Cement News tagged under: Cementos Yura

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Yura records 43% decline in 2Q19 profit

08 August 2019, Published under Cement News

Peru’s Cementos Yura (Gloria Group) has reported a 43 per cent YoY fall in profit to PEN56.5m (US$16.67m) for the second quarter of 2019. Cement sales were down 0.3 per cent to PEN231.3m in the 2Q19, while dispatches to external markets fell 22 per cent. Production between April-June reached 602,031t, decreasing five per cent compared to the year-ago period. In particular, clinker production fell 18 per cent to 331,707t due to a scheduled maintenance halt.  However, results are expected ...

Yura sees 7% fall in profit for the 1Q19

16 May 2019, Published under Cement News

Peru’s Yura has posted a 7.1 per cent YoY drop in profits to PEN37.6m (US$11.3m) for the first quarter of 2019, with the decrease attributed to lower sales and greater sales costs. Overall sales fell by 3.4 per cent to reach PEN222.6m. Domestic sales fell by 2.8 per cent due to lower public investment, while exports declined 41 per cent on the back of the launch of Yura production in Bolivia and lower demand in Chile. Meanwhile, the cost of sales increased 6.4 per cent to PEN125.7m due...

Cementos Yura sees 30% 3Q net profit fall

07 November 2018, Published under Cement News

Peru-based Cementos Yura saw its net profit fall by 30 per cent YoY to PEN52m (US$15.4m) in the third quarter of 2018. The company has attributed the slide to a lower gross profit as the cost of sales increased 14 per cent YoY to PEN146m due to higher clinker production costs. Sales increased to PEN261m with domestic shipments up four per cent due to higher demand for the Yura and Frontera brands. Exports contracted by 35 per cent YoY in the third quarter. The loss in exports was due to th...

Peru: Cementos Yura Q4 profit falls by 20%

22 February 2017, Published under Cement News

Cementos Yura has announced that its profits for4Q16 were down by 20.1 per cent YoY to PEN40.2m (US$12.4m), reports Business News Americas. The firm saw sales revenues fall by 3.3 per cent, while administrative costs more than doubled as the firm paid a PEN25.7m penalty for cancelling a contract with a supplier. Cementos Yura was also negatively affected by foreign exchange fluctuations. While local sales were little changed YoY at 0.61Mt, exports fell by 14.8 per cent to below 0.1Mt. ...

Peruvian cement companies plan investments in 2016

05 January 2016, Published under Cement News

Cement companies operating in Peru aim to continue with large investments in 2016 despite the recent announcement by the country's cement association, Asocem, of low growth in cement consumption during 2015. Asocem recorded that the domestic industry saw cement consumption advance by just three per cent last year, however, this is not deterring cement producers to bring new investment into its plants. Cementos Pacasmayo is set to begin its Fosfatos del Pacifico project costing some US$8...

Ecuador: Peru’s Cementos Yura buys stake in Unión Cementera Nacional

26 January 2015, Published under Cement News

Cementos Yura, part of Peru’s Grupo Gloria, has acquired a 63.5 per cent share in state-owned Unión Cementera Nacional of Ecuador, which will hold the balance of shares. The $230m investment will be disbursed to the Ecuadorian cement producers via a trust over the next 40 months, during which the construction will take place of a new 2400tpd clinker production line in Riobamba. "We will participate in this company with this contribution and are very optimistic that this will benefit t...

Cementos Yura invests PEN140m in 2014 to date

01 August 2014, Published under Cement News

Cementos Yura of Peru has invested PEN140m (US$50m) in new equipment in the year to date, mainly as a result of the construction of its new cement grinding unit. Grupo Gloria's subsidiary invested US$94m in 2013. The investment is intended to place Cementos Yura in a better position to maintain its local market share and increase its export volumes. Large-scale infrastructure projects such as the southern gas pipeline, the building and extension of port facilities and the construction of ...

Cementos Yura opts for another Loesche mill, Peru

01 May 2013, Published under Cement News

Peruvian cement producer Cementos Yura has placed an order with Loesche America Inc for a clinker/additives grinding plant to installed at its Arequipa plant, Peru. Based on good and long-term experience with an existing Loesche Mill Type LM 56.2+2 C/S, Yura has once again selected this type of vertical roller mill to be installed at the plant, which is situated 2600m above sea level. The mill will be part of a clinker/pozzolana dry-grinding plant for which Loesche is supplying the main mec...

Gloria Group plans US$250-300m cement plant investment in Cusco

03 December 2012, Published under Cement News

The Gloria Group, which controls Cementos Yura and Industrias Cachimayo, plans to build a new cement plant in Cusco, southeastern Peru, to meet the demand of an expanding market in the south of the country. Vito Rodríguez Rodríguez, head of the industrial group, said the company would invest US$250-300m. He added that the firm had already acquired the land necessary but provided no further details. He also mentioned that Gloria is evaluating new investment options, including in the ar...