Cement News tagged under: Peru

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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 ...

Peru’s demand falls 1.9% in September

16 October 2015, Published under Cement News

Cement dispatches in Peru slipped 1.9 per cent in September to 0.887Mt from 0.905Mt in September 2014, according to Asocem, the country’s cement association. Exports declined by 13.9 per cent to 26,000t in September. Cement production increased 4.6 per cent YoY to 0.958Mt as the new plant of Cementos Pacasmayo, located in Piura, came on-stream. However, Asocem said: “The September production [figure] includes several tests at the new plant and therefore the strong rise in output is an anom...

Peru: demand slips 3.8 per cent YoY in August

18 September 2015, Published under Cement News

Peru’s cement market continues to contract as domestic dispatches fell 3.8 per cent YoY in August, according to Asocem, the country’s cement association. Output fell by 6.6 per cent when compared with August 2014. For the year to date, domestic demand decreased 4.4 per cent YoY while total dispatches (including exports) saw a 3.7 decline. "The cement market continues to decline on an annualised basis from September 2014 to August 2015, however, growth is observed every month, from April t...

Cementos Pacasmayo begins commercial operations at Piura plant

18 September 2015, Published under Cement News

Cementos Pacasmayo SAA, a leading Peruvian supplier of cement and construction materials, announced today that it has begun commercial production from its new cutting-edge Piura facility. The first ton of cement from the Piura facility was produced and shipped today.  Final clinker and cement capacity will be 1Mta and 1.6Mta, respectively. "I am delighted to announce the beginning of commercial operations at the Piura plant, an important milestone for Cementos Pacasmayo and the Peruvian c...

Peru: Volcan mulls sale of Polpaico shares

08 September 2015, Published under Cement News

Peruvian mining firm Volcan could sell its share in Chilean cement company Polpaico if metal prices continue falling, according to the firm's CFO Jorge Murillo. Volcan could receive around USD 27mn (EUR 24.22m) for its share, of around 20 per cent, in the business. Holcim owns 54.3 per cent of Polpaico.

Peru: cement sales decline 5.2% in July

17 August 2015, Published under Cement News

Peru’s cement market contracted 5.2 per cent in July, according to Asocem, the country’s cement producers’ organisation. Deliveries fell from 846,000t in July 2013 to 802,000t in 2014. Total dispatches, which includes exports, decreased by 5.5 per cent YoY from 870,000t to 822,000t over the same period. The association attributes the fall in domestic sales to lower public investment as well as a weak private investment. "Public investment continues to decline. National government spending...

Peru cement market contracts 3% in June

27 July 2015, Published under Cement News

Cement consumption in Peru fell by three per cent in June, according to the country’s cement producers’ association, Asocem. A rise in exports limited the decline in total cement sales to 2.6 per cent. Output from domestic cement plants decreased by 6.2 per cent. The lower domestic sales were attributed to a slowdown in public investment, particularly in northern and southern Peru. "The conditions have not been favourable for the first half of 2015, but the second half is promising. The o...