Cement News tagged under: Loma Negra
Loma Negra expects Argentina's cement demand to continue rising11 March 2022, Published under Cement NewsThis week CemNet reported that cement consumption in Argentina had expanded by 16 per cent in February, as the market continues to consolidate its recovery from the pandemic. The improving market is a big boost for domestic cement producers such as Loma Negra which released slightly downbeat results for the 4Q21. Loma Negra, a subsidiary of InterCement (Brazil), reported a 37.4 per cent fall in net profits in the 4Q21 to ARS2795m (US$25.8m). However, sales volumes of cement, masonry and lim... |
Loma Negra sees 37% drop in net profit in 4Q2108 March 2022, Published under Cement NewsArgentina-based Loma Negra , owned by I ntercement do Brazil SA , reported a 37.4 per cent fall in net profit to ARS2795m (US$25.8m) in the fourth quarter of 2021. Revenues from sales in the 4Q21 declined 3.8 per cent YoY to ARS19,257m, driven by a decrease in cement sales and only partially offset by improved sales in aggregates and the company’s railway business. However, bagged sales remained robust on the back of solid demand from the retail market. Retail demand kept its strong p... |
Loma Negra inaugurates second line08 December 2021, Published under Cement NewsLoma Negra (InterCement group) has inaugurated its new production line at the L'Amalí plant in Olavarría, Argentina. Together with national, provincial and municipal authorities, and the cement manufacturer’s customers and suppliers, the second production line of L'Amalí, the largest cement plant in South America, was inaugurated on 6 December 2021. Its incorporation allows the company to increase cement production capacity by 40 per cent and create more than 160 new direct jobs. |
Loma Negra reports 9% increase in 3Q revenue12 November 2021, Published under Cement NewsArgentina’s Loma Negra has reported an 8.5 per cent YoY increase in revenue to ARS17,800m (US$176m) in the third quarter of 2021, against ARS16,399m in the comparable period of 2020. Consolidated adjusted EBITDA declined 9.1 per cent to ARS4696m from ARS5167m, while the margin fell to 26.4 per cent from 31.5 per cent. Net profit also decreased 84.9 per cent YoY to ARS1490m, mainly due to an extraordinary result in the year-ago period which saw a divestment in Paraguay. “We are pleased to ... |
Loma Negra relights L'Amalí kilns27 October 2021, Published under Cement NewsArgentine-based Loma Negra has turned its kilns at its L'Amalí in Olavarría back on after resolving the conflict with Minerar, the union that exploits the company’s limestone quarry. The Argentine Mining Workers Association (AOMA) and Loma Negra reached an agreement to improve the working conditions of Minerar’s staff. |
Loma Negra pauses production at L'Amalí plant26 October 2021, Published under Cement NewsArgentina’s Loma Negra has reportedly stopped production at its L'Amalí plant in Olavarría as a result of a union conflict between the Mining Workers Association of Argentina (AOMA) and its limestone supplier, Minerar, leaving it without stock of the raw material. The conflict between AOMA and Minerar is the only cause of the suspension of production. It is expected to have a significant impact if left unresolved as the L'Amalí plant represents 70 per cent of the company’s total productio... |
Loma Negra records 47% advance in net revenue13 August 2021, Published under Cement NewsArgentina's Loma Negra has reported a 46.6 per cent YoY increase in net revenue to ARS14.269bn (US$147m) in the quarter ending 30 June 2021, mostly driven by its cement segment. Its consolidated adjusted EBITDA also climbed 74.1 per cent YoY to ARS4354m, with the EBITDA margin expanding from 25.7 per cent to 30.5 per cent. "We are pleased to announce another quarter with an excellent performance. Demand continues with a strong momentum and, after several quarters of recovery, is now exceedi... |
Loma Negra to increase L'Amalí output to 4.9Mta21 June 2021, Published under Cement NewsFollowing the kiln lighting ceremony on Saturday, 18 June, Loma Negra’s expanded L’Amalí plant in Argentina, is set to start production on 26 June. The US$350m project will increase the plant’s production capacity by 2.7Mta to 4.9Mta with construction carried out by China’s Sinoma. “It is a milestone in the history of Loma Negra. I would like to thank everyone who was working on the site, workers, Sinoma and contractors. We have had and gone through economic and social difficulties and i... |
Loma Negra posts 35% revenue surge14 May 2021, Published under Cement NewsArgentina’s Loma Negra has seen its net revenue surge 35.4 per cent YoY to ARS13,175m (US$143m) in the first quarter of 2021, against ARS9734m in the year-ago period, mainly on the back of strong results from its cement segment. Consolidated EBITDA advanced 49.6 per cent YoY to ARS4730m, while its margin climbed to 35.7 per cent from 32.3 per cent. Net profit was up 104.4 per cent from ARS1256m to ARS2568m. "We started the year in a very good shape, with a solid operating cashflow generat... |
Loma Negra reports 21% rise in revenue for 4Q2011 March 2021, Published under Cement NewsArgentina's Loma Negra has announced a 20.6 per cent YoY rise in net revenue to ARS13.26bn (US$160m) for the 4Q20, compared to ARS11bn in the year-ago period. Consolidated adjusted EBITDA surged 40.8 per cent to ARS4.73bn from ARS3.36bn in the 4Q19, while net profit was up 93 per cent to ARS2.96bn. "We finished the year in a very good way, when considering the unprecedented scenario that was presented since the beginning of the year. At that point in time, the fragile macroeconomic environ... |