Cement News tagged under: Latin America

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S&P lifts Cimpor outlook from stable to positive

05 September 2013, Published under Cement News

Standard & Poor’s has reaffirmed its ‘BB/B’ long and short term rating on Cimpor and InterCement, revising the outlook from stable to positive. The change follows the Outlook revision from stable to positive, keeping a ‘BB’ rating of Camargo Correa, which indirectly controls 94.2 per cent of Cimpor share capital. According to the rating’s agency, the outlook revision to positive based on the successful integration of InterCement and Cimpor assets and on the expectation that the new cement ...

Cemex seeks further collaboration for housing and infrastructure projects

21 August 2013, Published under Cement News

During its participation in the XLVIII Inter-American and Caribbean Housing Conference, Cemex announced that it has collaborated in the development of infrastructure projects, as well as in the construction of close to 10,000 housing units. Speaking at the event in the Chilean capital Santiago, Carlos González, president of Cemex in the Dominican Republic and leader of Cemex's Infrastructure and Housing Initiative, exemplified the diverse integrated solutions that Cemex offers the market, ...

Brazil's monthly cement sales up 4.4%

13 August 2013, Published under Cement News

Brazilian cement sales in during July increased by 4.4 per cent YoY to 6.2Mt, latest data from Sindicato Nacional da Indústria do Cimento shows. During the January-July 2013 period, local sales edged ahead on the same period of last year by two per cent to reach 39.9Mt. For the rolling 12 months between August 2012 to July 2013, sales were 69.2Mt, a 2.9 per cent advance on the corresponding period of the previous year (August 2011-July 2012).

Cemex Latin American Holdings recovers in 2Q

25 July 2013, Published under Cement News

Cemex Latin American Holdings' first-half turnover improved by 2.8 per cent to US$814m and the EBITDA rose by 12.2 per cent to US$306.4m. The increase at the trading level was a somewhat more modest 7.3 per cent to US$260.3m. After a net interest charge of US$58.8m, the pre-tax profit emerged at US$193.4m. Net debt at the end of June stood at US$1411m, giving a gearing level of 103.9 per cent. Cement shipments in the period was 1.7 per cent lower at 3.62Mt, while aggregates deliveries wer...

Peru’s cement market expands 11.4% in 1H13

16 July 2013, Published under Cement News

Domestic cement dispatches in Peru totalled 4,904,873t in the first half of 2013, representing an increase of 11.42 per cent when compared with 1H12, according to Peru’s cement producers’ organisation, Asocem. Cement production in the Jan-Jun period reached 5,020,162t, up 12.1 per cent YoY from 4,478,151t. June proved an excellent month for exports as local cement producers shipped 92,271t of cement across the country’s borders, noting a 37.4 per cent rise YoY.

Cemengal receives new order from Latin America

17 June 2013, Published under Cement News

Cemengal has received an order from a client in Latin America to supply a Plug&Grind®. This is a complete cement grinding and packing station, assembled in Spain with European components, shrunk to eight containers and able to produce up to 100,000tpa of standard OPC cement.

Cemex Lat'Am publishes 2012 results

07 February 2013, Published under Cement News

As a result of the flotation of a minority stake in the Central and South American operations of Cemex, Cemex Latin American Holdings' 2012 results have just been published for the first time, on the eve of the parent company's annual results announcement. The pro forma figures show a 25.4 per cent increase in turnover to US$1591.7m and an EBITDA advancing by 44.4 per cent to US$547.5m as the margin increased from 29.9 per cent to 34.4 per cent. The trading profit showed a 55.3 per cent a...

Latin America market movements

21 January 2013, Published under Cement News

Three major Latin American countries, Brazil, Peru and Argentina, released full-year consumption figures for 2012 this week with two showing YoY gains while demand in the third faltered. Brazil With Brazil's economy continuing its lull, construction activity is expected to have grown by five per cent last year, thus underperforming its significant potential. Fundamentally, the opportunities for the construction sector are immense given the country's housing and infrastructure needs and...

Put option exercised on Cemex's Colombia IPO

13 December 2012, Published under Cement News

Cemex's Latin American subsidiary Cemex Latam Holdings (CLH) will buy back the overallotment portion of its 15 November IPO. The subsidiary will buy the 22.2 million shares included in a put option at US$6.75 each and hold those shares in treasury, Cemex said in a statement. The purchase amounts to around US$150m. Cemex Latam raised about US$1.15bn from last month's share offering via the sale of just over 170 million shares. Of the total shares, 148.2 million were sold in a public ...

Cemex prices Latam IPO, Colombia

07 November 2012, Published under Cement News

Cemex announced it has priced shares of its Latin American unit Cemex Latam Holdings SA at COP12,250 (US$6.75) each in an offering from which it expects to receive about US$1.1bn. Cemex said it priced 170.4 million shares in the unit, which is listed on the Colombian stock exchange. Of the total shares, 148.2 million shares were sold in a public offering to investors in Colombia and in a private placement to eligible investors outside Colombia. Another 22.2 million shares are subject to...