Cement News tagged under: Peru

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Peru: Pacasmayo 4Q15 boosted by public sector demand, new Piura facility

17 February 2016, Published under Cement News

Peru-based Cementos Pacasmayo saw a nine per cent in fourth-quarter volumes which benefitted from the anticipated increase in demand from the public sector, the company said in a statement yesterday. Crucially, supplies were supported by its new Piura facility which improved Pacasmayo's competitive position in the northern region of the country, it added. Fourth-quarter revenues rose by 8.7 per cent and EBITDA up more than 10 per cent, excluding the impact of extraordinary non-operating i...

Peru’s cement demand edges down in January

16 February 2016, Published under Cement News

Cement consumption in Peru slipped by 0.4 per cent YoY from 816,000t in January 2015 to 813,000t in January 2016, according to the country’s cement association, Asocem. In addition, clinker exports reached 28,000t, down 69 per cent, while cement exports fell by 29 per cent to 29,000t during the first month of 2016. On the supply side, production increased 0.1 per cent from 857,000t to 858,000t. Cement imports totalled 50,000t, up 13 per cent YoY, while 44,000t clinker was also imported....

Peru cement demand slips 3.5% in 2015

18 January 2016, Published under Cement News

Peru’s cement dispatches remained stable in December 2015 as they reached 881,000t while total dispatches edged up one per cent to 928,000t, according to Asocem, the country’s cement producers’ association. Output fell by 0.2 per cent YoY to 931,000t.  Full-year figures show domestic cement deliveries down by 3.5 per cent to 9.978Mt while total sales were down by three per cent to 10.332Mt. Per capita consumption fell 4.3 per cent YoY in 2015 to 352kg. Production slipped by 2.5 per cent t...

Fitch Affirms Cementos Pacasmayo at 'BBB-'; Outlook Stable

12 January 2016, Published under Cement News

Fitch Ratings has affirmed the ratings of Peruvian producer Cementos Pacasmayo at 'BBB-'. The Rating Outlook remains Stable. The ratings reflect the company's solid business position as the only cement producer in Peru's northern region. This position has resulted in high margins, low leverage and solid liquidity. The small size of the cement market in the north, as well as the logistical challenges found in this region, has limited the impact of imports and the probability a global compa...

Peruvian cement companies plan investments in 2016

05 January 2016, Published under Cement News

Cement companies operating in Peru aim to continue with large investments in 2016 despite the recent announcement by the country's cement association, Asocem, of low growth in cement consumption during 2015. Asocem recorded that the domestic industry saw cement consumption advance by just three per cent last year, however, this is not deterring cement producers to bring new investment into its plants. Cementos Pacasmayo is set to begin its Fosfatos del Pacifico project costing some US$8...

Peru's cement market contracts 4.8% in November

16 December 2015, Published under Cement News

Cement dispatches in Peru fell 4.8 per cent YoY in November 2015, according to Asocem, the country’s cement association. Some 0.884Mt of cement was sold, down from 0.929Mt in November 2014. Total sales saw a 3.4 per cent drop to 0.923Mt. Output fell five per cent YoY from 0.973Mt to 0.924Mt in November 2015.

Peru: Soboce approves BOB487.2m to continue growth

23 November 2015, Published under Cement News

An extraordinary shareholders meeting of Sociedad Boliviana de Cemento (Soboce) has approved to reinvest BOB487.2m (US$790.9m) and raise its paid-up capital to continue its investment plans and growth in the domestic market. As a result, Soboce’s paid-up capital will more than triple from BOB196.6m to BOB683.8m. The company’s net profit in the year ended June 2015 reached BOB141.4m, representing a 13.5 per cent fall YoY.

Peru: market shows signs of monthly pick-up

17 November 2015, Published under Cement News

The Peruvian cement market continues to show signs of recovery as market contraction is decelerating in October, according to Asocem, Peru’s cement producers’ association. Domestic sales fell 0.5 per cent YoY to 923,000t from 928,000t in October 2015 while the decrease in October 2014 was one per cent. Exports fell from 30,000t to 26,000t. On the supply side, output from the country's cement plants rose 1.7 per cent from 946,000t to 962,000t when compared to October 2014. “The cement ...

Cementos Pacasmayo EBITDA up 14.4 %

30 October 2015, Published under Cement News

Peru-based Cementos Pacasmayo's consolidated EBITDA in the 3Q15 increased 14.4 per cent to PEN99.6m (US$30.3m) in 3Q15 from PEN87.1m in 3Q14, giving an EBITDA margin of 31.8 per cent versus 27.5 per cent in 3Q14. Revenues fell one per cent from 3Q14. Net income increased 36.5 per cent to PEN55.3m in 3Q15 from PEN40.5m in 3Q14. During the third quarter, the company's Piura cement plant began cement production on time and under budget. The final stage of ramp-up is on track, Pacasmayo added....

Peru: Unacem nine-month net income up 16.2%

28 October 2015, Published under Cement News

Peru's largest cement producer Unacem boosted net income by 16.2 per cent over the nine months to the end of September 2015 due to higher prices and lower costs. Unacem posted a PEN176m (US$55m) profit as sales rose 5.5 per cent to PEN1.37bn in the first three quarters of this year, the Lima-based company said in a corporate filing to securities regulator SMV. The company said it cut operating costs by 5.7 per cent and sales costs by 0.6 per cent. Cement production rose 6.4 per cent to ...