Cement News tagged under: Cbb

RSS feed

CBB reports 74% drop in net profit

15 September 2022, Published under Cement News

Chilean cement producer Cementos Bío-Bío (CBB) saw a 15.3 per cent increase in sales to CLP155,089m in the first half of 2022 when compared with the CLP134,538m reported for the 1H21. Gross profits declined 12.2 per cent YoY to CLP43,268m in the 1H from CLP49,286m on the back of higher distribution and administration costs. Finance costs increased to CLP4508m in the 1H22 from CLP1380Mt in the year-ago period. Profit before tax fell by 98.4 per cent from CLP10,282m in the 1H21 to CLP156m...

CBB sees 67% rise in profit

07 September 2021, Published under Cement News

Chilean cement producer CBB (formerly known as Cementos Bío-Bío) reported a 13.9 per cent advance in revenues to CLP134.538bn in the first six months of 2021 from CLP118.124bn in the 6M20. The company’s profit attributable to shareholders increased by 66.7 per cent YoY to CLP7.205bn in the 6M21 from CLP4.323bn in the 6M20. In its cement business the company nearly quadrupled its operating profits, mainly from a low base as COVID-19 impacted cement dispatches in 2020. In its concrete bus...

Cbb makes 2025 growth plan

20 January 2021, Published under Cement News

Chile-based Cbb looks forward to 2025 with optimism, said the company’s Corporate General Manager, Enrique Elsaca Hirmas, after a year that saw the impact of the coronavirus pandemic. In the first nine months of 2020, Cbb’s revenues fell 14 per cent YoY to CLP168.986bn (US$229.2m) but while full-year figures are expected to show a decline, this will be below the 9M20 drop. In addition, the company is completing the implementation of the current US$150m Transforma 2021 plan. A total of US...

Chile’s CBB lays out investment plan

29 April 2019, Published under Cement News

In its AGM Chilean cement producer CBB has highlighted the recent inauguration of its Arica cement plant in northern Chile and presented the company’s further investment projects. Representing an investment of US$20m, the company plans a 0.2Mt cement plant in Arequipa, Peru, with an option to expand the unit at a later date. "We are very satisfied with both projects, part of the Transforma 2021 Strategic Plan, as it allows us to strengthen our position in the markets of northern Chile and...

Cbb inaugurates new 0.2Mta Arica plant

05 April 2019, Published under Cement News

Cbb (formerly known as Cementos Bío Bío) has inaugurated its new 0.2Mta cement plant in Arica, northern Chile in the presence of Chile’s Minister of Economy, José Ramón Valente. The project represents an investment of US$16m and is the company’s fifth production unit – in addition to plants in Antofagasta, San Antonio, Teno and Talcahuano. In addition to the kiln line, it includes 1100m2 of green areas. While some of the output will be delivered to the local market, the company has also ...