Cement News tagged under: Loma Negra
Loma Negra to cut 265 jobs09 May 2019, Published under Cement NewsArgentine 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 partnership15 April 2019, Published under Cement NewsArgentina’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 revenue08 March 2019, Published under Cement NewsArgentina’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 plants18 December 2018, Published under Cement NewsAumund 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 growth09 November 2018, Published under Cement NewsArgentina-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 ... |
Loma Negra reports 2Q18 net revenues up 37%10 August 2018, Published under Cement NewsLoma Negra reports its 2Q18 net revenue increased 37.2 per cent to ARS4.757bn (US$169.4m) in 2Q18, from ARS3.467bn in the comparable quarter last year. Cement, masonry and lime revenues in Argentina were up 33.4 per cent YoY, to ARS3.503bn despite volumes remaining almost flat. Cement revenues in Paraguay increased 49.2 per cent, reaching ARS369m in the quarter as the 2.4 per cent YoY decline in volume was more than offset by Paraguayan guarani appreciation against the Argentine peso and b... |
Loma Negra reports 1Q YoY results growth09 May 2018, Published under Cement NewsArgentina-based producer Loma Negra reported a 41.6 per cent rise in net revenues in the first quarter of 2018 to ARS4534m (US$230m) as the company’s combined cement, masonry and lime sales volumes in Argentina increased 9.5 per cent YoY and prices were favourable. Adjusted EBITDA advanced 40.6 per cent YoY to ARS1166m although the EBITDA margin remained flat at 25.7 per cent. In addition, Loma Negra’s concrete volumes in Argentina jumped 44.8 per cent to 0.25Mm 3 as public infrastr... |
Loma Negra 4Q17 net revenue rises by 57%09 March 2018, Published under Cement NewsLoma Negra (InterCement group) announced its results for the three- and 12-month periods ended 31 December 2017 with net revenue for 4Q17 increasing 57.1 per cent to ARS4452m (US$218.9m), from ARS2834m (US$139.3m) in 4Q16, mainly driven by higher volumes sold across all segments along with increased prices. Total cement, masonry and lime sales volumes in Argentina increased 14 per cent YoY in 4Q17 to 1.76Mt, driven by increased construction activity both in infrastructure and private consu... |
Loma Negra to consider LCVs to transport product25 January 2018, Published under Cement NewsArgentine cement producer Loma Negra is currently studying the use of long combination vehicles (LCVs) to reduce logistics costs while transporting more product on the country’s roads. "We do not yet use that kind of transportation. We are analysing the [Executive Power’s] decree to take advantage of the logistic improvements it offers, but LCVs would only be possible in certain corridors, "explained Sergio Faifman, general director Loma Negra. “We are analysing its possible use for input... |
Loma Negra to buy 15MW of renewable energy from Genneia05 January 2018, Published under Cement NewsArgentina’s Loma Negra will purchase 15MW of power from renewable energy company Genneia. The power will be generated by Genneia’s Rawson wind farm in Chubut province. Genneia has invested US$40m to expand the installed capacity of the wind farm by 24MW to 108.7MW. Most of the additional power will be bought by Loma Negra in a 20-year power supply agreement that will see the cement company lift its share of renewable power in its total electricity demand to eight per cent by the end of 201... |