Cement News tagged under: Peru

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Peru: November dispatches up 3.6%

18 December 2014, Published under Cement News

Peru’s November cement dispatches remained stable MoM at 928,981t, according to Asocem, the country’s cement association. However, YoY figures show a 3.6 per cent rise. Production increased 2.8 per cent from 945,992t in October to 972,529t in November. November exports reached 26,625t of cement, up 14.6 per cent YoY, and 27,501t of clinker (from a zero base in 2013. In the January-November 2014 period, domestic deliveries increased 0.57 per cent YoY to 9,460,630t. Production expanded b...

Peru: Pacasmayo Piura to come online in July 2015

12 December 2014, Published under Cement News

Cementos Pacasmayo has invested US$190m in its new Piura plant, Peru, and civil works have been almost completed. “The new plant is a project that we have started more than two-and-a-half years ago. The works, which is built with latest-generation German technology, has a production capacity of 1.6Mta of cement and 1Mta of clinker,” said Humberto Nadal, CEO of Cementos Pacasmayo. The plant aims to be “the first plant in the country with zero emissions”, he added. The company currently...

UNACEM completes Ecuador acquisition

03 December 2014, Published under Cement News

Peruvian cement producer Union Andina de Cementos SAA (UNACEM) confirmed that it has completed the purchase of Lafarge’s cement operations in Ecuador. "We are pleased with the closing of the transaction, which represents an important step in our growth strategy,” Carlos Ugás, managing director of Unacem. The company closed the acquisition, initially announced in May this year, for approximately US$517m, according to local press reports. The deal involves the purchase of a 1.4Mta cement w...

Peru: exports offset domestic sales slip

20 November 2014, Published under Cement News

Peru’s cement market remained stable in October as domestic sales slipped slightly from 967,000t in October 2013 to 965,000t, according to Asocem, the country’s cement association. However, local producers saw a more marked YoY fall in output from 944,000t to 983,000t. The modest loss in domestic cement sales was successfully compensated for by a 50 per cent YoY rise in cement exports as cement manufacturers delivered 30,000t across the country’s borders. In addition, they also saw clinke...

Peru: Cementos Pacasmayo profits fall 17% in 3Q14

28 October 2014, Published under Cement News

Cementos Pacasmayo reported a YoY drop in net profit of 17 per cent for 3Q14 as cement dispatches fell due to the deceleration in Peru’s economy. In the July-September quarter, the company’s profit fell to PEN40.5m (US$14m) from PEN48.8m in 3Q13. Net sales fell six per cent YoY to PEN316.2m from PEN336.4m in 3Q13. Cost of sales decreased 7.3 per cent to PEN276.2m as did output, which saw a fall of 7.5 per cent to 578,000t. However, in 9M14, Cementos Pacasmayo’s profit reached PEN121.3m,...

Peru: Cementos Pacasmayo to rebound in 4Q14

22 October 2014, Published under Cement News

Peru’s Cementos Pacasmayo is expected to see a two per cent YoY drop in output volumes in 3Q14, according to investment bank JP Morgan. However, the cement producer is forecast to rebound in the 4Q14 by two per cent and recorded gains of eight and nine per cent in 2015 and 2016, respectively. The bank also has good news for Cementos Pacasmayo’s EBITDA margin as it foresees a 0.6 percentage point rise in 2015 to settle at 28.9 per cent. After a challenging nine months, the Peruvian constr...

Peru: September dispatches up 3.7%

16 October 2014, Published under Cement News

Cement dispatches in Peru rose 3.7 per cent in September to 904,840t, according to the country’s cement association, Asocem. Including exports, dispatches reached 946,762t. For 9M14, total domestic sales remained stable at 7.6Mt, edging up 0.4 per cent when compared with 9M13. Some 0.2Mt of exports were dispatched from the Latin American country in the period. Output registered a 0.81 per cent rise.

Peruvian firms tumble on concerns of slowing shipments

10 October 2014, Published under Cement News

Peruvian cement makers slumped on concerns of slowing building materials sales while the government scales back infrastructure spending. According to reports by Bloomberg, Cementos Pacasmayo SA fell one per cent yesterday, its sixth straight daily decline, to PEN4.75. Unacem, the country’s largest cement producer, lost 1.7 per cent to PEN2.9, the lowest since September 2012. In August domestic dispatches in the Peruvian cement market edged 0.75 per cent down to 908,553t when compared with...

Peru August cement sales slip 0.75% YoY

17 September 2014, Published under Cement News

In August domestic dispatches in the Peruvian cement market edged 0.75 per cent down to 908,553t when compared with the same month of 2013, according to Asocem, the country’s cement producers’ association. Cement exports reached 30,083t during the period. Production advanced 2.44 per cent to 958,712t. Sales were 0.27 per cent down to 6,698,788t in the first eight months of the year from 6,700,650t sold in 8M13. Output from Peru’s cement factories reached 6,908,979t, up 0.9 per cent YoY ...

Peru cement sales fall 3.9% in July

19 August 2014, Published under Cement News

Cement dispatches in Peru reached 845,907t in July, representing a 3.9 per cent decline YoY, according to Asocem, the country's cement producers' association. In the year to date, the latest figures reflect a 0.11 per cent increase YoY while output in domestic cement plants edged up 0.66 per cent to nearly 6Mt. Exports in the first seven months were up 0.64 per cent, surpassing the 5.8Mt mark.