Cement News tagged under: Bolivia
Bolivian market contracts 33% YoY in August09 November 2020, Published under Cement NewsCement consumption in Bolivia edged up 7.4 per cent MoM from 231,662t in July 2020 to 248,852t in August 2020, according to the country’s statistics agency, INE. When compared with August 2019, demand fell 32.7 per cent from 369,520t. Cement production in domestic cement plants slipped 2.6 per cent MoM from 256,231t in July 2020 to 249,579t in August. When compared with August 2019, the drop was 30.4 per cent from 358,461t. |
Bolivian cement demand falls 34% in 4M2006 July 2020, Published under Cement NewsCement consumption in Bolivia has declined 34.2 per cent YoY in the 4M20 as a result of the quarantine imposed due to the COVID-19 pandemic, according to the Bolivian statistics agency, INE. Total consumption in the January-April 2020 period reached 787,586t. In January demand was 10.2 per cent YoY to 303,589t while in February consumption fell 11.3 per cent YoY to 262,895t. However, on 22 March the Bolivian imposed a 14-day lockdown, which was extended to 30 April and again to 11 May. As ... |
Work on Potosí to resume01 July 2020, Published under Cement NewsConstruction work on the new state-owned Potosí cement works in Bolivia will resume in July, according to House of Representatives member Gonzalo Barrientos. "In July, the works of the Potosí cement factory will restart, which is part of the economic reactivation measures. In five months, the project for provisional delivery will be completed," said Mr Barrientos. Pending resources will be transferred to the company in charge of project implementation so the work can be resumed. In addi... |
Start-up of Fancesa project postponed to 1Q2110 June 2020, Published under Cement NewsThe coronavirus pandemic has seen a readjustment of the work schedule of the new plant being built in Sucre, Bolivia, by Fancesa as COVID-19 forced a 70-day quarantine upon the project. Start-up of the cement plant is now expected in the first quarter of 2021. While the project currently stands at 91 per cent completion, the remaining share of the work is the “most complicated”, according to Armin Cortez, chairman of the Board. "It should be remembered that we have had setbacks not only d... |
Fancesa shuts down production due to COVID-1924 March 2020, Published under Cement NewsBolivia-based cement producer Fábrica Nacional de Cemento SA (Fancesa) has halted its cement production due to the presence of the coronavirus in the country. The information was confirmed by the Head of Communications at Fancesa, Gonzalo Ibáñez, who said that compliance with the national provision for total quarantine also implies the cessation of the marketing units in Sucre and Santa Cruz, despite the fact that in the latter city there is a significant cement inventory. "In order to gu... |
Cementos Molins reports 5% rise in net profit for 201928 February 2020, Published under Cement NewsCementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentine peso and the hyperinflation in the Latin American country impacted the results. Excluding this, consolidated net profit growth would have been 16 per cent while EBITDA would have advanced by 13 per cent, said the company in a statement. The company achieved a turnover of EUR797m, reporting a four per cent YoY incr... |
Bolivian cement projects not guaranteed gas supply12 February 2020, Published under Cement NewsThe provision of gas for the operation of Fancesa’s new Sucre line and Ecebol’s Potosí facility in Bolivia is not guaranteed. However, the Bolivian government has announced that mechanisms will be sought to implement a pipeline and pumping plant that allows the new line in Sucre as well as ECEBOL’s new Potosí works to operate successfully. “Unfortunately, Fancesa knew the limitations before investing. The capacity of the pipeline was known and it was known that it was saturated. But now w... |
Fancesa to fall short of sales target20 January 2020, Published under Cement NewsBolivia-based Fábrica Nacional de Cementos SA (Fancesa) will miss its sales and profits targets for the current financial year. The shortfall has been attributed to civic unrest and blockades following the elections that were cancelled due to fraud. “During the 2019 financial year, which closes on 31 March 2020, production was projected at 1,030,000t and the stop will obviously affect production volumes; it will be a success if we produced 900,000t,” said the Government Director of Fance... |
The making of Oruro13 January 2020, Published under Cement NewsEmpresa Pública Productiva Cementos de Bolivia (ECEBOL) recently brought its 1Mta cement plant in Oruro, Bolivia, online. The project is the first of two greenfield production facilities supported by the government to use the area’s natural resources and provide high-quality and competitively-priced cement to the domestic market. By Miguel Vilaseca, Empresa Pública Productiva Cementos de Bolivia, Bolivia, and PEC Consulting Group LLC, USA. Located near the town of Jeruyo in the Bolivi... |
ECEBOL sells BOB35m since start-up04 October 2019, Published under Cement NewsBolivia’s new ECEBOL unit has sold BOB35m (US$5m) of cement since its recent start-up. The company produces IP-40 cement and since August has launched the product in Santa Cruz, Cochabamba, La Paz and Oruro. The plant currently operates at 60 per cent of its cement capacity, which is expected to be ramped up to 100 per cent next year. “At the moment we have sold cement to a value to BOB35m, and we run at a capacity of 50-60 per cent,” according to Patricia Ballivián, general manager of ... |