Cement News tagged under: Latin America
Cemex Latin American Holdings sees improved cement volumes in Colombia28 July 2016, Published under Cement NewsCemex Latin American Holdings' first-half turnover fell by 10.1 per cent to US$672.1m, while EBITDA came off by 4.4 per cent to US$226.1m. At the trading level there was a 4.3 per cent reduction to US$183.5m. After a net interest charge 27.6 per cent lower at US$29.4m, the pretax profit emerged 16.5 per cent higher at US$165.4m. The net attributable profit rose by 22 per cent to US$100.6m. Net debt at the end of June was 8.6 per cent lower than a year earlier at US$984m, giving a gearing lev... |
Cemex Latin American Holdings profits drop 65%05 February 2016, Published under Cement NewsCemex Latin American Holdings saw turnover decline by 17.3 per cent to US$1427.1m and EBITDA dropped by 22 per cent to US$449.8m with the margin declining from 33.5 to 31.5 per cent. The trading profit fell by 41.2 per cent to US$281.5m and after an 18.5 per cent drop in financial expenses to US$73.7m and other items, the pretax profit dropped by 55 per cent to US$188.5m. After tax and minorities, the net attributable profit emerged 65.1 per cent lower at US$95.9m. The net debt was 9.3 pe... |
Brazil sees full-year fall in sales14 January 2016, Published under Cement NewsBrazilian cement sales in 2015 declined by 9.2 per cent YoY to 64.4Mt, preliminary data and market estimates published by Sindicato Nacional da Indústria do Cimento (SNIC) reveal. Dispatches were down in all five regions, with the steepest annual declines registered in Central-West (-12.5 per cent) and Southeast (-10.9 per cent), followed by the North (-7.8 per cent), South (-6.9 per cent) and Northeast (-5.7 per cent). Imports for the period totalled 504,000t, down 38 per cent YoY, ... |
Fitch Affirms Cementos Pacasmayo at 'BBB-'; Outlook Stable12 January 2016, Published under Cement NewsFitch Ratings has affirmed the ratings of Peruvian producer Cementos Pacasmayo at 'BBB-'. The Rating Outlook remains Stable. The ratings reflect the company's solid business position as the only cement producer in Peru's northern region. This position has resulted in high margins, low leverage and solid liquidity. The small size of the cement market in the north, as well as the logistical challenges found in this region, has limited the impact of imports and the probability a global compa... |
FLSmidth announces new orders in the Americas11 January 2016, Published under Cement NewsFLSmidth has announced three new orders at cement plants in Canada, Colombia and Bolivia. Lehigh Hanson Materials Ltd Lehigh Hanson Materials Ltd, owned by HeidelbergCement, has awarded a contract to FLSmidth for an OK™ 30-4 cement vertical mill to meet the increasing demand for cement in Canada. The mill will be installed at Lehigh Hanson's existing Edmonton cement plant located 13km from downtown Edmonton, Alberta. Additional scope of supply includes a cement powder cooler, related... |
Brazil November sales update31 December 2015, Published under Cement NewsPreliminary industry data and market estimates published by Sindicato Nacional da Indústria do Cimento (SNIC) indicate that cement sales in the Brazilian cement market reached 4.9Mt in November 2015, down 16 per cent compared to the same month a year earlier. Imports totalled 28,000t during November 2015, a decrease of 45 per cent YoY, according to statistics from SECEX / MDIC. Accumulated sales from January to November 2015 were 59.7Mt, down nine per cent YoY. In the rolling 12 months... |
Argentina: cement price nearly doubles in 201524 December 2015, Published under Cement NewsCement prices have jumped between 70-90 per cent in 2015. At the start of the year, a 50kg bag would retail at ARP75-80 (US$5.8-6) while by the end of 2015, the price had risen to ARP125-145 (US$9.6-11), according to local press reports. The rise is attributed to speculative behaviour rather than higher production costs, exacerbated by the political pre-election uncertainty, which was ended by a change in president which saw Mauricio Macri take over from Cristina Fernandez de Kirchner afte... |
Supremo Cimento opens Adrianópolis plant, Brazil23 December 2015, Published under Cement NewsSupremo Cimento, part of the Secil group, on Thursday opened its 1.8Mta Adrianópolis plant in Paraná state, Brazil, local press have reported. Chief executive of Secil, Gonçalo Salazar Leite, said Brazil was expected to account for 20 per cent of the company’s turnover in the next five years. Secil plans to make Supremo cement a regional brand supplying southern Brazil and the state of São Paulo. The acquisition of the remaining stake 50 per cent stake of the Supremo group, in Jun... |
Argentina dispatches down 12.1% MoM10 December 2015, Published under Cement NewsIn November 2015, cement producers in Argentina dispatched 996,925t of Portland cement, including exports, down 12.1 per cent from the previous month, according to the latest data from domestic association AFCP. Compared to November 2014, the decline was limited to just 1.3 per cent. Domestic shipments were down by 12.7 per cent MoM during November 2015 to 995,497 tons, while YoY the fall was 0.1 per cent. |
Fitch Ratings: Latin America cement sector outlook stable, ratings negative10 December 2015, Published under Cement NewsIn its new report on the 2016 outlook for the Latin American cement sector, Fitch Ratings said the outlook for the regional cement sector is stable in 2016, however, the outlook on ratings is negative for next year. Further weakening sales volumes in Brazil are expected to be only slightly offset by stable demand growth in countries such as Colombia, Mexico, and Peru, according to Fitch Ratings. "Brazilian cement volumes will likely decline in the high single digits as lower investment a... |