agricultural solutio... |
Brazilian cement market expands 2% in June11 July 2024, Published under Cement NewsCement sales in Brazil increased by 2.4 per cent to 5.372Mt in June 2024 from 5.248Mt in June 2023, according to the country's cement association, SNIC. Per working day, cement dispatches were up 4.6 per cent YoY to 238,800t. The increase follows a first semester affected by high interest rates and family debt as well as extreme weather events, including drought in the central-west and northern regions and intense rains in the south of Brazil. Construction confidence remained stable in Ju... |
Cemex invests in KC8 Capture Technologies09 July 2024, Published under Cement NewsCemex has announced its latest investment in the carbon capture start-up KC8 Capture Technologies (KC8) through its venture capital and open innovation unit, Cemex Ventures. The investment aims to scale KC8's carbon capture technologies in a major project. KC8, based in Australia, offers an affordable method for reducing greenhouse gas emissions with its proprietary non-toxic, non-volatile solvent for carbon capture, utilisation and storage (CCUS). This technology promises up to 95 per ... |
Colombia’s cement shipments fall 11% in May04 July 2024, Published under Cement NewsCement dispatches in Colombia declined 10.9 per cent to 1.003Mt in May 2024 from 1.126Mt in May 2023, according to statistics agency DANE. Production was down 11.6 per cent YoY to 1.094Mt in May 2024 from 1.237Mt in the year-ago period. The market contraction was larger in the bagged cement segment, where sales were down 12 per cent. Bulk deliveries fell by 8.8 per cent YoY. In terms of market segments, the retail sector reported a 9.2 per cent YoY decrease while construction companies and... |