Cement News tagged under: Latin America

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Cimpor achieves record cement sales and profits

03 March 2014, Published under Cement News

On 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 Holcim

28 February 2014, Published under Cement News

Holcim 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 News

Cement 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 jumps

24 February 2014, Published under Cement News

Lafarge'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...

FLSmidth establishes Colombian office

19 February 2014, Published under Cement News

FLSmidth is expanding its operations on the Colombian market through the establishment of a new office in the city of Barranquilla in the northern part of the country. “The new office that opened on 1 January 2014 will bring FLSmidth even closer to its customers on the Colombian market and strengthen the local service offerings,” FLSmidth said in a statement. The company also added that over the last decade, the Colombian economy has been on an upward spiral due to improvement in the secu...

Brazil Jan cement sales rise 6.8% YoY

12 February 2014, Published under Cement News

Preliminary data and market estimates show that Brazilian cement sales increased by 6.8 per cent in January 2014 to 5.9Mt, latest data from local cement association SNIC shows.  Sales for the 12 months between February 2013 – January 2013 totaled 79.4Mt, representing an increase of 2.5 per cent compared to the comparative period of the previous year (February 2012 – January 2013).

Cemex LatAm Holdings sees improved profitability in most markets

06 February 2014, Published under Cement News

Cemex Latin American Holdings (CLH) has reported 10 per cent increase in turnover for 2013 against the pro-forma numbers for the previous year and improved profitability was seen in most of Cemex LatAm's markets. EBITDA increased by 16 per cent driven by higher volumes, along with lower maintenance and fuel costs and lower distribution expenses, compared to pro forma 2012. EBITDA margins increased by 1.8 percentage points reaching 36.2 per cent, compared to 2012. The increased profitabil...

December profit but full-year deficit remains for INC

27 January 2014, Published under Cement News

Paraguay’s Industria Nacional de Cemento (INC) grossed PYG4bn (US$860,080) in December, according to its president, Jorge Mendez. It is the third-consecutive month that the cement producer returns a positive balance and the company attributes it to the implemented financial and commercial measures. However, while in the October-December period, profits reached PYG7.435bn, for the full-year 2013, the company remains in deficit at PYG20bn. The state-owned cement producer has a current o...

Brazilian cement sales seen reaching 70Mt in 2013

17 January 2014, Published under Cement News

Brazilian cement sales in during December 2013 remained stagnant at 5.1Mt compared to the same month of the previous year, latest data from local association SNIC shows. In the final quarter of 2013, sales increased by 2.7 per cent. In the first, second and third quarters sales increased by two, 4.4 and 4.2 per cent respectively. These preliminary results indicate that for 2013, sales by domestic producers into the market were 70Mt compared to 68.3Mt the year before, a rise of 2.3 per cent.

Peru market expands at slower rate

15 January 2014, Published under Cement News

Cement dispatches in Peru increased 7.45 per cent YoY to 9,408,853t between January and November 2013, according to the its cement association Asocem. The latest figures confirm a cooling trend as dispatches in October increased 8.23 per cent and January-November 2012 showed a rise of 16.6 per cent. Full-year growth is expected to be around nine per cent, significantly lower than the 15.4 per cent reported at the end of 2012. However, according to Maximixe analyst Pablo Otero, the contin...