Cement News tagged under: Argentina
Geocycle to double capacity at Córdoba RDF facility16 March 2022, Published under Cement NewsHolcim subsidiary Geocycle and the Municipality of Córdoba, Argentina, have signed an agreement to double the capacity of Geocycle’s waste processing plant at Piedra Blanca landfill. Inaugurated last November the refuse-derived fuel (RDF) plant currently has a capacity of 50,000tpa and the plan is to expand this to 100,000tpa. The facility is fully automated and processes the waste that arrives in the collection trucks operating in the central area. The garbage is shredded and screened... |
Loma Negra expects Argentina's cement demand to continue rising11 March 2022, Published under Cement NewsThis week CemNet reported that cement consumption in Argentina had expanded by 16 per cent in February, as the market continues to consolidate its recovery from the pandemic. The improving market is a big boost for domestic cement producers such as Loma Negra which released slightly downbeat results for the 4Q21. Loma Negra, a subsidiary of InterCement (Brazil), reported a 37.4 per cent fall in net profits in the 4Q21 to ARS2795m (US$25.8m). However, sales volumes of cement, masonry and lim... |
Argentina’s cement market expands 16% in February08 March 2022, Published under Cement NewsCement consumption in Argentina increased 15.6 per cent YoY to 938,327t in February 2022 when compared with 811,697t in the second month of the previous year, according to AFCP, the national cement association. The country’s entire demand was supplied by domestic production, which advanced 15.7 per cent YoY to 949,113t in February 2022, up from 820,255t in February 2021. In addition to local supply, Argentina’s cement producers exported 10,786t of cement, up 26 per cent from 8558t in the ... |
Loma Negra sees 37% drop in net profit in 4Q2108 March 2022, Published under Cement NewsArgentina-based Loma Negra , owned by I ntercement do Brazil SA , reported a 37.4 per cent fall in net profit to ARS2795m (US$25.8m) in the fourth quarter of 2021. Revenues from sales in the 4Q21 declined 3.8 per cent YoY to ARS19,257m, driven by a decrease in cement sales and only partially offset by improved sales in aggregates and the company’s railway business. However, bagged sales remained robust on the back of solid demand from the retail market. Retail demand kept its strong p... |
Argentina’s market contracts 2% in January08 February 2022, Published under Cement NewsArgentina’s cement market saw a two per cent contraction to 877,200t in January 2022 when compared with January 2021 when sales reached 895,416t, reports the country’s cement association, AFCP. When compared with the previous month, the drop was 14.4 per cent from 1,025,197t. The market was entirely supplied by domestic production, which declined two per cent YoY to 885,993t in January 2022 from 903,614t in January 2021. When compared with December 2021, when output stood at 1,034,552t, th... |
Argentina’s cement demand advances 23% in 202114 January 2022, Published under Cement NewsArgentina’s cement marked expanded five per cent to 1,025,371t in December 2021 when compared with 976,945t in December 2020, according to the country’s cement association, AFCP. However, when compared with the previous month, dispatches were down 10.2 per cent. In addition to supply the domestic market, producers exported 9354t of cement in December 2021, down from 16,837t in December 2020. There were no imports. Total domestic supply in December 2021 reached 1,034,726t, up 4.1 per cent... |
Argentina's cement market sees 5% growth in November08 December 2021, Published under Cement NewsArgentine cement consumption expanded 4.6 per cent in November 2021 to 1,142,140t from 1,092,246t in November 2020, according to the country’s cement association, AFCP. Domestic market demand in November 2021 was entirely met by output from Argentina’s cement producers. In addition, they exported 7997t of cement, down from 40,740t in November 2020. In the January-November 2021 period cement demand reached 10.986Mt, up 25.3 per cent YoY from 8.765Mt in the 11M20. Exports slipped from 114,7... |
Loma Negra inaugurates second line08 December 2021, Published under Cement NewsLoma Negra (InterCement group) has inaugurated its new production line at the L'Amalí plant in Olavarría, Argentina. Together with national, provincial and municipal authorities, and the cement manufacturer’s customers and suppliers, the second production line of L'Amalí, the largest cement plant in South America, was inaugurated on 6 December 2021. Its incorporation allows the company to increase cement production capacity by 40 per cent and create more than 160 new direct jobs. |
InterCement's cement volumes remain stable in 3Q21 at 5.4Mt01 December 2021, Published under Cement NewsInterCement reports that its total cement volume remained at a solid 5.4Mt in the 3Q21, reflecting stability YoY due to the sizeable comparison base of last year, when post pandemic pent-up demand enhanced the base. The cement industry in Argentina remained on a strong pace, with Loma Negra volumes up eight per cent YoY, helped by some recovery of bulk segment. Argentine volumes expanded by 8.4 per cent versus the 3Q20. InterCement’s Brazilian volumes sold reached 2.5Mt, despite... |
Loma Negra reports 9% increase in 3Q revenue12 November 2021, Published under Cement NewsArgentina’s Loma Negra has reported an 8.5 per cent YoY increase in revenue to ARS17,800m (US$176m) in the third quarter of 2021, against ARS16,399m in the comparable period of 2020. Consolidated adjusted EBITDA declined 9.1 per cent to ARS4696m from ARS5167m, while the margin fell to 26.4 per cent from 31.5 per cent. Net profit also decreased 84.9 per cent YoY to ARS1490m, mainly due to an extraordinary result in the year-ago period which saw a divestment in Paraguay. “We are pleased to ... |