Cement News tagged under: Peru
Funding boost for Peruvian construction sector08 April 2024, Published under Cement NewsInternational Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) have provided the final tranche of a US$400m financing package to global finance group BBVA in Peru with the objective to promote sustainable construction and energy efficiency projects in the country. The first part of the financing, carried out in June 2023 by IFC, was for US$150m. The financing package from IFC and JICA will allow BBVA to strengthen its loan portfolio for sustainable constr... |
Peru's cement market contracts 2% in February21 March 2024, Published under Cement NewsPeruvian cement dispatches slipped by two per cent YoY to 0.89Mt in February 2024 when compared with the previous year’s equivalent period, said the country’s cement association, ASOCEM. Of this total, the association’s members supplied 0.815Mt, down from 0.856Mt in February 2023. Cement production in Peru fell five per cent YoY to 0.818Mt in February 2023 while clinker output was down 17 per cent YoY to 0.633Mt in the same period. Domestic production was supplemented by 4000t of cement,... |
Unacem reports 7% revenue increase in 202313 March 2024, Published under Cement NewsPeru-based cement producer Unacem has reported revenue of PEN6.38bn (US$1.73bn) in 2023, marking a 6.6 per cent increase YoY, despite the country’s declining construction sector. Net profit over the same period contracted by 22.1 per cent to PEN514m, while the EBITDA margin fell from 26.3 per cent in 2022 to 23.4 per cent the following year, according to BNAmericas. In the fourth quarter of 2023, the company's global revenue came in at PEN1.66bn, up from PEN1.6bn in the same period a y... |
Peruvian market expands 9% in January19 February 2024, Published under Cement NewsCement dispatches in Peru increased nine per cent to 1.016Mt in January 2024 when compared with 0.928Mt in January 2023, according to the Peruvian cement association, ASOCEM. Of this total, 0.938Mt was supplied by ASOCEM members. Cement production slipped one per cent YoY to 0.924Mt in January 2024 from 0.931Mt. Clinker production was down 12 per cent YoY to 0.857Mt in January from 0.969Mt. Cement exports fell by 31 per cent YoY to 10,000t in January 2024 from 15,000t while clinker expor... |
Peru's cement market contracts 12% in December19 January 2024, Published under Cement NewsNational dispatches in Peru fell by 12 per cent YoY to 0.958Mt in December 2023, according to the country's cement association, Asocem. Of this total, 0.885Mt were dispatched by Asocem members. Domestic cement production declined by 15 per cent to 0.928Mt in December 2023 from 1.087Mt in December 2022. Clinker production saw a three per cent YoY pick-up to 0.94Mt from 0.913Mt over the same period. Cement exports dropped by 51 per cent YoY to 8000t in December 2023 from 16,000t in the yea... |
Peru’s cement dispatches fall by 9% in November21 December 2023, Published under Cement NewsCement dispatches in Peru declined by nine per cent YoY to 1.063Mt in November 2023 from 1.166Mt in November 2022, according to the country’s cement association, ASOCEM. Of this total, its members dispatched 0.981Mt, down 12 per cent YoY from 1.119Mt. Domestic cement production fell by 11 per cent to 0.988Mt in November 2023 from 1.114Mt in the equivalent month of 2022. Clinker output was down by nine per cent YoY to 0.843Mt from 0.922Mt in November 2022. Cement exports slipped by six per... |
Cement dispatches in Peru contract 9% in October16 November 2023, Published under Cement NewsCement dispatches in Peru declined by nine per cent YoY to 1.082Mt in October 2023 from 1.189Mt in October 2022, according to Asocem, the country's cement association. Of this total, Asocem members dispatched 1.004Mt, representing a 13 per cent decrease when compared with October 2022. Cement production from domestic cement plants was down 12.6 per cent to 1.023Mt from 1.171Mt. Clinker production fell 13.8 per cent to 0.777Mt when compared with 0.901Mt in the previous-year period. Cement e... |
Cementos Pacasmayo reports 3% EBITDA gain in 3Q2327 October 2023, Published under Cement NewsPeru-based Cementos Pacasmayo has reported a revenue of PEN516.7m in the third quarter of 2023, a 6.7 per cent decline when compared with the 3Q22. Dispatch volumes of cement, concrete and prefabricated products fell by 11.5 per cent YoY. “A contraction in demand was observed due to the stagnation of the execution of public investment, a contraction in the self-construction segment and a slowdown in private investment,” said a report from financial broker Kallpa SAB. Consolidated EBITDA... |
Unacem reports 12% fall in sales in 9M2325 October 2023, Published under Cement NewsPeru-based cement producer Unacem has reported an 11.6 per cent drop in cement production to 4.38Mt in the opening nine months of 2023. Clinker production over the same period declined 7.5 per cent to 4.3Mt. Cement sales over the 9M23 also contracted, down 11.7 per cent to 4.38Mt YoY, with a 13.8 per cent YoY contraction seen in the 3Q23. However, this did mark a 6.2 per cent increase compared to the previous quarter. Unacem’s revenue over the 9M23 came in at PEN2.04bn (US$526m), down s... |
Peruvian cement demand down 12% in September19 October 2023, Published under Cement NewsThe Peruvian cement market contracted by 12 per cent to 1.063Mt in September 2023 from 1.21Mt in September 2022, according to the national cement association, ASOCEM. Of this total, 0.995Mt were supplied by ASOCEM members. Cement production fell by 16 per cent to 0.996Mt in September 2023 when compared with 1.19Mt in September 2022. Clinker production slipped by two per cent YoY to 0.818Mt in September 2023 from 0.831Mt. Cement exports were down 19 per cent to 12,000t in September 2023 f... |