Cement News tagged under: Argentina

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Geocycle signs tyre co-processing agreement with Argentina

19 August 2019, Published under Cement News

Holcim Argentina subsidiary Geocycle has signed an agreement with Argentina’s Minister of Production, Labour and Sustainable Development, Graciela Pinal de Cid to enable the co-processing of tyres. Ms Pinal de Cid said: "Today we are initiating a framework agreement with the company Geocycle, belonging to the firm Holcim Argentina, to solve a situation that involves society as a whole, such as tires out of use." She added: “We will generate a joint work agenda between the province and the ...

Loma Negra sees 2% drop in 2Q revenue but EBITDA up

09 August 2019, Published under Cement News

Argentina-based Loma Negra reported a 2.2 per cent YoY drop in 2Q net revenue to ARS7.47bn (US$165m) while consolidated adjusted EBITDA increased 7.1 per cent YoY to ARS1.929bn, according to Wall Street Online. The rise in EBITDA was attributed mainly to the cement, masonry and lime segment in Argentina but was also supported by growth across the company’s other key segment. Moreover, it was partially offset by non-recurrent production footprint adequacy cost of around ARS188m, without whi...

Argentine cement demand up 5% in July

08 August 2019, Published under Cement News

Total cement consumption in Argentina in July 2019 increased 5.1 per cent YoY to 1,000,711t, according to the country’s cement association, AFCP. The market requirement was entirely supplied by domestic plants, unlike in July 2018 when 2540t of cement was imported. Production from Argentine plants during July 2019 reached 1,003,869t, up 5.4 per cent when compared with July 2018. This includes 3158t of exports, which represents a YoY rise of 18.3 per cent. January-July 2019 In the year ...

Loma Negra reports fire at L'Amalí plant

06 August 2019, Published under Cement News

Argentina’s Loma Negra has reported that a fire broke out in an auxiliary building of the second line at its L'Amalí plant, Olavarría, last Thursday night. The line is still under construction, however the cause of the incident is yet to be determined. The company has noted that no significant impacts are expected and the plant will operate normally to serve its customers, according to a press release.

Holcim Argentina to replace 35% of energy with wind power

24 July 2019, Published under Cement News

Holcim Argentina has signed a contract with YPF Luz to replace 35 per cent of its conventionally-sourced energy with wind power. This translates to 142,000Mwh per annum of demand, which YPF Luz will supply from its 30MW Los Teros wind farm. The wind farm is currently being constructed in Azul, Buenos Aires, and will begin delivering power to the Argentine Interconnected System in February 2020. "It is a pleasure to present this agreement. It is a sign of Holcim’s commitment to sustainabilit...

Argentina's cement demand declines 11% in June

04 July 2019, Published under Cement News

The Argentine cement market contracted by 11.4 per cent YoY to 860,631Mt in June, according to the country’s cement association, AFCP. The domestic demand was entirely met by Argentina’s cement producers, who produced 863,924t of cement during the month. In terms of external trade, unlike in June 2018 when 2302t was imported, there were no cement cement imports in June 2019. However, the country’s cement companies exported 3293t of cement in June 2019 but volumes were down from 5067t in Ju...

Loma Negra to close Barker plant

14 June 2019, Published under Cement News

Argentina’s Loma Negra has announced that it will close its facility in Barker, Buenos Aires. The news follows a month of negotiations with the Ministry of Labor and previously confirmed job losses . As of Thursday, 13 June the plant will operate a single shift with 24 employees, while the procedures for a final closure will begin simultaneously. Loma Negra’s parent company, Carmargo Correa, has explained that the plant was obsolete, according to Perfil.

Argentine market expands 4% in May

05 June 2019, Published under Cement News

Argentina’s cement consumption advanced 4.3 per cent YoY to 964,762t in May 2019 from 924,211t in May 2018, according to the latest data by the country’s cement association, AFCP. Market demand was entirely met by domestic production in May 2019, unlike in the year-ago period when 554t was imported. In addition, cement producers in Argentina exported 8891t of cement, up 49 per cent YoY. January-May 2019 In the January-May 2019 period domestic demand slipped 6.9 per cent to 4.601Mt, dow...

Argentine demand drops 6% in April

15 May 2019, Published under Cement News

Argentina’s cement market contracted six per cent YoY to 900,938t in April 2019 when compared with 953,024t in April 2018, according to the country’s cement association, AFCP. However, unlike in the year-ago period there were no imports. In addition to domestic sales, the country’s cement producers exported 7799t of cement in April, surging by 59 per cent from 4900t in April 2019. January-April 2019 In the first four months of 2019 Argentina’s cement consumption declined by 9.5 per cen...

Loma Negra net revenue edges up 4% in 1Q19

10 May 2019, Published under Cement News

Argentina’s Loma Negra, part of InterCement, reported a 3.6 per cent YoY increase in net revenue to ARS7.428m (US$183m) in the first quarter of 2019 on the back of expanding concrete sales in Argentina and growth in cement revenues in Paraguay. Consolidated adjusted EBITDA was 17.9 per cent higher YoY to ARS2.136m in the 1Q19, mainly due to cement, masonry and lime business in the domestic market but also as a result of expansion in the main other segments. In addition, it was partially of...