Cement News tagged under: Paraguay
December profit but full-year deficit remains for INC27 January 2014, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) grossed PYG4bn (US$860,080) in December, according to its president, Jorge Mendez. It is the third-consecutive month that the cement producer returns a positive balance and the company attributes it to the implemented financial and commercial measures. However, while in the October-December period, profits reached PYG7.435bn, for the full-year 2013, the company remains in deficit at PYG20bn. The state-owned cement producer has a current o... |
South America now drives Cimpor27 November 2013, Published under Cement NewsTurnover for Cimpor during the first nine months of the year emerged 23.4 per cent higher as the additional assets in Argentina, Brazil and elsewhere more than made up for the assets sold, predominantly in the Mediterranean rim. The EUR1984.3m turnover was 69.5 per cent higher than the EUR1170.6m shown for the first nine months of last year. EBITDA improved 14.2 per cent to EUR481.5m on a comparable basis and 35.5 per cent higher than the EUR355.4m shown a year ago. There has been no in... |
Yguazu Cementos to enter operations in October17 September 2013, Published under Cement NewsParaguay’s Yguazú Cementos is expected to light the kiln at its Villa Hayes plant in October. The initial production of the works is estimated at 100,000-150,000 bags per month – all destined for the local market. "We estimate that in the second half of October all will be set to inaugurate and start production," said the company's general manager, Cleber Ceroni. He said production will increase after the first month. The plant’s first output is scheduled to be delivered to the domesti... |
Paraguay’s government evaluates INC capitalisation options16 September 2013, Published under Cement NewsThe Paraguayan government is currently analysing the different alternatives to inject capital in the state-owned Industria Nacional del Cemento (INC). One option include a private-public partnership, according to Jorge Méndez, INC president. Apart from the need of new capital, the cement producer also needs new information systems to improve its invoicing and management. Mr Méndez said that the company plans improvements in three areas: transparency (to counter complaints of irregular... |
Paraguay’s INC registers 5M13 loss18 July 2013, Published under Cement NewsState-owned Industria Nacional del Cemento of Paraguay noted a loss of PYG22.413bn (US$5m) in the first five months of 2013, indicating a rise on the previous year. In 2012, the company registered a full-year loss of PYG41.646bn, according to local news service ABC. The 2012 loss is attributed to a combination of high sales and operational costs. Sales costs reached PYG343.676bn against a revenue of PYG392.626bn. The gross margin of nearly PYG49bn is offset by operational costs of PYG81... |
INC notes 21% sales rise, Paraguay09 July 2013, Published under Cement NewsCement sales by Paraguay’s state cement company INC increased by 21 per cent to 4.8m bags in June when compared with the same month last year. January cement sales peaked at 1,145,623 bags but notably dropped to 699,330 the following month – a trend which continued in March when INC delivered 577,623. Fortunately, sales picked up in April as the company sold 802,646 bags. However, June showed an 11 per cent MoM decrease from 884,441 bags in May to 787,217 bags as rain affected building wo... |
Cimpor: restructured for growth25 March 2013, Published under Cement NewsFollowing the restructuring of Cimpor and asset swaps with InterCement Austria Holding, the Portuguese cement major is looking forward to an increased footprint in Latin America and Africa, two geographic areas with high growth potential. Essentially, Cimpor acquired the assets held by Camargo Correa, InterCement Austria's ultimate parent, in Argentina, Brazil, Paraguay in exchange for Cimpor's assets in Morocco, Tunisia, Turkey, India, China, Peru, Spain, which were subsequently transfer... |
Paraguay’s INC records rise in 2H12 cement sales17 January 2013, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) posted a 56 per cent jump in second half 2012 sales compared to the first half of the year. The company sold 6,337,786 bags of cement in the second half of 2012 compared to 4,051,637 bags sold in the first six months. As a result, the company accumulated revenues of PYG262,823m (US$62.7m) in the final semester of the year, a marked improvement on the first-half PYG166,131m. Full-year sales reached 10,389,423 bags, up 3.6 per cent from 1... |
INC suspends clinker production but assures supply continues, Paraguay15 January 2013, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) announced it will suspend clinker production for 45 days but assured the market it will not reduce supply during the programmed stop. The shutdown of the clinker line is necessary to change refractories and carry out maintenance on the precalciner as well as repair the roofs in the third and fourth stage of the cyclones. Meanwhile, proper planning will ensure the provision of cement during the maintenance period. It is reported that INC... |
INC call for tougher cement import controls in Paraguay07 December 2012, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) has called upon the Ministry of Industry and Commerce (MIC) to require precertification of the quality of imported cement. The company said the large inflows of imported cement are damaging its sales on the domestic market. INC head Carlos Krüssel said that the cement producer had already asked the National Customs Directorate (DNA) for more controls on cement imports. He added that the National Institute of Technology, Standardisation and Me... |