Cement News tagged under: Chile
Cemento Polpaico sees 13% in 2Q revenue16 September 2024, Published under Cement NewsChile-based Cemento Polpaico has reported a revenue of CLP75,974.55m (US$83.1m) in the second quarter of 2024, down 12.7 per cent when compared with CLP87,062.56m in the year-ago period. The company’s net loss fell to -CLP2061.89m from -CLP2348.78m in the 2Q23. In the first half of 2024, the company posted a revenue of CLP159,434.44m, down 12.4 per cent when compared with CLP181,936.39m in the 1H23. Net loss improved to -CLP3262.32m in the 1H24 from -CLP4796.41m in the equivalent period of ... |
Cementos Bio Bio reports sees 2Q profit surge02 September 2024, Published under Cement NewsChile-based Cementos Bio Bio SA (CBB) reported sales of CLP84.283bn (US$92.2m) in the second quarter of 2024, up 2.1 per cent from CLP82.569bn in the year-ago period. Profit before tax increased to CLP7.409bn in the 2Q24 from CLP2.003bn in the 2Q23. The company’s net income in the 2Q24 advanced to CLP6.519bn in the 2Q24 from CLP2.656bn in the 2Q23. Basic earnings per share from continuing operations was CLP25, up from CLP10 in the equivalent period of 2023. First half 2024 In the f... |
Unacem US shipments surge in 2Q2429 July 2024, Published under Cement NewsPeru-based Unacem saw its shipments jump by 96.4 per cent YoY to 324,000t in the 2Q24 following its acquisition of the Tehachapi cement plant in California, USA. "This significant growth is partially explained by the addition of Tehachapi to the portfolio (...), which contributed 159,000 tons of cement," added the company in the Management Discussion and Analysis document sent to the Superintendencia del Mercado de Valores (SMV). Ready-mix concrete volumes were 254,000m 3 while aggregat... |
CBB posts 132% surge in 1Q income30 April 2024, Published under Cement NewsChile-based CBB reported sales of CLP97,781.67m (US$102.83m) in the 1Q24, up 11.1 per cent from CLP87,989.15m in the equivalent period of the previous year. In the 1Q24 EBITDA reached CLP22,803, up 44.8 per cent YoY as dispatches in all business lines increased and margins improved. Cement dispatches increased 22.6 per cent YoY to 315,000t in the 1Q24 from 257,000t in the while concrete deliveries edged up by 6.4 per cent YoY to 281,000m 3 from 264,000m 3 . Net income advanced by 131.... |
Cemento Polpaico reports CLP4722.8m loss in 202328 March 2024, Published under Cement NewsChile-based Cemento Polpaico SA , part of the Hurtado Vicuña Group , posted a loss of CLP4722.8m (US$4.81m) in 2023, compared with a CLP3921m profit in 2022. Revenues fell 7.4 per cent YoY to CLP341140m from CLP368390m. The company sold 1,637,770t of cement in 2023, down 19.3 per cent than the equivalent period in 2022. Concrete sales decreased by 19.7 per cent YoY to 2,560,238m 3 in 2023. Cemento Polpaico started a corporate and operational reorganisation, including its subsidiaries, ... |
Freehill Mining to supply Cementos Melón14 February 2024, Published under Cement NewsAustralia-based Freehill Mining Ltd has secured a purchase order from Chile’s Cementos Melón with a gross sales value of approximately US$185,000. The purchase order is for the supply of material to Melón’s Coquimbo cement plant from Freehill’s 100 per cent-owned Yerbas Buenas project in Maule Region, Chile. The material will be delivered over a two-month period, likely to commence in mid-March 2024. Although the volume and price secured per cubic metre under this purchase order has no... |
Chile's cement market closes 2023 with 11% drop12 February 2024, Published under Cement NewsChilean cement dispatches fell by 10.1 per cent YoY to 443,170t in December 2023 from 492,963t in December 2023, according to the Chilean construction chamber, CChC. In the full-year 2023 cement dispatches were down 11 per cent YoY to 5,208,803t from 5,854,997t in 2022. |
Chilean cement market contracts by 12% in November11 January 2024, Published under Cement NewsCement dispatches in Chile fell by 11.8 per cent to 408,824t in November 2023 from 463,307t in November 2022, according to data published by the country's construction chamber, CChC. In the first 11 months of 2023 dispatches were down 11.4 per cent to 4,751,918t from 5,362,034t in the year-ago period. |
Chile's cement producers see 7% drop in October dispatches08 December 2023, Published under Cement NewsChilean cement dispatches declined by 7.1 per cent to 324,460t in October 2023 from 349,388t in October 2022, according to the Chilean construction chamber, CChC. In the first 10 months of 2023, cement dispatches fell nine per cent YoY to 2,902,782t from 3,1919,241t in the 10M22. |
Cemento Polpaico posts 9M23 loss30 November 2023, Published under Cement NewsChile-based Cemento Polpaico reported losses of CLP9016.24m (US$10.4m) in the first nine months of 2023, compared with a profit of CLP3576.95m in the 9M22. The company's revenue improved 4.2 per cent YoY to CLP261,921.45m in the 9M23. EBITDA reached CLP9743.17m in the 9M23 when compared with CLP16,485.72m in the 9M22. "During the third quarter of 2023, a lower dynamism in the construction sector, marked by a significant decrease in the demand for materials, associated to a decrease in th... |