Cement News tagged under: Chile
Chile's Cementos Bío Bío restructures Corpbanca and BCI loan21 August 2014, Published under Cement NewsChilean cement producer Cementos Bío Bío has reached a finance agreement with Corpbanca and BCI to restructure a loan taken out in August 2012. The CLP120bn (US$206m) loan has a maturity of seven years and a two-year grace period. The loan will be repaid in 20 quarterly installments, starting 17 November 2016. The debt restructuring is expected to enable the cement company to face a contraction in the cement market in an improved financial position. |
Cemento Melón selects River Logic to integrate business planner solution04 July 2014, Published under Cement NewsRiver Logic Inc, a provider of prescriptive analytics software, announced Chilean producer Cemento Melón will implement an Integrated Business Planning solution based on its Enterprise Optimiser® (EO) prescriptive analytics platform. The implementation will be led by River Logic Chile, a professional services company that has partnered with River Logic to deliver value chain optimisation solutions in Latin America. The Integrated Business Planner™(IBP) solution will allow Cemento Melón to... |
Chile: Bío-Bío Talcahuano cuts PM by more than 600tpa06 June 2014, Published under Cement NewsCementos Bío-Bío has cut PM emissions at its Talcahuano works by more than 600tpa. The improvement follows the installation of a bag filter, which has been in operations since last year and represents an investment of US$5m. |
Chile: Cemento Polpaico to invest in solar power project21 May 2014, Published under Cement NewsCemento Polpaico plans to invest US$42m in a 20MW solar power project, to be installed next to its plant in Tiltil municipality, Chile. The park will help diversify Chile's energy mix and will supply renewable energy to the central power network SIC, through the Punta Peuco substation, according to the environmental impact declaration. The company estimates it could start construction works this year. Polpaico, which is 54 per cent owned by Holcim, is Chile’s second-largest cement p... |
Cemento Melón cuts investments to US$15m due to 10% sales decline23 April 2014, Published under Cement NewsChile’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... |
Bío-Bío shares up 17% after Chilean earthquake03 April 2014, Published under Cement NewsShares of Cementos Bío-Bío rose 16.73 per cent to CLP600 on the Santiago Stock Exchanges in antipication of an increase in cement demand due to the earthquake that struck northern Chile. A strong magnitude 8.2 earthquake struck the provinces Arica/Parinacota and Tarapacá on Tuesday, followed by a tsunami and several powerful aftershocks. |
Chile: Cementos BioBio to use fly ash20 March 2014, Published under Cement NewsCementos BioBio’s Antofagasta works in the north of Chile and E-CL have signed a contract to use fly ash in the production of cement. After a long development and testing process, ash from the Central Térmica Andina and Central Térmica Hornitos thermal power stations in Mejillones will replace natural pozzolans use in the cement production process. The project will bring considerable environmental benefits as the cement works will use around 70 per cent of the ash produced by the powe... |
Cementos Bío Bío appoints new CEO, Chile28 June 2013, Published under Cement NewsChilean cement firm Cementos Bío Bío has appointed Iñaki Otegui as CEO effective 1 August 2013, the company said in a filing to local securities and insurance regulator. Otegui replaces Jorge Matus, who resigned after 39 years with the cement producer. Cementos Bío Bío is Chile's largest cement producer with four integrated plants at Curicó, Antofagasta, Talcahuano and San Antonio and a total cement capacity of 3.28Mta. |
Cementos Bio Bio raises output 8% in 201220 February 2013, Published under Cement NewsChilean cement producer Cementos Bio Bio increased its production by eight per cent YoY from 1.5Mt to 1.6Mt in 2012. As a result, the company, led by Hernan Briones, was able to maintain its 29 per cent market share. Over the same period, Bio Bio also raised its concrete sales by nine per cent from 2.4Mm3 to 2.6Mm3, holding its 27 per cent market share. Lime sales were 11.7 per cent higher at 583,000t. The company continues the expansion of its Copiapó lime plant, which represents a ... |
Latin American cement demand rises in 2Q201209 October 2012, Published under Cement NewsCement consumption in the second quarter in major Latin American economies closely reflected the current economic cycle and countries such as Peru, Bolivia and Chile stood out for their dynamism against a background of overall economic growth, according to the latest Infrastructure, Water & Waste Stats report by BNamericas. Peru noted a 18.3 per cent YoY rise to 2.235Mt in cement demand. For 2012, the country is expected to grow by 5.9 per cent, making it the fastest-growing economy in the ... |