Cement News tagged under: Latin America

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Dangote Asian expansion?

18 October 2016, Published under Cement News

According to a Ghanaian news source, Dangote Cement is hoping to expand into the Asian market over the next decade. It is reported that the company plans to launch in southeast Asia and Latin America once it is able to consolidate its operations in Africa. Immediate targets for such an expansion are countries such as Nepal, Indonesia, Vietnam and Colombia, according to Armando Martinez Gallegos, director of Dangote’s Ibese plant in Nigeria. Mr Gallegos commented, “Dangote has to first ...

Seizing opportunities

08 August 2016, Published under Cement News

Cementos Argos has expanded rapidly over the last decade from a local Colombian company to a multinational cement, concrete and aggregates player, competing successfully in a global business environment. ICR speaks with Cementos Argos’ CEO, Juan Esteban Calle, about the company’s continued rise. Juan Esteban Calle, CEO of Cementos Argos By the end of 2015 Cementos Argos had transformed its operations to encompass nine integrated cement plants in Colombia, three in the US and one...

Cemex Latin American Holdings sees improved cement volumes in Colombia

28 July 2016, Published under Cement News

Cemex 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 News

Cemex 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 sales

14 January 2016, Published under Cement News

Brazilian 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 Stable

12 January 2016, Published under Cement News

Fitch 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 Americas

11 January 2016, Published under Cement News

FLSmidth 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 update

31 December 2015, Published under Cement News

Preliminary 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 2015

24 December 2015, Published under Cement News

Cement 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, Brazil

23 December 2015, Published under Cement News

Supremo 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...