Cement News tagged under: Latin America

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CSN reports cement revenues of BRL259m in 3Q20

20 October 2020, Published under Cement News

Companhia Siderúrgica Nacional (CSN) reported 3Q20 results for its cement division with net revenue of BRL259m (US$46.2m), up 50 per cent QoQ due to higher sales volumes, which rose by 16 per cent compared to 2Q20.  CSN’s cement division achieved an EBITDA record of BRL100m (US$17.8m) in 3Q20. " When it comes to cement, to give you an idea, the market capacity is 100Mt, a theoretical capacity at present the capacity that is available to the market is of 75 and if we analyse the third q...

Argos recognised as top innovation company

21 August 2020, Published under Cement News

Argos has achieved fourth place from 242 entrants in the annual measurement carried out by the Colombian National Association of Entrepreneurs (ANDI), in alliance with the Dinero Magazine. The accolade places Argos as one of the most innovative companies in Colombia. Among the achievements that Argos has been credited for is the generation of more than 25 per cent of its income from innovation, the start-up of the new clay thermal activation line for the production of green cement, and ...

Votorantim Cimentos 2Q20 cement sales edge up

17 August 2020, Published under Cement News

Votorantim Cimentos released its results for the 2Q20, announcing that the company’s cement sales volumes reached 7.5Mt, up 0.3 per cent on the 7.4Mt sold in the 2Q19. Net revenues reached BRL3876 (US$717.21m), up 18 per cent on the 2Q19 when it totalled BRL3298m. EBITDA amounted to BRL735m up from BRL491m in the 2Q19. Consolidated net revenues totalled BRL3.9bn in the 2Q20, an 18 per cent increase when compared to the same period of 2019, mainly explained by better volumes and prices in Vo...

Titan Group's 1H20 revenues stable at EUR786m

30 July 2020, Published under Cement News

Titan Group consolidated revenue in the 1H20 amounted to EUR786.3m, remaining largely stable (+0.1 per cent) over the same period the previous year. Group cement and cementitious volumes reached 7.9Mt in the 1H20, down two per cent from 8.1Mt in the 1H19. Ready-mix sales edged up 1.3 per cent YoY to  2.64Mm 3 from 2.6Mm 3 in 1H19, while aggregate volumes totalled 9.2Mt, up 2.6 per cent from 8.9Mt in 1H19. EBITDA was up 12 per cent YoY, reaching EUR136.8m, while the group's EBITDA margin r...

LafargeHolcim launch ECOPact concrete to more territories

24 July 2020, Published under Cement News

LafargeHolcim has launched ECOPact, the industry's broadest range of green concrete, delivering high-performing, sustainable and circular benefits, the company claims. After a successful market adoption in Europe, ECOPact is now available in the US with plans to expand into the UK, Canada, Latin America and other markets worldwide in the coming months. This introduction is an essential component of the company's strategy to advance the transition towards low-carbon and circular constructi...

Votorantim Cimentos sees net revenue up 9% in 1Q20

22 May 2020, Published under Cement News

Votorantim Cimentos' financial statement for the period ended 31 March 2020 reported net revenue up nine per cent to BRL2747m (US$494.6m) from BRL2524m in the 1Q19, while adjusted EBITDA fell to BRL232m from BRL586m in the 1Q19. Group cement volumes declined slightly to 6.3Mt from 6.4Mt in the year-ago period. Net revenues in Brazil in 1Q20 rose to BRL1563m from BRL1536m in 1Q19. Positive market dynamics were seen before the outbreak of COVID-19 in March. However, the expansion project at ...

Heavy rains impact Brazil's January cement sales performance

19 February 2020, Published under Cement News

Cement sales in Brazil during January 2020 fell by 0.9 per cent YoY to 4.5Mt as heavy rains in the north and southeast impaired performance, the National Union of the Cement Industry (SNIC) has said. When based on the number of working days, domestic sales were also down by 0.9 per cent compared to January 2018. Apparent cement consumption (ie, domestic sales plus imports) totalled 4.5Mt in the first month of 2020, down by 1.3 per cent YoY. The result is a reflection of poor performances...

Cemex Latam Holdings reports consolidated 3Q19 sales of US$245m

25 October 2019, Published under Cement News

Cemex Latam Holdings SA reports that its consolidated net sales reached US$245m during the 3Q19, a fall of 12 per cent in US-dollar terms or four per cent in local currency terms, compared to 3Q18. Operating EBITDA totalled US$46m during the 3Q19, down 26 per cent in US-dollar terms YoY. Consolidated domestic grey cement sales volumes increased by one per cent, while ready-mix and aggregates declined by nine per cent compared to 3Q18. Consolidated prices in local currency for grey cement an...

Cemex Latin American Holdings sees weak volumes

26 October 2018, Published under Cement News

Cemex Latin American Holdings saw turnover for the first nine months decline by 8.6 per cent to US$848.5m and EBITDA fell by 22.3 per cent to US$187.7m, with the margin coming down from 26.1 to 22.1 per cent. The trading profit declined by 29.7 per cent to US$129.2m. After a 7.7 per cent reduction in financial expenses to US$42.9m and other items, the pretax profit came off by 26.1 per cent to US$96.2m. After tax and minorities, the net attributable profit was 33 per cent lower at US$53.3m. ...

Cementos Argos

22 February 2018, Published under Cement News

Cementos Argos has reported consolidated cement volumes of 4.04Mt in 4Q17, up 17.6 per cent compared to the same period last year. This takes the full-year volume to 16.275Mt, an increase of 16.5 per cent YoY. According to the company, the increase in volumes is due to “positive dynamics” in the US and Central America and the Caribbean regions. Revenue in 4Q17 came in at COP2107bn (US$729m), an advance of 5.1 per cent versus 4Q16, with full-year revenue of COP8533bn, a YoY improvement of ...