Cement News tagged under: Latin America
Peru: market expands 1.35% in 1Q1416 April 2014, Published under Cement NewsIn March, the Peruvian cement market remained broadly stable from 815,317t in February to 814,495t, according to domestic cement association, Asocem. Output from local producers increased 1.4 per cent from 832,275t the previous month to 844,301t and exports rose 8.1 per cent from 15,349t in February to 16,599t. Between Jan-Mar 2014, cement shipments in Peru totalled 2,453,948t, a YoY increase of 1.35 per cent. Production in the first quarter of 2014 reached 2,501,997t, slipping b... |
Argentina: cement demand falls 1.8% YoY09 April 2014, Published under Cement NewsIn March 2014, Argentina’s cement companies shipped 910,954t, including exports, reflecting a 13.5 per cent MoM rise, but a YoY drop of three per cent. The domestic market was entirely supplied by local cement and demand rose MoM by 14.7 per cent to 898,807t but was 1.8 per cent lower than in March 2013. |
Lafarge Brasil inaugurates Rio de Janeiro plant25 March 2014, Published under Cement NewsLafarge has inaugurated a new cement plant in Santa Cruz, in the western zone of Rio de Janeiro, Brazil. In its first year of operation the plant will produce some 500,000t of cement and will reach full capacity of 750,000tpa by 2015. The plant covers an area of more than 57,000m2, and is located on the edge of Avenida Brasil to facilitate logistical operations. It will work in line with Lafarge’s existing cement plant in Cantagalo, with which it will share raw materials. Two types of cemen... |
Peruvian domestic dispatches stable19 March 2014, Published under Cement NewsCement dispatches in Peru edged up 0.14 per cent in Jan-Feb 2014 to 1,639,454t when compared with the equivalent period of the previous year, according to Peru’s cement association, Asocem. However, producers saw a 25.3 per cent YoY drop in exports, which reached 32,569t. Cement production in the country’s cement plants fell 1.2 per cent to 1,657,696t when compared with Jan-Feb 2013. |
Fitch Affirms Holcim rating, outlook stable13 March 2014, Published under Cement NewsFitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Swiss cement major of Holcim as at BBB. The outlook is stable. The ratings agency said the affirmation reflects Holcim's leading market positions as one of the world's largest cement producers and its improving financial profile. The group reduced leverage to 3.5x in 2013 from 4.2x in 2011 (on a fully consolidated basis), supported by in excess of CHF1bn in non-core net asset disposals over the past two years. Earning... |
Argentina: monthly cement demand slips12 March 2014, Published under Cement NewsIn February 2014, dispatches from Argentina’s cement plants fell 13.9 per cent MoM to 802,573t, including exports. However, YoY the drop was more modest at 4.4 per cent, data from domestic association AFCP reveals. Domestic cement consumption saw a similar MoM and a 3.1 per cent YoY decrease with cement producers delivering 783,917t. No imports were recorded. |
Cimpor achieves record cement sales and profits03 March 2014, Published under Cement NewsOn a comparative basis, turnover at Cimpor increased by 25.5 per cent last year to EUR2624.5m and the EBITDA rose by 45.5 per cent to EUR691.8m. The trading profit emerged at EUR487m compared with a loss of EUR7.2m in the previous year on an integrated basis, or a EUR305.8m proforma profit on a restated basis, or a 59.3 per cent increase. The net financial charge, on an integrated basis, rose by 23.2 per cent to EUR406.9m, giving a pre-tax profit of EUR80.1m and at the net attributable le... |
Mixed full-year performance for Holcim28 February 2014, Published under Cement NewsHolcim reported a mixed performance in 2013 as attributable profit doubled while turnover declined. Overall volumes were down due to weaknesses in key emerging markets, but European shipments were finally on the up. For the full year Holcim’s turnover declined by 6.8 per cent to CHF19,719m (US$22,349m). Operating EBITDA edged ahead by 0.2 per cent to CHF3896m, though ignoring last year’s restructuring there was a 5.6 per cent reduction. Trading profit rose by 34.8 per cent to CHF2357m but w... |
Peru: January sales slip 3%25 February 2014, Published under Cement NewsCement shipments in Peru reached 824,137.39t in January, according to the country’s cement assocation Asocem. This represents a YoY decrease of 3.1 per cent. In January, Peruvian cement producers exported 17,220t. |
Lafarge's profit drops in Europe and Latin America, but group net profit jumps24 February 2014, Published under Cement NewsLafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading profit fell by 14 per cent to EUR2,075m as carbon credits dropped by 85.9 per cent from EUR99m to EUR14m. Net financial charges, which had been rising in recent years, declined by 4.9 per cent to EUR1041m, while other charges were 88.9 per cent lower at EUR55m, resulting in a pre-tax profit 20.2 per cent higher at EU... |