Cement News tagged under: Peru
Peru’s consumption stable in May19 June 2018, Published under Cement NewsPeru’s cement market remained largely stable in May with consumption edging up by 0.6 per cent YoY to 0.778Mt and by 2.5 per cent from 0.759Mt the previous month, according to the latest data by Asocem, the country’s cement association. Peru’s cement production rose 3.4 per cent YoY and four per cent MoM to 0.807Mt in April. Clinker production fell 15.1 per cent to 0.636Mt when compared with April 2018, when output volumes stood at 0.749Mt. However, when compared with May 2017, clinker out... |
Unacem’s profit down 53% in 1Q1817 May 2018, Published under Cement NewsPeruvian cement producer Unacem reported a 53 per cent fall in net profit to PEN157m in the first quarter of 2018. Unacem’s domestic dispatches decreased 0.6 per cent YoY to 1.199Mt. However, revenues increased by 1.1 per cent YoY due to a higher price realisation. Cost of sales went up 2.2 per cent when compared with 1Q17 as a result of higher maintenance costs, lowering the gross margin to 41 per cent in 1Q18 from 43 per cent in 1Q17. The company’s EBITDA expanded by 15 per cent... |
Peru's cement demand up 14% in April16 May 2018, Published under Cement NewsPeru’s cement market expanded by 13.5 per cent YoY in April 2018 as cement deliveries reached 0.817Mt, according to the latest data from the country’s cement association, Asocem. When compared with the previous month when 0.816Mt was dispatched, a more stable picture emerges. Deliveries by domestic producers rose by 8.6 per cent YoY in April 2018 as they reached 0.759Mt. However, when compared with the previous month, such dispatches slipped one per cent from 0.767Mt. Domestic supply w... |
Cementos Pacasmayo announces 13% revenue increase in 1Q1825 April 2018, Published under Cement NewsCementos Pacasmayo SAA has announced a 12.8 per cent YoY increase in revenue in the first quarter of the year, rising to PEN315.3m (US$97.58m) from PEN279.5m. The positive result has been partially attributed to a 7.8 per cent increase in sales volume of cement, concrete and blocks. The company also recorded a 37.3 per cent surge in net income to PEN29.8m. Cement EBITDA advanced 13 per cent to PEN94.7m, while the EBITDA margin of the sector remained consistent at 30 per cent. “Pacasmayo... |
The Peruvian cement market expanded 2% in March20 April 2018, Published under Cement NewsPeru’s cement consumption rose 1.9 per cent YoY to 816,000t and one per cent MoM from 824,000t in February 2018, according to the national cement association, Asocem. Cement producers delivered a total of 791,000t of cement to the domestic and export markets, up two per cent YoY and 4.7 per cent MoM. In February total dispatches reached 756,000t. Domestic deliveries rose 2.6 per cent YoY to 767,000t and 4.3 per cent MoM from 735,000t in February 2018. Cement production in March increa... |
Unacem acquires seven Chilean concrete plants29 March 2018, Published under Cement NewsPeruvian cement producer Unacem has purchased, via its Unión de Concreteras (Unicon) subsidiary, a 100 per cent stake in Hormigones Independencia, part of the Chilean Hurtado Vicuña group. The US$22.2m transaction, paid for by own funds and a bank loan, covers seven concrete plants located throughout Chile, in La Serena, Rancagua, San Felipe, Concón, Quilicura, San Fernando y Chillán. The acquisition is the second by Unicon in less than a year. In July 2017, the company bought Ecuado... |
Peru sees February consumption edge up19 March 2018, Published under Cement NewsCement demand in Peru increased by 1.4 per cent YoY in February 2018 to 0.824Mt from 0.812Mt, according to the latest data by Asocem, the country’s cement association. When compared with January 2018, the decline is 1.4 per cent from 0.861Mt. Cement sales by domestic producers in Peru slipped 0.2 per cent YoY to 0.735Mt in February 2018. When compared with the previous month, the decline was 7.8 per cent from 0.798Mt. Cement production in February 2018 fell to 0.717Mt from 0.802Mt in J... |
Peru's Invercem plans expansion05 March 2018, Published under Cement NewsPeruvian cement producer Inversiones en Cemento (Invercem) plans the construction of cement plants in Pisco and Ayacucho, according to its founder Victor de La Torre. The new works in Pisco will have a capacity of 0.22Mta while the Ayacucho facility will have an output potential of 0.45Mta The firm will invest US$18m into a 0.22Mta cement plant in Trujillo, where it currently operates a packing plant. At present it imports cement from China-based Anhui Conch Cement Co, selling it under th... |
Peru's cement market expands 5% in January26 February 2018, Published under Cement NewsPeru's cement consumption expanded five per cent to 0.861Mt in January 2018 when compared with the previous year, but fell eight per cent MoM, according to the country’s cement association, Asocem. Per capita cement consumption in the Latin American country slipped 0.1 per cent YoY to 321kg but edged up 0.3 per cent when compared with December 2017, when it stood at 319kg. Peruvian cement producers increased their domestic dispatches by 3.9 per cent YoY to 0.798Mt from 0.767Mt while to... |
Cementos Pacasmayo records sales volume increase in 4Q1713 February 2018, Published under Cement NewsPeru's Cementos Pacasmayo has announced its consolidated results for the fourth quarter and full-year period ended 31 December 2017. The sales volume of cement, concrete and blocks increased 7.3 per cent YoY in the 4Q17, attributed to growth in the self-construction market and an uptick in public sector spending. Cement EBITDA rose 13.9 per cent to PEN105.5m (US$32.2m), while the EBITDA margin of the sector expanded to 32 per cent. Consolidated EBITDA fell 35.7 per cent due to a write-off... |