Cement News tagged under: Chile

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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 Bio Bio announces new plant in Peru

29 January 2019, Published under Cement News

Chile's Cementos Bio Bio has announced that it will invest approximately US$20m in the construction of a new grinding plant at the Port of Matarani in southern Peru. The plant's cement capacity is initially expected to reach 200,000tpa, however this could be doubled in a second stage of development. The project has already received the required permits and therefore, the company expects to begin construction work this year, with operations expected to begin in 2020. According to Cementos...

Cemento Polpaico reports CLP2.1bn loss in 2018

28 January 2019, Published under Cement News

Chilean cement producer Cemento Polpaico, in which the Hurtado Vicuña family holds the controlling stake, has reported net losses of CLP2.139bn (US$3.2m) in 2018, exacerbating net losses of CLP1.043bn m noted the previous year. The company revenues increased 23.1 per cent YoY to CLP166.549bn in 2018 from CLP135.326bn in 2017. However, while gross profits increased 29.9 per cent to CLP55.23bn, “Other profits/losses” noted a loss of CLP9.869bn. In addition, the company also faced relatively h...

Chile's Colbun to supply renewable power to Polpaico

27 December 2018, Published under Cement News

Cemento Polpaico SA (Chile) has signed a long-term renewable power supply contract with local power company Colbun. Through the agreement, Colbun will supply a total of 183GWh of renewable electricity per year to Polpaico. The contract, will run for a term of 10 years starting from January 1, 2019. Initially, Polpaico will receive power for its Cerro Blanco and Coronel plants, that represent 93 per cent of its total demand. In 2022 more facilities will be added, thereafter fulfilling 100 p...

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...

Chilean cement dispatches down 8% in September

12 December 2018, Published under Cement News

Cement deliveries in Chile fell 7.5 per cent YoY and 10.8 per cent MoM to 307,015t in September 2018, according to the Chilean Chamber of Construction (CCHC). In September 2017 dispatches reached 331,753t while in August 2018 around 344,084t were delivered by Chilean cement producers.

Cementos Polpaico swings into black in 9M18

26 November 2018, Published under Cement News

Chile-based Cementos Polpaico has reported revenues of CLP121.321bn (US$ 179.8m) in January-September 2018, representing a 25.9 per cent YoY increase. In addition, the company has achieved a rise in net profits to CLP3.15bn, a considerable improvement when compared with losses of CLP2.281bn in the previous-year period. In a year, the cement producer renewed its brand image and presented a new corporate image that is part of its development strategy following the entry of the Hurtado Vi...

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...

Cementos Bío Bío sells Peruvian subsidiary

11 October 2018, Published under Cement News

Chile’s Cementos Bío Bío has sold its Peruvian subsidiary, Cementos Portland, in a transaction valued close to US$14m, according to La Tercera. The departure means that it will no longer be participating in a project with Brazil’s Votorantim Cimentos to construct a plant in Lima, which has reportedly faced a number of difficulties concerning market rivals. A further two projects that the company had planned in Peru, one concerning cement and the other lime, will remain unfulfilled after th...

Cemento Polpaico sees CLP4bn net profit in 1H18

03 September 2018, Published under Cement News

Chilean cement producer Cemento Polpaico reported a 32.2 per cent increase in revenues to CLP82.114bn (US$120,143m) in 1H18 from CLP62.118bn. The company has attributed the higher operating revenues mainly to an increase in cement and concrete sales volumes, driven by an uptick in economic activity during the first six months of 2018, compared with 1H17. However, distribution costs went up from CLP13.3bn to CLP17.7bn as a new law of manual handling loads affected working practices. ...