Cement News tagged under: Latin America

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Ecuador 2014 sales down 2%

28 January 2015, Published under Cement News

Ecuador cement sales dipped in 2014 to 6.47Mt, down two per cent from the 6.60Mt recorded in the previous year, latest data from domestic cement association INECYC shows . Last year's decline follows three consecutive years of annual sales growth in the Latin American country from 2011 to 2013. During December 2014, monthly sales rose 4.85 per cent to 557,786t compared to November 2014 (532,009t).

Ecuador monthly cement sales update

30 December 2014, Published under Cement News

Ecuador cement sales registered a double-digit monthly decline during November 2014, latest data from Ecuador cement association Inecyc shows.  Sales during November were down by 11.7 per cent to 532,009t compared to 602,748t in the previous month. Total sales for the January-November 2014 period reached 5.913Mt.

Cemex to increase capacity of Costa Rica cement works

19 December 2014, Published under Cement News

Cemex Latam Holdings (CLH) is to increase cement capacity of its plant located in Colorado, Costa Rica by approximately 25 per cent, reaching a capacity of 1.1Mta by 2017. The total investment is expected to be approximately US$35m over a three-year period including the construction of a new grinding mill, as well as several capacity enhancing projects on its clinker production line. “With this increased capacity we will strengthen our position in Costa Rica, reiterating our commitment t...

UNACEM completes Ecuador acquisition

03 December 2014, Published under Cement News

Peruvian cement producer Union Andina de Cementos SAA (UNACEM) confirmed that it has completed the purchase of Lafarge’s cement operations in Ecuador. "We are pleased with the closing of the transaction, which represents an important step in our growth strategy,” Carlos Ugás, managing director of Unacem. The company closed the acquisition, initially announced in May this year, for approximately US$517m, according to local press reports. The deal involves the purchase of a 1.4Mta cement w...

Ecuador monthly sales up 4.61%

21 November 2014, Published under Cement News

Ecuador cement sales during October 2014 reached 602,748t, up 4.61 per cent compared to the previous month. Accumulated sales over the first 10 months of this year were 5.381Mt, according to the latest data from domestic cement association INECYC.

UltraTech to bid for Lafarge Holcim assets?

15 October 2014, Published under Cement News

UltraTech Cement is reportedly eyeing cement assets being put on the block by Holcim and Lafarge ahead of their planned merge Local press have speculated that the Aditya Birla group company is more interested in Holcim and Lafarge's assets in emerging countries, particularly in Latin America. Chairman Kumar Mangalam Birla is leading the bid preparations, a source familiar with the deal told The Times of India.

Venezuela: final compensation installment delayed

06 October 2014, Published under Cement News

Holcim is yet to receive the last compensation installment in connection with the nationalisation of Holcim Venezuela in 2008, the company said in a statement today. Corporación Socialista Del Cemento, SA, which is operating the former Holcim plant, has not transferred the remaining compensation amount of USD$97.5m due on 10 September 2014. The Swiss cement major said it is in contact with the relevant parties in Venezuela to address this situation and, if necessary, "will pursue all lega...

Cimento Apodi to expand presence in northeast Brazil

28 August 2014, Published under Cement News

Brazil-based cement producer Cimento Apodi is to construct a new cement plant in Sergipe state to reinforce its position in the northeast of the country. The new unit will have a capacity of 5000tpd involving an investment of BRL1bn, according to reports by the daily Folha . Cimento Apodi, owned by entrepreneurs Ivens Dias Branco (68 per cent) and Juscelino Sarkis (32 per cent), operates two cement plants in Brazil: the Apodi grinding plant in Pecem and the integrated Quixada works in Cea...

Argentina: May cement deliveries increase 2.6 per cent MoM

02 July 2014, Published under Cement News

In May 2014, Argentina’s cement producers delivered 929,202t of cement (including exports), up 2.6 per cent when compared with April, but down 8.5 per cent YoY. Domestic demand, including imports, increased 2.7 per cent MoM to 920,093t. Compared with May 2013, however, it fell by 7.8 per cent.

Colombian market grows 14.7% in May

30 June 2014, Published under Cement News

Dispatches and output of cement in Colombia rose by 14.7 and 15.3 per cent, respectively in May, according to domestic statistics office, Dane. May deliveries reached 1.034Mt while production rose to 1.071Mt. Sales in Norte de Santander lead the market expansion, rising by 46.3 per cent, followed by Cundinamarca (30 per cent), Atlántico (23.8 per cent), Antioquia (20 per cent) and Bogotá (15 per cent). In the year to date, sales have increased 12.2 per cent to 4.772Mt while production r...