Cement News tagged under: Argentina

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Cementos Avellaneda starts Olavarría wind farm

09 May 2023, Published under Cement News

Cementos Avellaneda ( Cementos Molins group ) has announced that it has starting the PECASA wind farm project together with YPF LUZ. This   wind farm will supply sustainable energy to the Olavarría cement plant, contributing to a cleaner and greener future.   This is an important step in the cement producer’s mission to promote renewable energy and sustainable development, which adds to the development of the solar park at the San Luis cement plant. Together with YPF Luz, Cemento...

Argentine cement consumption up 6% in March

06 April 2023, Published under Cement News

Argentina’s cement market expanded by 6.4 per cent in March 2023 as 1,114,722t of cement were supplied, compared to 1,047,227t in March 2022, according to the country’s cement association, AFCP. Compared with February 2023, the advance was 24.4 per cent. Domestic production of 1,114,003t – up 6.4 per cent YoY from 1,047,227t – was supplemented by 719t of imports to meet the market requirement in March 2023. Exports dropped considerably to 3770t in March 2023 from 11,462t in March 2022. ...

Holcim Argentina acquires 51% stake in Quitam SA

29 March 2023, Published under Cement News

Holcim Argentina has acquired a 51 per cent stake in paints and liquid membranes producer Quitam SA. According to Holcim, the move is “aligned with the Holcim Group strategy focused on expanding its portfolio with products and services that provide comprehensive solutions for construction.” The deal includes a paint and coatings factory with an installed production capacity of 40m litres per year. Holcim plans to supply Quitam’s products to the market through its existing retail network...

Loma Negra posts 1% uptick in revenue in 2022

10 March 2023, Published under Cement News

Argentina’s Loma Negra has reported a two per cent YoY increase in revenue in the 4Q22 to ARS36,763m (US$215m), mainly driven by a strong performance in the concrete and aggregates segments, which helped offset a fall in cement sales. Adjusted EBITDA came in at ARS13,173m, up 5.4 per cent YoY in adjusted pesos, or up 42.7 per cent in dollars at US$91m. Net profit over the quarter stood at ARS7452m, boosted by the sale of non-strategic property, according to the company.  For the full y...

Argentina's cement consumption down 5% in February

07 March 2023, Published under Cement News

The cement market in Argentina contracted by 4.5 per cent YoY and 6.5 per cent MoM to 895,938t in February 2023, according to the country’s cement association, AFCP. In February 2022 demand reached 938,072t while in January 2023 it stood at 958,230t. All domestic demand was supplied by local cement producers, who produced 900,150t, down 5.1 per cent YoY from 948,858t and -6.8 per cent MoM from 965,633t. Of total output, 4212t was exported, representing a 60.9 per cent YoY drop from 10,786t...

Argentina’s cement market expands 9% in January

07 February 2023, Published under Cement News

Argentine cement demand increased by 9.2 per cent YoY and 2.7 per cent MoM to 957,958t in January 2023, according to the country’s cement association, AFCP. The market was entirely supplied by domestic producers, whose output, including export supply, expanded 8.9 per cent YoY and three per cent MoM to 965,361t. However, exports fell 15.8 per cent from 8793t in January 2022 to 7403t in January 2022.

Sinoma’s Latin American debut

09 January 2023, Published under Cement News

Loma Negra’s L’Amali Line II project in Argentina is the first EPC project contracted by Sinoma Overseas Development Co Ltd (a subsidiary of CNBM) in South America. Involving the successful integration of international and local expertise, performance results after the first year of operation have exceeded guarantee values. By Sinoma Overseas Development Co Ltd, China. Sinoma Overseas Development Co’s scope for the 5800tpd L’Amali Line II project spanned the complete cement product...

Argentina’s cement market expands 7% in 2022

06 January 2023, Published under Cement News

Cement demand in Argentina fell by nine per cent to 932,661t in December 2022 from 1,144,123t in December 2021, reports the country’s cement association, AFCP. When compared with the previous month, the December volume sold dropped 18.5 per cent. All cement was supplied by domestic producers and there were no imports. Argentine cement plants produced 936,893t in December 2022, representing a YoY decline of 9.4 per cent and a MoM decrease of 18.6 per cent. Of this total, exports accounted f...

Cement demand in Argentina up 9% in 11M22

13 December 2022, Published under Cement News

Cement consumption in Argentina saw a 0.2 per cent uptick in November 2022 to 1,144,153t when compared with November 2022, when the market absorbed 1,142,127t, according to the country’s cement association, AFCP. Domestic demand was entirely served by local cement producers, who dispatched 1,151,660t, up 0.1 per cent YoY from 1,150,124t. This included 7507t of exports, down 6.1 per cent when compared with 7997t exported in November 2021. January-November 2022 Argentine cement consumpti...

Loma Negra reports 4% revenue growth in 3Q22

10 November 2022, Published under Cement News

Argentina-based Loma Negra has posted a 4.2 per cent YoY rise in revenue to ARS33,942m (US$212m) in the 3Q22. This is mainly attributed to an increase in cement sales along with s strong performance by the company’s concrete and aggregates segments. Consolidated adjusted EBITDA over the same period fell 12.7 per cent YoY in adjusted pesos to ARS7508m but advanced 33.9 per cent YoY to US$68m in dollars. The consolidated adjusted EBITDA margin contracted from 26.4 per cent to 22.1 per cen...