Cementos Bío Bío launches 2021 strategic plan

As cement demand in Chile remains muted and the cement industry is restructuring its operations, Cementos Bío Bío is launching its “Transforma 2021” strategic programme. The plan is to develop improved commercial, operational and innovation capabilities and enable the company to maintain its status as a key player.

“This transformation that we carry out challenges the traditional model for one that manages to turn the company into a company of the future that sustainably faces the current global context of the industry,” said the company’s President, Hernán Briones, at the recently-held shareholders’ meeting.

Despite domestic cement consumption showing a deceleration, Cementos Bío Bío posted a 33 per cent rise in net results to CLP23.859bn (US$39.6m). However, cement dispatches fell from 1.562Mt in 2016 to 1.402Mt in 2017 and total sales, including lime, sand and concrete, fell from CLP289.960bn in 2016 to CLP266.557bn one year later. EBITDA contracted from CLP50.163bn to CLP43.951bn.