Cement News tagged under: Latin America

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Colombian cement market expands 4.4 % in April

29 May 2015, Published under Cement News

In April 2015 there was a 4.4 per cent YoY rise in cement dispatches in Colombia. Some 0.999Mt of grey cement reached domestic customers, according to the latest figures by the national statistics service, DANE. Nariño led the expansion seeing its sales advance by 60.7 per cent, followed by Cesar (43.8 per cent), Magdalena (34.5 per cent), Cauca (8.5 per cent) and Antioquia (7.2 per cent). Grey cement production reached 1.057Mt, a 2.7 per cent YoY increase, in April. In the first four ...

ThyssenKrupp opens new service centre in Chile

27 May 2015, Published under Cement News

ThyssenKrupp Industrial Solutions opened a new service centre in Antofagasta, Chile, on 13 May 2015 to offer maintenance and repair services for customers from the local mining and raw materials industry. Another service centre located in Santa Luzia, Brazil, is already in full operation providing refurbishment works and new components for the local market. Thomas Oelschläger, CEO of the operating unit Services of the business unit Resource Technologies of ThyssenKrupp Industrial Soluti...

Ecuador sees decline in monthly sales

14 May 2015, Published under Cement News

Ecuador cement sales declined fell to 468,432t compared to 504,682t in the month before, latest data from domestic cement association Inecyc reveals. The decline follows a 15.68 per cent MoM increase in March. Cumulative sales over the first four months of 2015 reached 1.913Mt, the statistics show.

Semapa acquires 50% stake in Supremo Cimentos

06 May 2015, Published under Cement News

Semapa and Secil, through its Brazilian subsidiary, entered into an agreement for the acquisition of a 50 per cent stake of the Brazilian company Supremo Cimentos. With this acquisition, the companies now indirectly hold the entire share capital of the Supreme. "Our subsidiary of Brazilian law, NSOSPE Empreendimentos e Participações, owned jointly by Semapa and Secil - Companhia Geral de Cal and Cement entered into an agreement for the acquisition of the 50 per cent of the share capital of ...

Ecuador first-quarter sales at 1.4Mt

27 April 2015, Published under Cement News

Ecuador cement sales in the first three months of 2015 reached 1.427Mt, latest data from local association Instituto Ecuatoriano del Cemento y del Hormigon shows. In March alone, sales were 504,682t, up 15.67 per cent compared to the February 2015 figure of 436,287t.

Cemex Latin American Holdings held back by weaker cement sales in Colombia

24 April 2015, Published under Cement News

Cemex Latin American Holdings' turnover declined by 16.3 per cent in first quarter of the year to US$353.8m and EBITDA fell by 20.3 per cent to US$112.4m. At the trading level there was a 23.6 per cent reduction to US$90.2m. After an interest charge 15.6 per cent lower at US$20.6m and other items, the pre-tax profit declined by 23.3 per cent to US$72.3m and the net attributable profit came off by 19.8 per cent to US$43.8m. Net debt at the end of March was 8.8 per cent lower than a year ea...

Cemex to bring forward Caracolito expansion, Colombia

07 April 2015, Published under Cement News

Cemex is bringing forward the expansion of Caracolito plant in Colombia, the corporate affairs vice-president of the company’s Mexican division has said. Daniel Suarez told local news that the project consists of the expansion of the existing quarry with an additional 11ha, a complete reconstruction of the kilns and the replacement of air filters. Encouraged by the positive outlook and business environment in Colombia, Cemex also building a new US$340m cement works in Antioquia.  The firs...

Ecuador monthly sales down 10.3%

02 April 2015, Published under Cement News

Cement sales in Ecuador in February 2015 were 0.436t, down 10.3 per cent compared to 0.486Mt recorded in January 2015. For the first two months of this year, accumulated sales totalled 0.922Mt, latest information from Instituto Ecuatoriano Del Cemento Y Del Hormigon shows. Total sales last year came in at around 6.45Mt, up from 6.3Mt the previous year.

Lafarge's final full year turnover and EBITDA in decline

18 February 2015, Published under Cement News

Lafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and the EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1,881m, but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m.  Net financial charges declined by a furthe...

Cemex LatAm 2014 turnover declines, consolidated sales rise

05 February 2015, Published under Cement News

Cemex Latin American Holdings saw turnover decline by 1.4 per cent to US$1725m during 2014 and EBITDA decline by 8.84 per cent to US$577m with the margin declining from 36.2 to 33.5 per cent. The trading profit came down by 7.9 per cent to US$478.4m and after a 20.5 per cent drop in financial expenses to US$90.4m and other items, the pre-tax profit did improve by 4.1 per cent to US$419.1m. After tax and minorities, the net attributable profit emerged 3.5 per cent ahead at US$273.4m. The n...