Cement News tagged under: Argentina

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Argentina’s cement market expands by a quarter in May

09 June 2022, Published under Cement News

Cement consumption in Argentina increased by 24.5 per cent to 1,087,998t in May 2022 when compared with May 2021 when 874,188t was sold in the domestic market, according to the country’s cement association, AFCP. MoM an increase of 4.7 per cent was seen. Argentine demand was entirely supplied by domestic cement plants as no imports were reported. The country’s producers increased output by 24.2 per cent YoY and 4.7 per cent MoM to 1,098,484t in May 2022. Of this total, 10,485t were exporte...

Loma Negra reports 1Q22 results

09 May 2022, Published under Cement News

Loma Negra saw its net sales revenue decrease by 5.5 per cent to ARS19.3bn (US$171m) in the first quarter of 2022 as cement and concrete sales declined and improvements in aggregates in the railway segment. Consolidated adjusted EBITDA reached ARS6.484bn, down 11.2 per cent when compared with the 1Q21. The EBITDA margin contracted 214 basis points YoY from 35.7 to 33.6 per cent. The net profit of ARS3.134bn was down 21.3 per cent when compared with the year-ago period. Commenting on the...

Argentina’s cement consumption up 10% in April

09 May 2022, Published under Cement News

The Argentine cement demand increased by 9.6 per cent YoY in April 2022 to reach 1,039,320t, according to the country’s cement association, AFCP. In April 2021 cement’s consumption stood at 947,965t. All cement sold in the country was supplied by domestic producers with no imports reported. Domestic cement plants produced 1,049,302t in April 2022, up 9.8 per cent when compared with April 2021 when 955,508t were produced. Exports were up 32.3 per cent to 9982t in April 2022 from 7543t in ...

Argentine cement market expands 8% in March

13 April 2022, Published under Cement News

Argentina’s cement demand increased 7.5 per cent YoY to 1,047,194t in March 2022 when compared with March 2021, when consumption reached 974,347t, according to the country’s cement association, AFCP. When compared with the previous month, demand increased by 11.6 per cent. The demand was entirely met by domestic production, which saw a 7.6 per cent uptick YoY to 1,058,655t from 983,867t in March 2021. When compared with February 2022, the increase was 11.6 per cent. Of the total output, ...

Holcim Argentina warns of gas shortage stopping kilns over winter

06 April 2022, Published under Cement News

Holcim Argentina’s CEO, Christian Dedeu, has warned that clinker production at its plants could come to a halt as he has no guarantee that there will be gas to fire the kilns this coming winter (June-August 2022). “We do not have guaranteed gas for the winter, which puts cement production at risk. The impact can be very strong for the construction activity,” said Mr Dedeu. Moreover, gas prices remain sky-high and the rise in production costs is difficult to offset. However, the company is ...

Geocycle to double capacity at Córdoba RDF facility

16 March 2022, Published under Cement News

Holcim subsidiary Geocycle and the Municipality of Córdoba, Argentina, have signed an agreement to double the capacity of Geocycle’s waste processing plant at Piedra Blanca landfill. Inaugurated last November the refuse-derived fuel (RDF) plant currently has a capacity of 50,000tpa and the plan is to expand this to 100,000tpa. The facility is fully automated and processes the waste that arrives in the collection trucks operating in the central area. The garbage is shredded and screened...

Loma Negra expects Argentina's cement demand to continue rising

11 March 2022, Published under Cement News

This week CemNet reported that cement consumption in Argentina had expanded by 16 per cent in February, as the market continues to consolidate its recovery from the pandemic. The improving market is a big boost for domestic cement producers such as Loma Negra which released slightly downbeat results for the 4Q21. Loma Negra, a subsidiary of InterCement (Brazil), reported a 37.4 per cent fall in net profits in the 4Q21 to ARS2795m (US$25.8m). However, sales volumes of cement, masonry and lim...

Argentina’s cement market expands 16% in February

08 March 2022, Published under Cement News

Cement consumption in Argentina increased 15.6 per cent YoY to 938,327t in February 2022 when compared with 811,697t in the second month of the previous year, according to AFCP, the national cement association. The country’s entire demand was supplied by domestic production, which advanced 15.7 per cent YoY to 949,113t in February 2022, up from 820,255t in February 2021. In addition to local supply, Argentina’s cement producers exported 10,786t of cement, up 26 per cent from 8558t in the ...

Loma Negra sees 37% drop in net profit in 4Q21

08 March 2022, Published under Cement News

Argentina-based Loma Negra , owned by I ntercement do Brazil SA ,  reported a 37.4 per cent fall in net profit to ARS2795m (US$25.8m) in the fourth quarter of 2021. Revenues from sales in the 4Q21 declined 3.8 per cent YoY to ARS19,257m, driven by a decrease in cement sales and only partially offset by improved sales in aggregates and the company’s railway business. However, bagged sales remained robust on the back of solid demand from the retail market. Retail demand kept its strong p...

Argentina’s market contracts 2% in January

08 February 2022, Published under Cement News

Argentina’s cement market saw a two per cent contraction to 877,200t in January 2022 when compared with January 2021 when sales reached 895,416t, reports the country’s cement association, AFCP. When compared with the previous month, the drop was 14.4 per cent from 1,025,197t. The market was entirely supplied by domestic production, which declined two per cent YoY to 885,993t in January 2022 from 903,614t in January 2021. When compared with December 2021, when output stood at 1,034,552t, th...