Cement News tagged under: Peru

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Peruvian market expands 7% in September

16 October 2019, Published under Cement News

Peru’s cement consumption increased 6.5 per cent to 1.035Mt in September 2019 when compared with September 2018, according to Asocem, the country’s cement association. This included 1.02Mt supplied by domestic producers. Cement production increased 7.4 per cent to 943,000t when compared with September 2018 and 0.8 per cent MoM. Clinker output rose 18.4 per cent YoY and 0.2 per cent MoM to 820,000t. In terms of external trade, cement exports declined 29.1 per cent YoY to 14,700t in Septem...

Cement consumption in Peru expands 6% in August

18 September 2019, Published under Cement News

Demand for cement in Peru has increased 6.3 per cent YoY to 1.052Mt in August 2019 when compared with 0.989Mt in the year-ago period, according to the country’s cement association, Asocem. Domestic dispatches advanced 6.4 per cent to 1.043Mt in August, up from 0.981Mt in August 2018 and 0.982Mt in July 2019. Output from Peru’s cement plants was up 7.5 per cent to 0.965Mt in August from 0.897Mt in the previous-year’s period. In terms of external trade, the country imported 48,300t of cem...

Unacem 2Q net profit doubles to PEN97m

22 August 2019, Published under Cement News

Consolidated revenues of Peru-based Unacem increased 8.3 per cent YoY to PEN1.041bn (US$308.3m) in the second quarter of 2019 as a result of higher cement and ready-mix volume sales in Peru, higher prices in the USA, increased energy generation and the incorporation of seven newly-acquired ready-mix sites in Chile, said the company. Consolidated EBITDA in the 2Q19 advanced 4.4 per cent PEN302m when compared with the 2Q18 while the second-quarter EBITDA margin slipped to 29 per cent from 30...

Peruvian cement market expands 9% in July

20 August 2019, Published under Cement News

Peru’s cement consumption increased 9.1 per cent YoY to 983,000t in July 2019 when compared with the previous-year’s equivalent month, which saw demand at 901,000t, according to the country’s cement association, Asocem. Output from Asocem members edged up by 4.9 per cent to 858,000t in July 2019 when compared with an output of 818,000t in July 2018. Domestic supply was supplemented by 52,100t of cement, down 35 per cent YoY from 80,600t in July 2018 while clinker imports disappeared from ...

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...