Cement News tagged under: Peru
Peru’s judicial power ratifies fines for Unacem29 May 2019, Published under Cement NewsPeruvian 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 April16 May 2019, Published under Cement NewsCement 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 1Q1916 May 2019, Published under Cement NewsPeru’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 1Q1930 April 2019, Published under Cement NewsPeru-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 plan29 April 2019, Published under Cement NewsIn 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... |
Peruvian cement market expands 5% in March17 April 2019, Published under Cement NewsPeru’s cement consumption advanced 4.8 per cent to 0.931Mt in March 2019 when compared with March 2018, according to the country’s cement association, Asocem. The figure includes 105,500t of cement imports, up 116 per cent from 48,900t in March 2018. Peru also imported 32,500t of clinker, representing a 63 per cent fall YoY when compared 87,400t in the equivalent period of the previous year. Meanwhile, domestic cement production in the South American country increased 4.3 per cent YoY an... |
GCCA welcomes new member companies09 April 2019, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) has added cement companies from India, China, Peru and Mexico to its growing global membership base which now totals 36 member companies and 15 affiliates. The new members are Corporacion Moctezuma (Mexico), Unión Andina de Cementos SAA (Peru), JSW Cement (India) and West China Cement (China). Benjamin Sporton, chief executive officer of GCCA said: "The continuing and rapid growth of the Association’s membership is very encouraging. With a ... |
Peru cement market contracts 5% in February15 March 2019, Published under Cement NewsNational cement consumption in Peru slipped by 4.9 per cent in February 2019 to 0.893Mt, down from 0.9Mt reported in February 2018, according to the country’s cement association, Asocem. Total cement dispatches by Asocem-related producers were up 5.3 per cent YoY, but decreased by 2.8 per cent MoM to 0.796Mt in February 2019. Of this total, 0.783Mt were delivered to domestic customers, representing a 6.4 per cent rise YoY but a 2.1 per cent drop MoM. Exports of cement were down, by 35 per ... |
Peru’s cement market expands 10% in January20 February 2019, Published under Cement NewsCement demand in Peru increased to 1.022Mt in January 2019, according to the latest figures by the country’s cement association, Asocem. This represents a YoY rise of 9.8 per cent from 0.931Mt reported in January 2018. Domestic cement dispatches edged up 0.3 per cent YoY in January 2019 to 0.8Mt but were 6.4 per cent lower than in December 2018. To meet national demand, they were supplemented by 11,000t of cement imports, which represents a 82.8 per cent decrease from the year-ago import v... |
Cementos Pacasmayo revenues sees 5% rise in 4Q1814 February 2019, Published under Cement NewsPeru-based Cementos Pacasmayo reported a rise of 4.6 per cent in revenues to PEN340.7m (US$102.3m) in the fourth quarter of 2018 with sales volumes of cement, concrete and precast increasing 5.6 per cent to 656.2t as the public sector recovered. Demand from self-construction and small- and medium-sized projects also advanced. The cement EBITDA margin slipped by 5.8 percentage points to 26.6 per cent, mainly due to higher production costs and a non-cash effect generated by the provision of ... |