Cement News tagged under: Argentina
Argentine cement demand declines 13% in August08 September 2020, Published under Cement NewsThe Argentine cement market contracted 12.5 per cent YoY to 917,297t in August 2020, according to the latest data published by AFCP, the country’s cement association. However, when compared with the previous month, an expansion in sales of 6.3 per cent was reported. Domestic cement producers supplied 922,807t of cement, down 12.3 per cent YoY, including 5510t of exports. Exports increased 30.3 per cent YoY from 4230t in August 2019. There were no imports. January-August 2020 In the firs... |
Loma Negra sells majority stake in Yguazú Cementos27 August 2020, Published under Cement NewsArgentina-based Loma Negra (Intercement) has sold its 51 per cent majority stake in Paraguay’s Yguazú Cementos. The value of the deal was not announced, but the company had been valued at US$80m. The buyer was a local shareholder company ConcretMix (owned by Grupo Bogarín), according to a note sent to Argentina’s National Securities Commission. Loma Negra is expected to use the funds from the transaction to pay its debt with local banks. In 2000 Intercement founded Yguazú Cementos in partn... |
Taking Loma Negra to the next level12 August 2020, Published under Cement NewsInterCement subsidiary Loma Negra has been in the process of expanding its L’Amalí cement plant in Argentina, including a new 5800tpd state-of-the-art kiln, two vertical roller mills as well as a complete system for bagging and palletising. Construction work has been disrupted due to the COVID-19 crisis, but the project team is now looking forward to completing this ambitious investment that will take L’Amalí to the next level. By Loma Negra, Argentina. Loma Negra’s L’Amalí 2 project ... |
Loma Negra sees 30% decline in revenue for 2Q2012 August 2020, Published under Cement NewsArgentina’s Loma Negra has announced a 30.1 per cent YoY decline in net revenue to ARS7453m (US$104m) in the second quarter of 2020. Consolidated adjusted EBITDA was also down 24.6 per cent to ARS2077m, while the margin climbed from 25.8 to 27.9 per cent. "Cement demand in Argentina in the second quarter contracted around 32 per cent YoY and around four per cent when compared sequentially with the previous quarter. Taking a closer look on the behaviour of our demand, we observed that the in... |
Argentina reports 14% demand drop in July07 August 2020, Published under Cement NewsIn July 2020 Argentina’s cement market contracted by 13.5 per cent YoY to 865,869t but expanded by 8.5 per cent MoM, according to the country’s cement association, AFCP. The market was entirely supplied by domestic production with no imports reported. Output from Argentina’s cement plants reached 870,835t in July 2020, down 13.2 per cent YoY from 1,003,628t in July 2019. When compared with June 2020, production was up 8.2 per cent. Exports rose 57.2 per cent to 4966t in July 2020 when co... |
Holcim Argentina appoints new commercial director17 July 2020, Published under Cement NewsHolcim Argentina has named Victor Mariaca as new commercial director. Mr Mariaca held previously commercial positions within Holcim, including regional commercial manager. He has also led commercial development at Grupo Herdez and Clorox in Mexico. "I am very happy to assume this new position, I hope I can contribute my experience to help the company achieve its objectives in this great country," said Mr Mariaca, who is Mexican and has a degree in Marketing from the Institute of Technolo... |
Argentine cement demand drops 7% YoY in June08 July 2020, Published under Cement NewsCement demand in Argentina has fallen 7.3 per cent YoY to 797,926t in June 2020, according to AFCP, the national cement association. However, MoM a 23 per cent advance was reported. Argentine cement producers supplied 804,727t of cement to the domestic and overseas market, representing a 6.9 per cent YoY decrease but a 23.2 per cent increase when compared with May 2020. Of this total they exported 6801t, more than double the export level of 3293t in June 2019. There were no imports. Janu... |
Argentina’s cement dispatches decline 33% in May05 June 2020, Published under Cement NewsCement consumption in Argentina decreased by 32.8 per cent in May 2020 to reach 648,562t, according to new data published by AFCP, the country’s cement association. In May 2019 domestic dispatches were 964,733t. All volumes were supplied by Argentine cement producers with no imports entering the country. In addition, domestic producers exported 4573t of cement in May 2020, down 48.6 per cent when compared with 8891t of cement exported in May 2019. January-May 2020 In the first five mont... |
Argentina’s market contracts 55% in April13 May 2020, Published under Cement NewsCement consumption in Argentina dropped 55.2 per cent YoY and 19.7 per cent MoM in April 2020 to 403,652t from 900,938t in April 2019, according to the latest data by the country’s cement association, AFCP. Production in domestic cement plants fell by 55.1 per cent to 407,645t in February 2020 from 908,737t in the equivalent period of the previous year. When compared with March 2020, the decline was 19.8 per cent. There were no imports in April. Exports saw a 48.8 per cent YoY decrease t... |
Loma Negra reports 30% decline in revenue12 May 2020, Published under Cement NewsArgentina’s Loma Negra has reported a 29.6 per cent fall in net revenue to ARS7.77bn (US$122m) in the first quarter of 2020, compared to ARS11bn in the year-ago period. The company’s net profit saw a 44.4 per cent YoY decline to ARS881m from ARS1.58bn. Consolidated adjusted EBITDA was down 17.9 per cent YoY to ARS2.60bn, while the adjusted EBITDA margin increased to 33.5 per cent from 28.7 per cent. "In this unprecedented COVID-19 situation, we are proud of the resilience and ingenuity... |