Cement News tagged under: Peru

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Gloria Group plans US$250-300m cement plant investment in Cusco

03 December 2012, Published under Cement News

The Gloria Group, which controls Cementos Yura and Industrias Cachimayo, plans to build a new cement plant in Cusco, southeastern Peru, to meet the demand of an expanding market in the south of the country. Vito Rodríguez Rodríguez, head of the industrial group, said the company would invest US$250-300m. He added that the firm had already acquired the land necessary but provided no further details. He also mentioned that Gloria is evaluating new investment options, including in the ar...

Peru sees cement shipments grow 16.6 per cent in Jan-Oct 2012

27 November 2012, Published under Cement News

In October, demand for cement in Peru reached 903,750t with exports adding a further 28,634t to the total delivery figure for the month. Local cement makers produced around 926,623t, according to Peru’s cement manufacturers’ association Asocem. Between January-October 2012, deliveries of cement in the Peruvian market increased 16.6 per cent, reaching a total of 7.865Mt, reported Asocem. Output increased 16.5 per cent YoY from 6.909Mt to 8.050Mt over the same period. During the fir...

Cementos Pacasmayo sales rise 17.5 per cent, Peru

01 November 2012, Published under Cement News

Cementos Pacasmayo, a leading Peruvian cement company, announced cement sales volume increased 17.5 per cent during the first nine months of 2012 compared to the same period of 2011 For the 3Q12 net income increased 56.9 per cent QoQ to PEN46.9m (US$18.1m) versus PEN29.9m in 2Q12. Consolidated EBITDA in 3Q12 increased 33.6 per cent to PEN76.4m versus PEN57.2m in 2Q12. Cementos Pacasmayo is the second largest cement producer in Brazil in terms of volumes. It operates two plants, the lar...

Keeping pace with demand

26 October 2012, Published under Cement News

Updates this week from the Latin American cement sectors of Colombia, Bolivia and Peru show buoyant market conditions prevail and some local producers are expanding capacities to capture a greater share of market growth. Colombia Earlier this week, Cementos Argos reported that it has seen a continued upward trend in its domestic market of Colombia where current economic growth forecasts, the recovery of the sovereign-grade investment and government infrastructure projects point to a po...

Unacem net profit rises, Peru

23 October 2012, Published under Cement News

Union Andina de Cementos (Unacem) – which comprises the recently merged Cementos LIma and Cementos Andino –  reported a net profit to PEN70.3m (US$27m) compared with PEN42m in the same quarter in the previous year boosted by strong sales. Total third-quarter revenue was PEN326.4m compared with PEN266.3m in the same period a year earlier. The company said that cement production in the third quarter was 986,935t, up 13.2 per cent compared with the same quarter a year earlier. Cementos ...

Latin American cement demand rises in 2Q2012

09 October 2012, Published under Cement News

Cement consumption in the second quarter in major Latin American economies closely reflected the current economic cycle and countries such as Peru, Bolivia and Chile stood out for their dynamism against a background of overall economic growth, according to the latest Infrastructure, Water & Waste Stats report by BNamericas. Peru noted a 18.3 per cent YoY rise to 2.235Mt in cement demand. For 2012, the country is expected to grow by 5.9 per cent, making it the fastest-growing economy in the ...

Peru dispatches rise 16.8%

17 September 2012, Published under Cement News

Shipments of cement in the Peruvian market totaled 6,098,738t from January to August 2012, 16.84 per cent more than the same period of 2011 (5,219,828t), the Association of Cement Producers (Asocem) has reported. During the period  cement production was 6,235,813t, representing an increase of 14.62 per cent compared with the same period of 2011, when it was 5,356,112t. As of August exports totaled 91,834t of cement, reporting an increase of 177.73 per cent over the same period of 2011,...

Peru dispatches rise 16.5%

17 August 2012, Published under Cement News

Shipments of cement in the Peruvian market totaled 5.2Mt between January and July 2012, a 16.53 per cent increase over the figure recorded in the same period in 2011 (4.48Mt), reported the Association of Cement Producers (Asocem). During the same period production was 5.3Mt, representing an increase of 15.55 per cent over the same period of 2011, when it totaled 4.6Mt. Exports reached 76,058t of cement, reporting an increase of 175.99 per cent over the same period in 2011, when they we...

Cementos Lima and Cementos Andino to merge, Peru

26 July 2012, Published under Cement News

Peruvian cement producers Cementos Lima and Cemento Andino are to merge into a single company, the company’s said in a joint statement. Shareholders from both producers on Tuesday approved plans for the merger which will create a new company under the name of Union Andina de Cementos SAA on 1 October, the statement to Peru’s securities regulator said. The companies said the merger will reduce costs while also improving liquidity, profits and financial strength. "The main objective of t...

Cementos Lima reports 8.8% drop in 2Q net income

23 July 2012, Published under Cement News

Peru’s largest cement producer Cementos Lima has reported a fall of 8.8 per cent YoY in second quarter net income to PEN53.6m (US$20.3m). Revenue for the quarter was PEN293m compared with PEN257m a year earlier.