Cement News tagged under: Chile
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... |
Polpaico suspends Quilicura grinding operations09 November 2023, Published under Cement NewsChile-based Cemento Polpaico will temporarily suspend operations at its grinding plant in Quilicura and transfer these to the Cerro Blanco plant in Til Til. The step is part of the company redistributing its production capacity nationwide due to corporate and operational restructuring, which is expected to be completed in the 1H24. The process will also seek greater logistical efficiencies and improved competitiveness. In addition, Cemento Polpaico will also integrated its subsidiaries... |
Chilean consumption sees 14% drop in September08 November 2023, Published under Cement NewsCement demand in Chile fell by 13.9 per cent YoY to 251,901t in September 2023 from 292,714t in September 2022, according to the Chilean construction chamber, CChC. In the first nine months of 2023 the domestic market contracted by 9.3 per cent YoY to 2.578Mt from 2.841Mt in the 9M22. |
Chile’s cement dispatches drop 18% in August16 October 2023, Published under Cement NewsCement dispatches in Chile saw a 17.5 per cent drop in August 2023 to 247,238t from 299,855t in August 2022, according to the country’s construction chamber, CChC. In the January-August 2023 dispatches were down 8.7 per cent YoY to 2,326,421t from 2,549,139t in the 8M22. |
Cemento Polpaico closes two concrete plants09 October 2023, Published under Cement NewsChile-based Cemento Polpaico announced the closure of two concrete plants in Quilín and Renca, Metropolitan Region, as well as the temporary halt of operations at the Aconcagua Áridos plants. The step is due to the negative trend in the results of Polpaico Soluciones, which showed accumulated losses of CLP8386m (US$9.1m) before taxes as of June 2023 as a result of the crisis affecting the sector, reports CE Noticias Financieras. Moreover, the industry expects a 28 per cent drop in result... |