Cement News tagged under: Argentina

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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...

Loma Negra to cut 265 jobs

09 May 2019, Published under Cement News

Argentine cement producer Loma Negra, part of the InterCement Group, has announced that it plans to cut 265 jobs in its Barker cement plant Barker, Buenos Aires province. Currently the plant employs 330 staff. The company attributes the personnel reduction to the economic recession. The government is currently negotiating a solution, according to Esmerk Latin American News.

Loma Negra and Bridgestone enter water partnership

15 April 2019, Published under Cement News

Argentina’s Loma Negra and Bridgestone have entered a partnership to re-use in Llavallol, Buenos Aires province. Bridgestone will supply 200,000lpd of filtered water. The step will enable the cement producer to reduce pressure on the aquifer it uses to feed its plant.

Argentina’s cement demand declines 14% in March

04 April 2019, Published under Cement News

Cement demand in Argentina has fallen 13.8 per cent YoY to 940,112t in March 2019 when compared  with 1,091,122t in March 2018, according to the country’s cement association, AFCP. However, MoM consumption edged up 2.1 per cent. Market needs were entirely supplied by domestic producers as imports fell from 17,290t in March 2018 to zero, continuing the trend of the first two months of 2019. In addition to supplying the domestic market, they also exported 10,896t, representing a YoY increa...

Argentinian demand stable, exports rise in February 2019

12 March 2019, Published under Cement News

Cement demand in Argentina remained largely stable YoY at 921,112t in February 2019, but fell 5.4 per cent MoM, according to the country’s cement association, AFCP. Domestic demand was entirely met by output from Argentinian cement factories and, unlike in 2018, there were no imports into the Latin American country. Of the total of 929,491t produced by domestic cement companies in February, 921,112t was dispatched to the home market and 8379t exported, reflecting YoY increases of 1.4 and...

Loma Negra reports rise in net revenue

08 March 2019, Published under Cement News

Argentina’s Loma Negra has reported a 7.9 per cent YoY increase in net revenue to ARS26,807m (US$789m) in 2018, compared with ARS24,839m of the previous year. Adjusted EBITDA climbed 14.5 per cent to ARS7121m, while the EBITDA margin rose from 25 per cent to 26.6 per cent. "During 2018 cement demand in Argentina turned much weaker in the second half of the year resulting in a 2.6 per cent year-on-year decline for the year as a whole. Looking into 2019, we expect the negative cycle that sta...

Argentine hyperinflation costs Cementos Molins EUR11m

01 March 2019, Published under Cement News

Spain-based cement producer Cementos Molins saw a negative effect of EUR11m (US$12.5m) in its business results in 2018 due to the hyperinflation and the devaluation of Argentina, according to Spanish economic and business newspaper Expansión. Its profit fell by four per cent to EUR85m in 2018. The reduction of the Argentine’s subsidiary cash also affected the company’s debt levels, which increased by 22 per cent to EUR179m as a result of lower cash levels and investments made.