Cement News tagged under: Peru

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Yura records 43% decline in 2Q19 profit

08 August 2019, Published under Cement News

Peru’s Cementos Yura (Gloria Group) has reported a 43 per cent YoY fall in profit to PEN56.5m (US$16.67m) for the second quarter of 2019. Cement sales were down 0.3 per cent to PEN231.3m in the 2Q19, while dispatches to external markets fell 22 per cent. Production between April-June reached 602,031t, decreasing five per cent compared to the year-ago period. In particular, clinker production fell 18 per cent to 331,707t due to a scheduled maintenance halt.  However, results are expected ...

Cementos Pacasmayo announces 12% revenue increase

18 July 2019, Published under Cement News

Peru’s Cementos Pacasmayo has announced a 11.9 per cent YoY increase in revenue during the 2Q19, mainly attributed to an 11.8 per cent rise in the sales volume of cement, concrete and precast. Net income advanced 37 per cent to PEN32.2m (US$9.8m), while its consolidated EBITDA climbed 11.3 per cent YoY to PEN94.3m. However, the cement EBITDA margin dropped from 30.3 per cent to 29.2 per cent as a result of higher-priced clinker used in April, according to the company. 6M19 results In th...

Peru’s cement consumption up 4% in June

16 July 2019, Published under Cement News

The Peruvian cement market expanded by 4.1 per cent YoY to 0.914Mt in June, according to Asocem, the country’s cement association. However, MoM demand fell by 4.8 per cent. Cement dispatches in Peru increased four per cent YoY to 0.906Mt in June 2019.  Of this total, Asocem members supplied 0.807Mt while a further 0.099Mt was delivered by non-members. Cement imports were up 46.1 per cent YoY to 154,300t in June 2019 while 40,900t of clinker also entered the country. In June 2018 there we...

Cemento Inka expects to start Pisco construction in August

20 June 2019, Published under Cement News

Peru-based Cemento Inka plans to start the civil works for its new 0.7Mta grinding plant in Pisco in August. The US$20m project is expected to take 12 months to complete with commissioning due in the 2H20, according to the company’s Director and Marketing Manager, Carlos Alberto Choy. Output from the plant will be sold in the markets of Ayacucho and Apurímac. The company is reportedly also in talks with quarry owners in southern Peru to supply them with limestone. Cemento Inka currently ...

Peruvian cement market expands 8% in May

18 June 2019, Published under Cement News

Cement consumption in Peru rose 8.2 per cent YoY in May 2019 to 0.976Mt, according to the country’s cement association, Asocem. Of this total, 0.97Mt was supplied by domestic producers, including 0.854Mt by Asocem members, who reported a 9.7 per cent YoY and a 8.3 per cent MoM rise in dispatches. Cement production increased 8.7 per cent YoY and 8.1 per cent MoM to 0.877Mt in May 2019 while clinker output advanced 5.5 per cent YoY and 3.8 per cent MoM to 0.766Mt in the same period. To m...

Peru’s judicial power ratifies fines for Unacem

29 May 2019, Published under Cement News

Peruvian cement production Unacem and its distributors saw a UIT1614 (PEN6.7m – US$2m) fine imposed by Indecopi in 2014 for anticompetitive practices, ratified by the country’s Third Chamber of Constitutional and Social Transitional Law of the Supreme Court.  The supervising body had sanctioned the companies Unacem, La Viga, A Berio & Cia, Manufactures of Commercial and Industrial Steel and 17 natural persons for "unreasonably and unjustifiably refused to sell cement Sol (manufactured by U...

Peru's cement market expands 3% in April

16 May 2019, Published under Cement News

Cement consumption in Peru advanced 3.4 per cent to 905,000t in April 2019, up 3.4 per cent when compared with April 2018, according to the country’s cement association, Asocem. Of this total, 898,000t was supplied by domestic cement companies, down from 922,000t in March 2019. Peruvian cement production increased 4.6 per cent YoY but fell 5.3 per cent MoM to 811,000t in April 2019 while clinker production advanced 6.3 per cent YoY and 12.9 per cent MoM to 796,000t. In addition, 69,000t ...

Yura sees 7% fall in profit for the 1Q19

16 May 2019, Published under Cement News

Peru’s Yura has posted a 7.1 per cent YoY drop in profits to PEN37.6m (US$11.3m) for the first quarter of 2019, with the decrease attributed to lower sales and greater sales costs. Overall sales fell by 3.4 per cent to reach PEN222.6m. Domestic sales fell by 2.8 per cent due to lower public investment, while exports declined 41 per cent on the back of the launch of Yura production in Bolivia and lower demand in Chile. Meanwhile, the cost of sales increased 6.4 per cent to PEN125.7m due...

Pacasmayo sees net profit edge up in the 1Q19

30 April 2019, Published under Cement News

Peru-based Cementos Pacasmayo SAA reported a rise in sales volumes of cement, concrete and precast of 5.4 per cent YoY in the 1Q19 on the back of higher cement sales to the public sector. However, despite the higher sales, revenues in January-March 2019 remained level when compared with 1Q18, mainly due to high prices realised in the 1Q18. Consolidated EBITDA edged up 2.8 per cent QoQ and remained in line with the 1Q18 at PEN93.6m (US$28.3m). The cement EBITDA margin advanced by 3.3 perc...

Chile’s CBB lays out investment plan

29 April 2019, Published under Cement News

In its AGM Chilean cement producer CBB has highlighted the recent inauguration of its Arica cement plant in northern Chile and presented the company’s further investment projects. Representing an investment of US$20m, the company plans a 0.2Mt cement plant in Arequipa, Peru, with an option to expand the unit at a later date. "We are very satisfied with both projects, part of the Transforma 2021 Strategic Plan, as it allows us to strengthen our position in the markets of northern Chile and...