Cement News tagged under: Cementos Melon

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Cementos Melon gets go ahead for Punta Arenas grinding plant

03 July 2019, Published under Cement News

Chile's Environmental Evaluation Service (SEA) has passed the environmental impact assessment (EIA) for Cementos Melón (Brescia Industrial Group) to construct the company's new grinding unit in Punta Arenas, Magallanes region. The grinding plant will cost US$45m to build and will have a cement capacity of 0.25Mta, but depending on demand the total capacity could be raised to 0.5Mta in the future, according to the EIA. Cemengal will supply the Plug&Grind ® XTREME modular grinding unit for t...

Cementos Mélon reports profit up 9% in 2018

18 February 2019, Published under Cement News

Cementos Mélon saw an 8.9 per cent increase in profits to CLP9.067bn (US$13.7m) in 2018 but EBITDA fell 2.9 per cent to CLP28.572bn. The fall was attributed to lower sales of cement and concrete as well as a rise in raw material costs.  The Chile-based cement producer reported a 4.5 per cent rise to CLP191.347bn from CLP193.014m in 2017.

Cementos Melón to invest in new capacity

18 December 2018, Published under Cement News

Chile-based Cementos Melón has announced that it will open a new cement facility in Punta Arenas in the first half of 2020. The first stage of construction will see an investment of US$30m, with an expected capacity of 0.5Mta. "To date, Cementos Melon has customers to whom it supplies bagged cement, distributed by sea from its other plants in the country. Here in the area [Magellanes] we have 10 clients and we hope that being here with our new plant we will add hundreds," said Jorge Eugen...

Cementos Melon completes plant expansion

19 November 2018, Published under Cement News

Chile-based Cementos Melon has completed the expansion of its Puerto Montt cement plant following an investment of US$25m. The project doubles the facility’s cement capacity to 0.6Mta and will enable the company to better serve the local markets. The Puerto Montt facility supplies the markets between Araucania and Magallanes, south of Santiago and will support infrastructure development in southern Chile. "After 10 years, the market in the area forced us to expand the production of our p...

Cemento Melón cuts investments to US$15m due to 10% sales decline

23 April 2014, Published under Cement News

Chile’s Cemento Melón has seen sales drop by 10 per cent in the first quarter of 2014. "Earlier this year we estimated that we would at least maintain 2013 sales, but in the first quarter the market fell about 10 per cent, and we saw sales drop by a similar number," Jorge Eugenin, the company’s CEO, said. In addition, as the cement industry is nearly 100 per cent dollarised, the depreciation of the Chilean peso has also impacted profit margins as costs jumped. In terms of investments m...

Mixed results for Chilean producers

06 June 2012, Published under Cement News

Two of Chile’s top cement producers have reported mixed results for the first quarter of 2012. Cementos Bío Bío (CBB) posted a net loss of CLP408m (US$787,000) in the first quarter, compared with a net profit of CLP204m in 1Q11. The results were due to non-operational charges related to foreign exchange effects, the firm said in a research note. First-quarter sales were up 4% to CLP84.8bn from the year-ago period, and EBITDA increased 29% YoY to CLP11.7bn. Meanwhile, Cementos Melón repo...