Cement News tagged under: Loma Negra

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Loma Negra to hire 120 workers for L'Amali II

17 October 2019, Published under Cement News

Argentine cement producer Loma Negra announced it will hire 120 workers for the new line at its US$350m L'Amalí II plant in Bonaerense de Olavarría, Argentina. Of the 120 new positions, 80 will be operators and the rest managers and analysts, according to a company statement. The selection of staff will be carried out both internally and externally and the company will be in charge of carrying out the search. Loma Negra highlighted that the external search will focus on Olavarría and sur...

Loma Negra to shut Sierras Bayas plant

10 October 2019, Published under Cement News

Argentine cement producer Loma Negra has announced it will close its Sierras Bayas plant, the oldest cement production facility in the country. The plant, which is a century old, operated as a grinding and dispatch facility since 2001, when a domestic downturn in the market led to the shutdown of its kiln. While two years ago, Sierras Bayas employed 100 workers, now there are only 22 left, in addition to 23 that supply services to the works. Sierras Bayas provided employment to around 1800...

Loma Negra to turn San Juan plant into grinding and dispatch unit

05 September 2019, Published under Cement News

Argentina's Loma Negra has announced that it will be converting its 400tpd integrated plant in San Juan into a grinding and cement dispatch facility. "In the plant no more cement will be manufactured, the clinker will be brought from the Frías plant in Catamarca, located 600km away," said Ivan Malla, general secretary of the Argentine Mining Workers Association (AOMA). Of the 70 plant workers, this decision was expected to impact 40. However, after union negotiations this was reduced to 2...

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 clinker production at Barker plant

14 June 2019, Published under Cement News

Argentina's Loma Negra has announced that it will stop clinker production at 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. However, t...

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.