Cement News tagged under: Latin America

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Loma Negra to proceed with San Juan plant

02 December 2013, Published under Cement News

Loma Negra has Loma Negra approved the construction of a new cement plant in San Juan, according to the Argentine cement producer’s manager, Osvaldo Schütz. While the company had shelved the project, which was to start this year, following the strong protest of the local Pocito population, Mr Schütz said the plant would be built but did not specify the exact location. Construction on the 2000tpd works would start in 2014 and take 30 months to build. Loma Negra is Argentina’s leading c...

Ecuador October cement sales see monthly, annual gains

14 November 2013, Published under Cement News

Cement sales in Ecuador totaled 611,987t in October 2013, an increase of 4.4 per cent YoY, the Institute of Cement and Concrete (INECYC) has reported. The figure also marks a MoM increase of 8.17 per cent compared to the 565,775t sold in September 2013 For the first 10 months of the year, sales have increased by 10.2 per cent to 5.45Mt against the 4.93Mt in the comparative period of 2012.

Cement demand in Argentina advances 19%

14 November 2013, Published under Cement News

In October 2013, Argentinean cement plants shipped 1,151,413t of cement, including exports, representing a 9.5 per cent increase compared to the previous month and a 16.2 per cent rise YoY. Domestic consumption, including imports, reached 1,136,672t, up nine per cent from September and increasing by 19.1 per cent YoY .

FICEM-APCAC XXX Peru 2013

05 November 2013, Published under Cement News

Peru, currently home to one of the world’s fastest-growing cement markets, played host to the annual FICEM-APCAC Technical Congress on 2-4 September 2013 at the Delfines Hotel and Casino in Lima. A resounding success, the conference and exhibition attracted a record 358 delegates from across the Latin America and the Caribbean regions, making it one of the largest meetings ever convened by the association. Gladys Triveño Chan Hang, Peru’s minister of production, cuts the ribbon to mar...

Peru’s Cementos Pacasmayo net profit up 4.1%

30 October 2013, Published under Cement News

Cementos Pacasmayo saw its net income increase by 4.1 per cent to PEN48.8m (US$17.6m) in the third quarter compared to the same period of 2012.  Consolidated EBITDA rose by 17.6 per cent YoY to PEN90.2m. In the first nine months of the year, net income advanced 0.5 per cent YoY despite a weak 2Q13. Consolidated EBITDA registered a 28 per cent rise. In terms of cement sales, Pacasmayo noted a 3.5 per cent increase YoY with output up 3.3 per cent YoY. Cementos Pacasmayo is the secon...

Cemex Latin America cement shipments edge ahead, grows stronger downstream

24 October 2013, Published under Cement News

Cemex Latin American Holdings' turnover for the first nine months of the year advanced by eight per cent to US$1287.8m, while the EBITDA increased by 16.2 per cent to US$474.4m. The increase at the trading level was a little less at 14.1 per cent to US$405.4m. After a net interest charge of US$86.8m, the pre-tax profit amounted to US$309.1m. Net debt at the end of September stood at US$1345m, to give a gearing level of 94.7 per cent, with 88 per cent of the total gross debt being denomina...

Cimpor outlines Latin America spend

16 September 2013, Published under Cement News

Cimpor is to invest some BRL3bn (US$1.319bn) over the next four years which is expected to include new factories in Brazil and Argentina. Company CEO Ricardo Lima said the main objective is to reinforce Cimpor's position in Brazil where it operates in all regions except the north. The company is therefore gong to invest in a new unit in northern Brazil, probably Belem or Manaus, he told local news agency, Lusa. Another factory is being planned for Argentina’ western province of San Jua...

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).