Cement News tagged under: Loma Negra
Cachapuz Bilanciai Group wins L'Amali order22 February 2021, Published under Cement NewsSLV Cement, Cachapuz's IT Logistics solution for the cement sector will be implemented at the Loma Negra L' Amalí cement plant. This solution has already been implemented in the factories of Lomaser and Olavarria. Cachapuz is proud to be a partner of Loma Negra, an InterCement Group company, taking part in its digital evolution and growth |
Loma Negra resumes production17 December 2020, Published under Cement NewsThe Argentine Miners Union (AOMA) and Loma Negra have reached an agreement after a 10-hour round of negotiations resulted in new basic and additional salaries for the employees of its limestone supplier Minerar as well as a voice in the Cement Agreement negotiations that start in February, according to BAE Negocios. As Loma Negra resumes production, it is expected that cement dispatches will normalise quickly. Ten days ago, the conflict paralysed two kilns at Loma Negra’s Olavarría plant,... |
Loma Negra forced to stop kilns in Olavarría07 December 2020, Published under Cement NewsA conflict between Argentina’s mining workers' union and Minerar, a key supplier of raw material, has forced Loma Negra to halt its two kilns in Olavarría. If the issue continues, cement dispatches are expected to be interrupted in the coming days. The disruption comes within days of the country’s government announcing the decision to monitor the supply of building materials, to ensure the flow to private and public works. Loma Negra is carrying out an US$350m expansion project at its ... |
Loma Negra sells majority stake in Yguazú Cementos27 August 2020, Published under Cement NewsArgentina-based Loma Negra (Intercement) has sold its 51 per cent majority stake in Paraguay’s Yguazú Cementos. The value of the deal was not announced, but the company had been valued at US$80m. The buyer was a local shareholder company ConcretMix (owned by Grupo Bogarín), according to a note sent to Argentina’s National Securities Commission. Loma Negra is expected to use the funds from the transaction to pay its debt with local banks. In 2000 Intercement founded Yguazú Cementos in partn... |
Taking Loma Negra to the next level12 August 2020, Published under Cement NewsInterCement subsidiary Loma Negra has been in the process of expanding its L’Amalí cement plant in Argentina, including a new 5800tpd state-of-the-art kiln, two vertical roller mills as well as a complete system for bagging and palletising. Construction work has been disrupted due to the COVID-19 crisis, but the project team is now looking forward to completing this ambitious investment that will take L’Amalí to the next level. By Loma Negra, Argentina. Loma Negra’s L’Amalí 2 project ... |
Loma Negra sees 30% decline in revenue for 2Q2012 August 2020, Published under Cement NewsArgentina’s Loma Negra has announced a 30.1 per cent YoY decline in net revenue to ARS7453m (US$104m) in the second quarter of 2020. Consolidated adjusted EBITDA was also down 24.6 per cent to ARS2077m, while the margin climbed from 25.8 to 27.9 per cent. "Cement demand in Argentina in the second quarter contracted around 32 per cent YoY and around four per cent when compared sequentially with the previous quarter. Taking a closer look on the behaviour of our demand, we observed that the in... |
InterCement: today and beyond05 August 2020, Published under Cement NewsBrazilian cement major InterCement has built up a substantial international industry portfolio. In light of the latest global developments, Flavio Aidar, CEO of InterCement, shares an insight into the company’s recent performance, including the impact of COVID-19 on operations, updates on its activities in South America and Africa, and future goals. Flavio Aidar, CEO of InterCement ICR: COVID-19 is now a huge challenge facing the world. Are you and your team safe and well? ... |
Loma Negra reports 30% decline in revenue12 May 2020, Published under Cement NewsArgentina’s Loma Negra has reported a 29.6 per cent fall in net revenue to ARS7.77bn (US$122m) in the first quarter of 2020, compared to ARS11bn in the year-ago period. The company’s net profit saw a 44.4 per cent YoY decline to ARS881m from ARS1.58bn. Consolidated adjusted EBITDA was down 17.9 per cent YoY to ARS2.60bn, while the adjusted EBITDA margin increased to 33.5 per cent from 28.7 per cent. "In this unprecedented COVID-19 situation, we are proud of the resilience and ingenuity... |
Loma Negra sees net profit advance 35% in 201911 March 2020, Published under Cement NewsArgentina’s Loma Negra has reported a 5.5 per cent YoY decline in revenue to ARS38.95bn (US$660m) for the full-year 2019 period, compared with ARS41.24bn in the previous year. However, net profit surged 34.8 per cent YoY to ARS4.04bn from ARS3bn. Adjusted EBITDA also climbed 2.3 per cent YoY to reach ARS11.21bn. The company’s sales volumes of cement, masonry and lime fell 9.7 per cent overall to 6.04Mt in 2019. Argentina contributed 5.47Mt (-10.6 per cent YoY), while Paraguay saw sales of ... |
Argentina remains optimistic17 December 2019, Published under Cement NewsArgentina is facing more economic woes as inflation, interest rates, unemployment and the poverty rate continue to climb. But given the pressing need for both housing and infrastructure, its cement producers continue to invest in new capacity. With a new occupant at the Casa Rosada, the Argentine President’s executive mansion, the country has an optimistic view of the future At the end of October, Argentinians went to the polls to elect their president amid challengi... |