Cementos Chihuahua 3Q15 sales rise 23% YoY

Cementos Chihuahua 3Q15 sales rise 23% YoY
28 October 2015

Mexico’s Cementos Chihuahua posted sales of MXN3.983bn (US$241.4m), up 23 per cent YoY, in the third quarter of 2015.

The rise in turnover has been attributed to higher volumes and prices in Mexico and the USA. Sales in the US expanded by 24 per cent on the back of a three per cent advance in cement volumes in Minnesota, Texas and Colorado as the building and infrastructure sectors generated extra demand. This helped offset an 11 per cent fall in concrete sales.

In Mexico, sales saw a 21 per cent hike as cement volumes were up eight per cent and 13 per cent in aggregates on the back of increased residential, commercial and industrial building.

EBITDA surged 22 per cent to MXN941m from MXN773m following a cost-reduction programme and a fall in transport costs.

Published under Cement News