Cement News tagged under: Paraguay
Paraguay: INC expects price fall in 1Q1708 July 2016, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) forecasts a fall in cement prices at the start of 2017 as the cement producer brings online its new cement mill and the fuel conversion of the kiln is completed. An improved quality, quantity and lower production cost will be the benefits of the recent upgrade of the company’s cement works, says Jorge Méndez Cuevas, CEO of INC. The completion of the project will also enable the company to raise output to 80,000 bags per day, he added. The c... |
Paraguay: INC undergoes maintenance work21 June 2016, Published under Cement NewsParaguayan cement company Industria Nacional del Cemento (INC) will carry out maintenance work in Villeta for six days, suspending production there from 20 June 2016. The cement producer does not expet the maintenance work to affect cement supply. The firm is still going head with a number of projects that will save it a substantial sum each year, reports Esmkla. |
Paraguay: INC faces increased Brazilian imports03 June 2016, Published under Cement NewsBrazil’s current imports of around 400,000 bags of cement is damaging the Paraguayan cement industry, according to Jorge Méndez, CEO of Industria Nacional de Cemento (INC). This represents over a third of monthly cement demand. "What we're seeing is that cement consumption is virtually unchanged, but a lot of product is entering [Paraguay] from Brazil," he said. Particularly in Alto Paraná it is difficult to sell cement as Brazilian cement is sold at around PYG36,000/bag. While some cement... |
Paraguay: Vallemi fuel conversion civils to start May12 April 2016, Published under Cement NewsThe civil work related to the fuel conversion of the kiln at the Vallemi plant of Paraguay’s Industria Nacional de Cemento (INC) is scheduled to start in May, said CEO Jorge Méndez. The works will include the construction of a new coal unloading facility, concrete foundations for equipment and electro-mechanical structures. Local firm CIE was awarded the US$15m contract. Around half of the equipment has now arrived in Paraguay, he added. The company purchased some 150,000t to tie over ce... |
Paraguay: INC expects annual sales up US$60m due to new mill15 March 2016, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) expects to see annual sales up by US$60m following the commissioning of its new mill in 2H16, according to CEO, Jorge Méndez. At present, the company sells around US$90m in bagged cement. Assembly of the new mill, which is manufactured by Sinoma of China, will be carried out by local company Engineering SA. The project represents an investment of US$11.5m. “In a few weeks’ time, the mill will embark in China and arrive in the middle of the y... |
Paraguay: INC kiln out for fuel conversion18 February 2016, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) will switch off its kiln in July to carry out a three-month fuel conversion at its Vallemi plant, according to Jorge Méndez, INC’s CEO. It is expected that the kiln will be fired up again in October, using petcoke instead of the current fuel oil. At present the company is preparing a call for tender to clinker suppliers for the delivery of around 180,000t of clinker. This would enable the cement producer to continue the production of 50,000... |
Paraguay: demand up 8%, prices to fall 15%08 January 2016, Published under Cement NewsIn 2015 Paraguayan cement producer Industria Nacional del Cemento (INC) sold 12.4m bags of cement, an increase of eight per cent YoY, according to Jorge Méndez, CEO of INC. Mr Méndez also said that the previously-loss-making company had racked up 28 consecutive months of profits and saw its profit reach around PYG42bn during this time. Since March the company has been able to reduce the cost of cement and a further US$22m in savings are expected as a new fuel system is expected to drop cos... |
Cimpor05 January 2016, Published under Cement NewsCimpor recently made disposals to strengthen its capital base. It has raised EUR32m from the sale of 16 per cent of the equity in Yguazu Cementos in Paraguay, reducing its interest to 51 per cent. In addition, it has raised US$25.35m through selling the Guarulhos and Barueri quarries in the Brazilian state of São Paulo to Polimix Concreto Ltda. |
Cimpor sells a minority stake in Paraguay producer31 December 2015, Published under Cement NewsCimpor has sold a 16 per cent stake in Ygauazu Cementos of Paraguay for a total of EUR32m, the company announced in a statement. The sale reflects a 14x EBITDA multiple. Cimpor retains a controlling stake with a 51 per cent participation, with the remaining share capital to be held by already existing Paraguayan partner Concret Mix. The sale of the minority stake is among many of the self-help measures being undertaken by Cimpor to strengthen its capital structure and increase profitabili... |
Paraguay to import 200,000 bags of cement22 October 2015, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) estimate it will import around 200,000 bags of cement per month to cover domestic demand this year, according to its CEO, Jorge Méndez. "The idea is to buy at similar cost to what we produce in Paraguay and from countries of the region such as Argentina and Brazil," said Mr Mendez. He added that currently the production of cement is about 50,000 bags per day and for next week, that will increase to cover the amount that came producing normally. |