Cement News tagged under: Bolivia
Fancesa secures US$72m contract22 February 2021, Published under Cement NewsBolivia-based cement company Fabrica Nacional de Cemento (Fancesa) has been awarded the US$72m contract to supply over 582,000t of cement needed to build Nueva Santa Cruz Ciudad Inteligente project in Santa Cruz, Bolivia. The smart city project belongs to the Lafuente group. The contract follows a year-long negotiation process and was announced by Fancesa and Lafuente in the cement producer’s Sucre facilities. Fancesa will provide mainly IP-30 Lider cement and some IP-40 Superior cement ove... |
Bolivian cement demand advances 21% in November05 February 2021, Published under Cement NewsThe Bolivian cement market expanded by 20.9 per cent to 342,743t in November 2020 from 283,404t in November 2019, according to the country’s statistics institute, INE. However, MoM there was a 10.5 per cent decline from 382,944t in October 2020. Cement production in Bolivia surged by 77.3 per cent to 361,363t in November 2020 from 203,779t in November 2019. When compared with the previous month, output slipped 7.4 per cent from 390,321t. |
Bolivian cement market expands 1% in October13 January 2021, Published under Cement NewsCement consumption in Bolivia edged up 0.8 per cent YoY to 382,944t in October 2020 from 379,781t in October 2019, according to Bolivia’s national statistics agency, INE. In the country’s largest market, La Paz, demand rose 12.1 per cent YoY to 101,185t while in Cochabamba, offtake was 2.9 per cent up YoY to 97,911t. Santa Cruz, the third-largest market, saw a 16.8 per cent YoY increase to 89,955t. Cement demand in Potosi advanced 1.7 per cent to 15,888t when compared with October 2019, but ... |
Bolivian cement demand down 13% in September09 December 2020, Published under Cement NewsCement consumption in Bolivia dropped 12.6 per cent YoY to 337,063t in September 2020 from 385,624t in September 2019, according to the country’s statistics office, INE. Demand in the key market of Santa Cruz declined five per cent YoY to 85,812t in September 2020 while in La Paz, the country’s second-largest market, advanced by 3.7 per cent YoY to 72,034t. Chuquisaca’s market contracted by 21.3 per cent YoY to 61,899t while demand in Cochabamba slipped 1.4 per cent to 57,821t. In Oruro d... |
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... |