Cement News tagged under: ANCAP

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Uruguay: Ancap to reduce staff by a third

07 April 2017, Published under Cement News

Ancap will reduce its number of employees by a third, according to the Uruguayan cement producer’s President, Marta Jara. While the step is part of a cost-reduction programme, the company said it will keep its three cement plants operational. Ms Jara stressed the need to "reorganise work, including automation, improving working conditions, avoiding overtime and overlapping of work."

Uruguay: Ancap to make further production cuts

20 March 2017, Published under Cement News

Ancap is expected to make cuts in overtime, security and cleaning personnel to move the company's results closer to the black while keeping both plants at Minas and Paysandú operational, according to the newspaper El País de Montevideo. Losses at the companies reached US$207m in the past decade with 2016 results indicating a loss of US$25m. To return Ancap to profitability, the company’s syndicate has proposed to access international reserves to install a third kiln line at Paysandú, part...

ANCAP to shed 200 jobs during its restructuring

13 February 2017, Published under Cement News

While ANCAP is expected to hold onto its three cement units, the restructuring of the company will see the dismissal of 200 personnel. Staff have received the “commitment” from the company’s general manager, Ignacio Horvath, and the Portland Division Manager, Fernando Acuña, that the plants of Paysandú and Minas as well as the Manga distribution centre will remain open. In the past decade the Uruguayan cement producer has reported  losses of US$200m.

Uruguay: Cimsa to work with Ancap on Cementos Charrúa project

22 December 2016, Published under Cement News

Company Industrializadora de Minerales SA (CIMSA) wants to form an association with Ancap of Uruguay to receive clinker for its subsidiary Cementos Charrúa, to produce cement at the grinding unit being built in Montevideo. The product is mainly earmarked for export to Brazil. Ancap operates a kiln line in Treinta y Tres, via its subsidiary Cementos de Plata, and will supply clinker to the new Montevideo grinding unit, while Cementos Charrúa completes its kiln line at Treinta y Tres....

Uruguay: Ancap to explore export potential

25 November 2016, Published under Cement News

Uruguay’s Ancap Board of Directors has approved a memorandum of understanding with Cimsa to explore over the next 90 days the potential of an alliance that will help Ancap export cement. Ancap’s cement division suffered losses of US$30m in 2015 with a similar amount expected this year. While the company has reported losses for a considerable time, these have increased in recent years. The company operates a cement plant in Lavalleja and Paysandú and has invested US$80m in a new oven, but ...

Uruguay: ANCAP official speaks out about Turkish imports

08 November 2016, Published under Cement News

Artigas González of the Federación ANCAP (FANCAP) and member of the Portland commission of the ANCAP workers guild, said Cementos Charrúa (Cimsa) is currently importing bagged cement from Turkey and repackaging it under a Uruguayan brand for marketing, according to El Observador.

"It comes in the form of dumping (below its cost of production) and at a price that is unfair competition," he said. FANCAP has made a formal proposal to the Ministry of Industry, Energy and Mining to review the...

Ancap notes record loss for 2013

12 May 2014, Published under Cement News

Uruguay’s Ancap closed 2013 with a record loss of US$150m. The company attributed the result partly to developments in the exchange rate, which impacted the cement producer significantly as it borrows in US dollars. However, Ancap has been able to pay the US$513m debt with PDVSA, allowing it to reduce its dollar position and limiting the 2013 loss. CEO, José Coya, said the company will design a “stabilisation programme.” In 2012, Ancap registered a loss of US$14m while in 2011, this ...

New Uruguay joint venture plant investment

04 October 2012, Published under Cement News

Three cement companies are planning to invest in a new joint venture cement plant in eastern Uruguay’s Treinta y Tres department to tap export potential in neighbouring Brazil, according to local press reports. State oil and cement company ANCAP, along with Spanish cement producer Cementos Molins and Brazil’s Votorantim have filed an Environmental Impact Assessment (EIA) for a new 750,000tpa. Total costs are estimated at US$160m, with Cementos Molins contributing 60 per cent and ANCAP and...