Cement News tagged under: Loma Negra

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Loma Negra sees 2% drop in 2Q revenue but EBITDA up

09 August 2019, Published under Cement News

Argentina-based Loma Negra reported a 2.2 per cent YoY drop in 2Q net revenue to ARS7.47bn (US$165m) while consolidated adjusted EBITDA increased 7.1 per cent YoY to ARS1.929bn, according to Wall Street Online. The rise in EBITDA was attributed mainly to the cement, masonry and lime segment in Argentina but was also supported by growth across the company’s other key segment. Moreover, it was partially offset by non-recurrent production footprint adequacy cost of around ARS188m, without whi...

Loma Negra reports fire at L'Amalí plant

06 August 2019, Published under Cement News

Argentina’s Loma Negra has reported that a fire broke out in an auxiliary building of the second line at its L'Amalí plant, Olavarría, last Thursday night. The line is still under construction, however the cause of the incident is yet to be determined. The company has noted that no significant impacts are expected and the plant will operate normally to serve its customers, according to a press release.

Loma Negra to close Barker plant

14 June 2019, Published under Cement News

Argentina’s Loma Negra has announced that it will close its facility in Barker, Buenos Aires. The news follows a month of negotiations with the Ministry of Labor and previously confirmed job losses . As of Thursday, 13 June the plant will operate a single shift with 24 employees, while the procedures for a final closure will begin simultaneously. Loma Negra’s parent company, Carmargo Correa, has explained that the plant was obsolete, according to Perfil.

Cimpor

04 June 2019, Published under Cement News

Argentina's Loma Negra saw cement volumes decline by 11.7 per cent to 1.52Mt during the 1Q19. Of this Argentina provided 1.37Mt, a reduction of 13.8 per cent, and Paraguay 0.15Mt, an increase of 7.8 per cent. Ready-mixed concrete deliveries amounted to 0.26Mm³, an improvement of 1.8 per cent, while the volume of aggregates sold eased by 0.7 per cent to 0.29Mt. Loma Negra’s turnover improved by 3.6 per cent to ARS7438m (US$183m, with the dollar denominated turnover fell by 20.6 per cent) a...

Loma Negra net revenue edges up 4% in 1Q19

10 May 2019, Published under Cement News

Argentina’s Loma Negra, part of InterCement, reported a 3.6 per cent YoY increase in net revenue to ARS7.428m (US$183m) in the first quarter of 2019 on the back of expanding concrete sales in Argentina and growth in cement revenues in Paraguay. Consolidated adjusted EBITDA was 17.9 per cent higher YoY to ARS2.136m in the 1Q19, mainly due to cement, masonry and lime business in the domestic market but also as a result of expansion in the main other segments. In addition, it was partially of...

Loma Negra to cut 265 jobs

09 May 2019, Published under Cement News

Argentine cement producer Loma Negra, part of the InterCement Group, has announced that it plans to cut 265 jobs in its Barker cement plant Barker, Buenos Aires province. Currently the plant employs 330 staff. The company attributes the personnel reduction to the economic recession. The government is currently negotiating a solution, according to Esmerk Latin American News.

Loma Negra and Bridgestone enter water partnership

15 April 2019, Published under Cement News

Argentina’s Loma Negra and Bridgestone have entered a partnership to re-use in Llavallol, Buenos Aires province. Bridgestone will supply 200,000lpd of filtered water. The step will enable the cement producer to reduce pressure on the aquifer it uses to feed its plant.

Loma Negra reports rise in net revenue

08 March 2019, Published under Cement News

Argentina’s Loma Negra has reported a 7.9 per cent YoY increase in net revenue to ARS26,807m (US$789m) in 2018, compared with ARS24,839m of the previous year. Adjusted EBITDA climbed 14.5 per cent to ARS7121m, while the EBITDA margin rose from 25 per cent to 26.6 per cent. "During 2018 cement demand in Argentina turned much weaker in the second half of the year resulting in a 2.6 per cent year-on-year decline for the year as a whole. Looking into 2019, we expect the negative cycle that sta...

Aumund supplies multiple elevators to Argentinian plants

18 December 2018, Published under Cement News

Aumund Brazil has worked closely with Sinoma Tianjin TDS of China to create two orders in South America. Aumund will supply three chain bucket elevators, eight belt bucket elevators, five pan conveyors and a drag chain conveyor for Loma Nega Cement's L'Amali Line 2 in Argentina. The order will also include 19 silo discharge gates. Sinoma TDI and Aumund have also been working together at Cementos Avellaneda, which is expanding the Olavarría and San Louis plants in Argentina. In the summer o...

Loma Negra reports 47% 3Q revenue growth

09 November 2018, Published under Cement News

Argentina-based Loma Negra has posted a net revenue of ARS6.131m (US$192m), up 47.2 per cent YoY in the third quarter of 2018. The company has attributed the increase to growth in its cement, masonry and lime business in Paraguay and its concrete operations in Argentina. In Argentina the company’s cement, masonry and lime reported a 41.5 per cent increase in net revenues due to a favourable pricing environment. In terms of consolidated adjusted EBITDA, gains of 69 per cent were made YoY ...