Cement News tagged under: INC
Paraguay: INC distributors complain about cement supply22 September 2015, Published under Cement NewsSeveral Paraguayan cement distributors have complained about supply issues which sees them receiving only 13-25 per cent of their normal order volumes. The state-run cement firm INC is not providing sufficient cement and Cementos Yguazu has completely stopped cement supply. The head of INC, Jorge Mendez, has admitted that due to problems with one of the kilns cement supply dropped recently, but the issue has been solved now and supply levels will return to normal shortly. The firm current... |
Paraguay: INC lowers cement price04 March 2015, Published under Cement NewsINC has reduced the price for three types of cement. Vallemí cement will see a fall from PYG38,990 (US$8.34) to PYG35,000 while cement sold from the Villeta works will see its price reduced from PYG41,500 to PYG41,000. Pozzolana cement now costs PYG41,500, down from PYG42,500. The company is currently investing US$67m in a fuel conversion project, saving US$10m annually as well as increasing production by 8000 bags/day. |
INC awards International Materials clinker supply contract07 November 2014, Published under Cement NewsParaguayan state-owned cement company Industria Nacional del Cemento (INC) has awarded International Materials the contract to provide 60,000t of clinker. International Materials is based in the US, but this clinker shipment will come from Spain. The contract was scheduled to be signed this week it is hoped that the first deliveries of between 10,000t and 35,000t each will arrive in the first half of December 2014. |
Paraguay river flooding reduces INC output capacity24 June 2014, Published under Cement NewsDue to the flooding of the Paraguay River, Industria Nacional del Cemento in Paraguay will operate at only 70 per cent of its production capacity this week, said its president Jorge Méndez. He attributes the fall due to wet raw material to the mill, but expects dry raw inputs to arrive on Friday. "From Friday dry raw material will arrive and we will increase the mill capacity. We will have a 70 percent average production of 35,000 bags for about 10 days, due to the moisture content of the... |
Paraguay to inject US$67m in INC10 June 2014, Published under Cement NewsThe Paraguayan state will lend Industria Nacional del Cemento (INC) US$67m to reactivate the company’s investments in its Vallemí and Villeta plants, which were on hold due to lack of funds. The investments include a fuel conversion at the kiln of Vallemí as well as a new cooler and the optimisation of limestone grinding at the works. At Villeta, the company is reportedly investing US$7m in two new packing machines, to be supplied by Haver & Boecker. |
Paraguay: INC to expand mill capacity15 April 2014, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) plans to launch a bid to expand the production capacity of its mill and therefore, increase the plant’s capacity by more than 8000 bags per day. Although the project has an undisclosed budget, Jorge Mendez, head of the state-owned company, said it would be funded through equity. The increase in the mill’s capacity would complement the new bagging plant in Villeta, which is able to pack around 170,000 bags of cement per day. While the US$7... |
Paraguay: INC back in profit, says company president24 March 2014, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) is yielding profits again, according to its president Jorge Méndez Cuevas, although the company remains US$60m in debt. “INC’s average monthly losses totalled nearly PYG4.5bn (US$1.017m). From September 2013, we started to yield positive results. That month posted a net profit of PYG1.43m, in October PYG955m, in November PYG1.03bn, in December PYG4bn and in January this year PYG1.283bn. We currently have a record PYG88bn in the treasury and ... |
December profit but full-year deficit remains for INC27 January 2014, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) grossed PYG4bn (US$860,080) in December, according to its president, Jorge Mendez. It is the third-consecutive month that the cement producer returns a positive balance and the company attributes it to the implemented financial and commercial measures. However, while in the October-December period, profits reached PYG7.435bn, for the full-year 2013, the company remains in deficit at PYG20bn. The state-owned cement producer has a current o... |
Paraguay’s government evaluates INC capitalisation options16 September 2013, Published under Cement NewsThe Paraguayan government is currently analysing the different alternatives to inject capital in the state-owned Industria Nacional del Cemento (INC). One option include a private-public partnership, according to Jorge Méndez, INC president. Apart from the need of new capital, the cement producer also needs new information systems to improve its invoicing and management. Mr Méndez said that the company plans improvements in three areas: transparency (to counter complaints of irregular... |
Paraguay’s INC registers 5M13 loss18 July 2013, Published under Cement NewsState-owned Industria Nacional del Cemento of Paraguay noted a loss of PYG22.413bn (US$5m) in the first five months of 2013, indicating a rise on the previous year. In 2012, the company registered a full-year loss of PYG41.646bn, according to local news service ABC. The 2012 loss is attributed to a combination of high sales and operational costs. Sales costs reached PYG343.676bn against a revenue of PYG392.626bn. The gross margin of nearly PYG49bn is offset by operational costs of PYG81... |