Cement News tagged under: Latin America

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Ecuador monthly sales down 10.3%

02 April 2015, Published under Cement News

Cement sales in Ecuador in February 2015 were 0.436t, down 10.3 per cent compared to 0.486Mt recorded in January 2015. For the first two months of this year, accumulated sales totalled 0.922Mt, latest information from Instituto Ecuatoriano Del Cemento Y Del Hormigon shows. Total sales last year came in at around 6.45Mt, up from 6.3Mt the previous year.

Lafarge's final full year turnover and EBITDA in decline

18 February 2015, Published under Cement News

Lafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and the EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1,881m, but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m.  Net financial charges declined by a furthe...

Cemex LatAm 2014 turnover declines, consolidated sales rise

05 February 2015, Published under Cement News

Cemex Latin American Holdings saw turnover decline by 1.4 per cent to US$1725m during 2014 and EBITDA decline by 8.84 per cent to US$577m with the margin declining from 36.2 to 33.5 per cent. The trading profit came down by 7.9 per cent to US$478.4m and after a 20.5 per cent drop in financial expenses to US$90.4m and other items, the pre-tax profit did improve by 4.1 per cent to US$419.1m. After tax and minorities, the net attributable profit emerged 3.5 per cent ahead at US$273.4m. The n...

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...