Cement News tagged under: Argentina

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Argentina’s cement dispatches decline 33% in May

05 June 2020, Published under Cement News

Cement consumption in Argentina decreased by 32.8 per cent in May 2020 to reach 648,562t, according to new data published by AFCP, the country’s cement association. In May 2019 domestic dispatches were 964,733t. All volumes were supplied by Argentine cement producers with no imports entering the country. In addition, domestic producers exported 4573t of cement in May 2020, down 48.6 per cent when compared with 8891t of cement exported in May 2019. January-May 2020 In the first five mont...

Argentina’s market contracts 55% in April

13 May 2020, Published under Cement News

Cement consumption in Argentina dropped 55.2 per cent YoY and 19.7 per cent MoM in April 2020 to 403,652t from 900,938t in April 2019, according to the latest data by the country’s cement association, AFCP. Production in domestic cement plants fell by 55.1 per cent to 407,645t in February 2020 from 908,737t in the equivalent period of the previous year. When compared with March 2020, the decline was 19.8 per cent. There were no imports in April. Exports saw a 48.8 per cent YoY decrease t...

Loma Negra reports 30% decline in revenue

12 May 2020, Published under Cement News

Argentina’s Loma Negra has reported a 29.6 per cent fall in net revenue to ARS7.77bn (US$122m) in the first quarter of 2020, compared to ARS11bn in the year-ago period. The company’s net profit saw a 44.4 per cent YoY decline to ARS881m from ARS1.58bn. Consolidated adjusted EBITDA was down 17.9 per cent YoY to ARS2.60bn, while the adjusted EBITDA margin increased to 33.5 per cent from 28.7 per cent. "In this unprecedented COVID-19 situation, we are proud of the resilience and ingenuity...

Argentina's cement market contracts 47% in March

09 April 2020, Published under Cement News

Cement demand in Argentina fell 46.5 per cent to 502,541t in March 2020 when compared to March 2019 when consumption reached 940,167t, according to the country’s cement association, AFCP. When compared with February 2020, the drop was 26.8 per cent from 686,602t.  In terms of dispatches, domestic supply was entirely met by Argentinian producers, who also exported 6034t. This represents a YoY and MoM drop of 54.5 and 72.1 per cent, respectively. January-March 2020 In the first quarter o...

Loma Negra sees net profit advance 35% in 2019

11 March 2020, Published under Cement News

Argentina’s Loma Negra has reported a 5.5 per cent YoY decline in revenue to ARS38.95bn (US$660m) for the full-year 2019 period, compared with ARS41.24bn in the previous year. However, net profit surged 34.8 per cent YoY to ARS4.04bn from ARS3bn. Adjusted EBITDA also climbed 2.3 per cent YoY to reach ARS11.21bn. The company’s sales volumes of cement, masonry and lime fell 9.7 per cent overall to 6.04Mt in 2019. Argentina contributed 5.47Mt (-10.6 per cent YoY), while Paraguay saw sales of ...

Argentine cement market contracts 25% in February

06 March 2020, Published under Cement News

Cement demand in Argentina fell 25.4 per cent YoY ad 7.9 per cent MoM to 686,671t in February 2020, according to AFCP, the domestic cement association. There were no imports as domestic cement producers were able to meet the entire volume required by the market. Cement producers manufactured 695,045t of cement with 8374t shipped for export in February 2020. The production volume fell 25.2 per cent YoY and 8.3 per cent MoM. In the first two months of 2020 total cement consumption in the c...

Cementos Molins reports 5% rise in net profit for 2019

28 February 2020, Published under Cement News

Cementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentine peso and the hyperinflation in the Latin American country impacted the results. Excluding this, consolidated net profit growth would have been 16 per cent while EBITDA would have advanced by 13 per cent, said the company in a statement. The company achieved a turnover of EUR797m, reporting a four per cent YoY incr...

San Luis rotary kiln burner ignited

27 February 2020, Published under Cement News

On 21 February 2020  the main burner of the rotary kiln in the Lindos project for Cementos Avellaneda at San Luis, Argentina, was successfully ignited. SINOMA-TCDRI  was the contractor for the project. The successful ignition marks the start of the trial production and performance test phase from the installation and commissioning stage.

Argentina’s cement market contracts 15% in January

11 February 2020, Published under Cement News

Argentine cement consumption fell by 14.7 per cent YoY to 745,709t in January 2020, according to AFCP, the country’s cement association. The market was entirely supplied by domestic production and no imports were recorded. Output from Argentine cement plants reached 758,123t, down 14.3 per cent YoY from 884,363t in January 2018. Of this total, 12,414t were exported, representing a 19.6 per cent increase when compared with the year-ago period.

Mario Bollo appointed as new Geocycle manager

08 January 2020, Published under Cement News

Geocycle has appointed Mariano Bollo as its new manager in Argentina. Mr Bollo is a chemical engineer with an MBA from the Universidad Católica de Salta. He started his career at Holcim Argentina in 2006, fulfilling different roles at the company’s cement plants in Jujuy, Mendoza, Córdoba and Buenos Aires. “I feel very fortunate to be able to lead the Geocycle team and in this way, strengthen the involvement of governments and society in general to improve the environmental conditions of...