Cement News tagged under: Peru

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Peruvian cement demand sees 7% October uptick

28 November 2019, Published under Cement News

Peru’s cement market expanded by 6.7 per cent YoY in October 2019 as demand reached 1.089Mt when compared with 1.021Mt reported in October 2018, according to the latest data published by the country’s cement association, Asocem. National dispatches increased 6.5 per cent to 1.077Mt from 1.012Mt in October 2018. Cement exports in October 2019 fell 21.9 per cent YoY but rose 9.6 per cent MoM to 16,000t while clinker exports increased 46.9 per cent YoY and 51.3 per cent MoM to 50,000t. Impor...

Peru's cement demand expected to surpass 12Mt in 2020

22 November 2019, Published under Cement News

Peruvian cement demand is forecast to reach 12Mt in 2020, according to Scotiabank. This follows an expected market expansion of five per cent this year on the back of higher private investment, mainly driven by the mining sector. The projection takes into account an increase in public investment by five per cent. In addition, the bank expects private non-mining investment to maintain a similar level as this year. It predicts more dynamism in the retail sector, real estate (with higher sal...

Cementos Pacasmayo sees 20% rise in revenue

24 October 2019, Published under Cement News

Peru’s Cementos Pacasmayo has seen a 20.2 per cent YoY rise in revenue for the third quarter of 2019, on the back of a 17.6 per cent increase in the sales volume of cement, concrete and precast. Consolidated EBITDA was up 9.9 per cent to PEN111.5m (US$33.3m), while the cement EBITDA margin fell 2.8 per cent to 29.1 per cent. Net income advanced 20.4 per cent YoY to PEN40.2m in the 3Q19.  9M19 As a result of an 11.8 per cent rise in sales for cement, concrete and precast, revenues for th...

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...