Cement News tagged under: Argentina
Loma Negra net revenue edges up 4% in 1Q1910 May 2019, Published under Cement NewsArgentina’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 jobs09 May 2019, Published under Cement NewsArgentine 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 partnership15 April 2019, Published under Cement NewsArgentina’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 March04 April 2019, Published under Cement NewsCement 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 201912 March 2019, Published under Cement NewsCement 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 revenue08 March 2019, Published under Cement NewsArgentina’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 EUR11m01 March 2019, Published under Cement NewsSpain-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. |
Unitherm-Cemcon delivers MAS burner to Argentinian plant20 February 2019, Published under Cement NewsUnitherm-Cemcon has delivered firing equipment to a cement plant in Argentina, following completion of the factory acceptance test (FAT) and successful inspection of the goods by an inspection company. The burners and accessories are part of a preheater upgrade to increase kiln capacity and solid secondary firing. The scope of supply included: • one rotary kiln burner MAS/7/KO EG X (fuels: coal, natural gas, solid secondary fuel) with a nominal capacity of 114MW • flame monitoring device ... |
Argentina's cement consumption declines 16% in January15 February 2019, Published under Cement NewsCement demand in Argentina fell 16.3 per cent to 873,958t in January 2018, when compared with 1,043,732t in January 2017, according to the latest data from the Argentinian cement association, AFCP. This demand was supplied entirely by domestic producers and no imports were reported. Total output declined by 14.2 per cent YoY to 884,334t in the first month of the year from 1,030,361t in January 2017. Of this total, around 10,376t were exported, a significant improvement when compared with 8... |
Argentina sees dispatches fall 20% in December04 January 2019, Published under Cement NewsArgentina’s cement market contracted 19.5 per cent YoY to 808,887t in December 2018, according to the country’s cement association, AFCP. In December 2017 domestic off-take was 1.004Mt. When compared with 970,181t of deliveries reported November 2018, the decline was around 16.6 per cent. The data include imports of 520t, a sharp drop from 13,860t recorded in December 2017. Argentine cement companies produced 818,939t of cement in December 2018, representing a 17.9 per cent drop when compa... |