Cement News tagged under: Argentina
Argentina reports upturn in cement demand in August08 September 2016, Published under Cement NewsCement dispatches in Argentina increased by 6.7 per cent YoY in August, according to preliminary figures published by the Argentine cement association, AFCP. The domestic market required the supply of 1,042,862t, up from 977,469t in August 2015. Argentine output was supplemented by 1.366Mt of imports, unlike the same period of the previous year when no imports entered the country. Exports fell by nearly 20 per cent from 4.152Mt in August 2015 to 3.33Mt one year later. For the first ei... |
Cimpor takes massive provisions in Brazil02 September 2016, Published under Cement NewsCimpor's first-half turnover dropped by 31.1 per cent to EUR897.3m, while EBITDA declined by 39.1 per cent to EUR170.1m. The amortisation and provision charge jumped from EUR100.6m to EUR527.9m as a result of a EUR433m good-will impairment charge relating to Brazil. This led to the trading result falling from a profit of EUR178.6m to a EUR357.7m loss and after a 9.2 per cent increase in the net financial charge to EUR182.2m there was a pretax loss of EUR539.9m against a profit of EUR11.8m. A... |
Cementos Avellaneda to invest in Canuelas logistics centre23 August 2016, Published under Cement NewsArgentina’s Cementos Avellaneda will invest in a logistics centre in Canuelas. The company, which is a joint venture between Votorantim Cimentos and Cementos Molins, acquired a 9000m 2 plot in an industrial complex alongside Route 6. Initial plans are to build a 1500m 2 warehouse, an office and a truck parking area. During a second stage, the company has the option to build a concrete plant. |
Argentina's cement demand down 20.7%09 August 2016, Published under Cement NewsIn July Argentina's cement demand fell 20.7 per cent YoY from 1,069,622t in July 2015 to 847,684t and slipped 1.1 per cent from the 857,525t recorded in June, according to the country cement association, AFCP. Exports also decreased from 4140t in July 2015 to 3696t one year later. Compared with June 2016, they dropped 26.4 per cent. In the year to date, domestic cement consumption declined 15.2 per cent from 6,946,742t in Jan-Jul 2015 to 5,889,665t in the first seven months of 2016. Argen... |
Argentina: domestic demand down 19% in June 201612 July 2016, Published under Cement NewsArgentina’s cement demand contracted 18.8 per cent YoY in June 2016 to 857,525t from 1,055,434t in June 2015 and by 2.7 per cent MoM from 881,663t in May 2016, according to data from domestic cement association, AFCP. The country’s cement producers also found no relief in exports as these fell by 0.9 per cent YoY from 4976t to 5020t in June 2016 and by 35.3 per cent MoM from 7758t in May 2016. For the first six months of 2016, domestic cement consumption dropped sharply by 14.2 per cent ... |
Argentine cement demand notes 16.5% rise in May10 June 2016, Published under Cement NewsDispatches from Argentina’s cement plants rose by 16.5 per cent in May 2016 after a six consecutive months of decreases. Around 881,000t of cement were delivered to the domestic market, according to the country’s cement association AFCP. Some 9000t of cement was exported by domestic producers during May, reflecting a 22.7 per cent drop in export sales when compared with last October’s export peak of 1.1Mta. For the first five months, cement demand in the Latin American contract has fal... |
Argentina: cement sales fall by over a quarter10 May 2016, Published under Cement NewsArgentina’s cement market contracted 27.6 per cent YoY in April 2016, according to the latest data from Asociación de Fábricas de Cemento Portland (AFCP). Total cement sales, including exports, fell 31 per cent during the period. The fall in domestic sales has been attributed to the economic recession and the decision by the government to delay key infrastructure works. As a result, the country’s cement association now forecasts cement dispatches for 2016 to reach 10.5Mt, some 13.4 per c... |
Cementos Molins plans US$189mn investment in Argentina26 April 2016, Published under Cement NewsCementos Molins SA, Spain, the main stakeholder in Argentina's Cementos Avellaneda, said on Monday it plans to invest US$189mn to expand production at the company's local facilities. The company currently operates a 0.3Mta capacity plant in San Luis province which will be expanded to 1Mta after the upgrade. The investment comes after moves by President Mauricio Macri to reconcile Argentina with global capital markets and improve the level of foreign investment in an effort to revive the fl... |
Argentina monthly demand down 7.5 per cent YoY08 February 2016, Published under Cement NewsArgentina’s cement demand fell 7.5 per cent YoY and eight per cent MoM to 858,453t in January 2016, according to figures published by AFCP, the country’s cement association. Exports plunged by nearly 74 per cent YoY from 16,589t in January 2015 to 4334t, the data also showed. |
Argentina’s demand rises 3.6% YoY in December11 January 2016, Published under Cement NewsIn December 2015 Argentina’s cement producers dispatched 937,907t of cement, including exports, which represents a fall of 5.9 per cent MoM but a 3.6 per cent increase YoY, according to provisional figures published by AFCP, the country’s cement association. The Argentinian cement market contracted 6.3 per cent MoM but expanded 4.6 per cent YoY in the last month of 2015 as 933,160t were sold. Exports fell from 13,156t in December 2014 to 4803t one year later. In November 2015 overseas... |