Cement News tagged under: Argentina

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Argentina consumption up 17% YoY in June

18 July 2017, Published under Cement News

Argentina’s cement market expanded 4.1 per cent MoM to 1,007,450t in June, according to the country’s cement association, AFCP. When compared with June 2016, the increase reached 17.2 per cent. Around 8972t of imports are included in this figure – more than quadrupling when compared with June 2016 although when compared with May 2017, the rise is more modest at 51 per cent. Domestic cement companies dispatched 1,001,428t, including exports, up 3.6 per cent MoM and 16.1 per cent YoY. Of th...

Argentine cement market expands 9% YoY in May

29 June 2017, Published under Cement News

Argentina’s cement demand increased 9.8 per cent YoY to 967,695t, according to the country’s cement association, AFCP. The rise in consumption is mainly attributable to an increase in bulk cement, which was up 28 per cent YoY, offsetting a three per cent dip in bagged sales. Domestic demand includes 5932t of imports, a MoM rise of 86.7 per cent. In May 2016 there were no cement imports. In terms of dispatches by domestic producers, these reached 966,958t in May, representing a MoM...

Loma Negra board to consider equity offering

13 June 2017, Published under Cement News

Cimpor announced that the board of directors of its subsidiary, Loma Negra (Argentina) has called for an Extraordinary General Meeting (EGM) to consider the necessary moves required for it to pursue an equity offering on the local and international capital markets. The move is among the initiatives undertaken by Cimpor “to reinforce its capital structure,” the parent company said in a statement. The EGM will be held on 3 July in Olavarría, Argentina.

Holcim Argentina appoints Carlos Espina as new CEO

19 May 2017, Published under Cement News

Mr Espina has been the LafargeHolcim’s senior vice president of research and development since 2012 and based in the group’s Research Centre in Lyon, France. Holder of a degree in Mining Engineering, Metallurgy and Materials Sciences of the University of Oviedo, Spain and an MBA of the European School of Management Development (EUDEM), he was CEO of Arcelor Méditerranée before moving to LafargeHolcim.

Cementos Molins to raise capacity by 4.4Mta

09 May 2017, Published under Cement News

In the next three years Cementos Molins plans to invest EUR350m to increase its capacity by 4.4Mta. The company currently has projects in Argentina, Colombia and Bangladesh. In Argentina the company will invest EUR100m in its joint venture with Votorantim, Cementos Avellaneda. The sum represents about half the investment required to add 0.2Mta at the Olavarría unit this year and expand capacity at the San Luis works to 0.9Mta by 2019.  Meanwhile, in Colombia Cementos Molins and its pa...

Argentine cement demand sees 12% rise

08 May 2017, Published under Cement News

Argentina saw a 18.1 per cent MoM drop to 845,690t in dispatches (including exports) in April but noted a 10.7 per cent rise YoY, according to the country’s Portland Cement Manufacturers’ Association. Domestic deliveries fell by 184,000t or 17.8 per cent to 844,324t when compared with March, despite a rebound in the first few months of the year, supported by private and public works. However, when compared with April 2016, the domestic market expanded by 11.6 per cent. Exports were dow...

Holcim (Argentina) approves clinker imports

20 April 2017, Published under Cement News

Holcim (Argentina) has approved the import of up to six vessels of clinker for the period up to April 2018 via LH Trading, according to a company statement. The shipments represents some 250,800t of clinker with an approximate value of US$16.3m. The imports, which are expected to start in May, will help the company to meet growing demand as the country sees increased construction activity. LafargeHolcim’s Argentinian subsidiary has a production capacity of 4.8Mta.

Argentina's cement producers set new March dispatch record

05 April 2017, Published under Cement News

Argentina’s cement companies dispatched 1,032,119t of cement in March 2017, surpassing the previous record of March shipments, set in 2015 when 979,452t were delivered to customers. The latest delivery volume is 15.5 per cent higher YoY and 28.7 per cent above the February 2017 level, according to AFCP, the country’s cement association. For the first quarter of the year, dispatches are up 6.2 per cent when compared with January-March 2016. The rise is attributed mainly to a signif...

Fancesa: no exports to Paraguay and Argentina

24 March 2017, Published under Cement News

Bolivia’s Fancesa no longer views Paraguay and Argentina as viable export markets for its products. While the neighbouring countries would have provided an alternative sales route for Bolivia’s oversupply of cement a few years ago, domestic product of these countries is now cheaper and more readily available, said Eduardo Kunstek of Fancesa. For instance, the recent price decrease in Paraguay sees a 50kg bag of cement sell for PYG39,800 or BOB47 with a further fall to PYG36,000 or BOB46 ...

Argentina cement market contracts 0.8 per cent in 2M17

07 March 2017, Published under Cement News

Argentina's cement producers dispatched 801,782t of cement in February, a 0.8 per cent drop MoM and 8.7 per cent YoY, according to the Argentine cement producers' association, AFCP. Domestic sales decreased 0.8 per cent YoY to 801,782t in February 2017 from 808,310t in February 2016. Exports increased 9.3 per cent YoY to 6652t from 6084t. Supply from local cement plant was supplemented by 4210t of imports, which saw a considerable hike when compared with 30t imported in February 2016....