Cement News tagged under: Cemento Polpaico
Cemento Polpaico invests US$60m to ensure Cerro Blanco continuity30 November 2021, Published under Cement NewsCemento Polpaico has submitted an environmental impact study (EIS) for the Cerro Blanco complex development to Chile’s Regional Directorate of the Environmental Assessment Service of the Metropolitan Region. The US$60m project plans the expansion of the mining exploitation of four existing limestone quarries. This would increase the exploitation areas and extend limestone extraction by 27 years, enabling the operational continuity of the Cerro Blanco Complex. The EIS includes several mod... |
Polpaico sees 71% surge in 9M revenues29 November 2021, Published under Cement NewsChile-based Cemento Polpaico reported revenues up 71.1 per cent to CLP230,726.57m (US$277.3m) in the January-September 2021 period when compared with revenues of CLP134,876.954m in the equivalent period of the previous year. The company also posted profits of CLP10,472.311m in the first nine months of 2021 compared to a loss of CLP10,319.237m in the 9M20. In September 2021 sales volumes of cement reached 1,662,448t, up 18.5 per cent YoY, while concrete sales volumes increased by 29.7 per c... |
Cemento Polpaico sees revenues double in 1H2131 August 2021, Published under Cement NewsChile-based Cemento Polpaico reported a surge in consolidated revenues from CLP76,528m in the 1H20 to CLP152,376m in the 1H21. Profit before tax reached CLP9361m, reversing a loss of CLP8424m in the 1H20. Net profit reached CLP6833m in the 1H21, from a loss of CLP5862 in the 1H20. The results include the consolidation of Cementos Bicentenario. The company’s cement business saw its revenues increase to CLP148,644m in the 1H21 from CLP74,634m in the 1H20 while revenues in its sand business w... |
Cemento Polpaico reports CLP2.1bn loss in 201828 January 2019, Published under Cement NewsChilean cement producer Cemento Polpaico, in which the Hurtado Vicuña family holds the controlling stake, has reported net losses of CLP2.139bn (US$3.2m) in 2018, exacerbating net losses of CLP1.043bn m noted the previous year. The company revenues increased 23.1 per cent YoY to CLP166.549bn in 2018 from CLP135.326bn in 2017. However, while gross profits increased 29.9 per cent to CLP55.23bn, “Other profits/losses” noted a loss of CLP9.869bn. In addition, the company also faced relatively h... |
Cemento Polpaico sees CLP4bn net profit in 1H1803 September 2018, Published under Cement NewsChilean cement producer Cemento Polpaico reported a 32.2 per cent increase in revenues to CLP82.114bn (US$120,143m) in 1H18 from CLP62.118bn. The company has attributed the higher operating revenues mainly to an increase in cement and concrete sales volumes, driven by an uptick in economic activity during the first six months of 2018, compared with 1H17. However, distribution costs went up from CLP13.3bn to CLP17.7bn as a new law of manual handling loads affected working practices. ... |
Cemento Polpaico slips into loss06 March 2018, Published under Cement NewsChile’s Cemento Polpaico informed the country’s Financial Markets Commission (CMF) it registered losses of CLP1.042bn (US$1.74m) in 2017. The new income figure is a sharp reversal of the profit of CLP3.793bn reported in 2016. Sales reached CLP135.316bn in 2017, down 3.5 per cent YoY, when compared with sales of CLP140.187bn in 2016. |
Cemento Polpaico sees CLP-2.28bn loss in 9M1728 November 2017, Published under Cement NewsChile’s Cemento Polpaico has reported a loss of CLP-2.281bn (US$3.58m) in the January-September 2017 period. This compares with a profit of CLP4.1534bn in the year-ago period. In terms of revenues, the company reported a figure of CLP96.337bn, down 11.4 per cent when compared with CLP108.67bn in 9M16. |
Polpaico appoints Marcos Büchi as new President16 August 2017, Published under Cement NewsMarcos Büchi has been appointed as company president by Chile-based Cemento Polpaico as a result of the restructuring of its management. Javier Moreno is the cement producer’s general manager. This follows a successful acquisition by the Hurtado Vicuña family’s Inversiones Caburga, which acquired a 54.3 per cent stake from LafargeHolcim in the last quarter of 2016. |
Cemento Polpaico net profits quadruple YoY in 9M1622 November 2016, Published under Cement NewsChile’s Cemento Polpaico saw its revenues decrease by 1.14 per cent to CLP108,669.55m in January-September 2016 from CLP 108,927.811m. However, net profits during the first nine months of 2016 more than quadrupled from CLP816.866m in 9M2015 to CLP4153.866m when compared with the 9M16. The company noted a significant fall in finance costs as well as higher financial revenues. |
LafargeHolcim exits Chile as it sells Cemento Polpaico10 October 2016, Published under Cement NewsLafargeHolcim will sell its majority stake in Chile's Cemento Polpaico to investment firm Inversiones Caburga Ltda, whose interests include the Chilean ready-mix market through Cementos Bicentenario. Caburga, owned by the Hurtado Vicuna Group, agreed to buy the 54.3 per cent stake, which represents around CHF220m (US$225m), via a public tender offer, according to LafargeHolcim. Cemento Polpaico operates one integrated cement works and two grinding units with a total cement capacity o... |