Cement News tagged under: Peru
Peru’s cement market contracts by 10% in August18 September 2023, Published under Cement NewsCement dispatches in Peru declined by 10 per cent YoY to 1.089Mt in August 2023 from1.211Mt in August 2022, according to the country’s cement association, ASOCEM. Of this total, ASOCEM members supplied 1.015Mt, down from 1.167Mt in August 2022. Non-members dispatched 74,000t, up from 44,000t in August 2022. However, when compared with July 2023, dispatches were up six per cent. Cement production in member plants was down 12 per cent YoY to 1.011Mt in August 2023 from 1.145Mt in the year-ag... |
UNACEM to acquire Tehachapi plant25 August 2023, Published under Cement NewsPeru-based Grupo UNACEM is buying the 0.9Mta Tehachapi cement plant in California, USA, from Martin Marietta Materials Inc for US$317m. "The acquisition of Tehachapi represents an opportunity to strengthen our presence in the Southwest US market," said Pedro Lerner, CEO of Grupo UNACEM. "If this transaction is approved, the United States would become the second country in terms of installed capacity for the UNACEM Group and also as a generator of revenues and EBITDA, after Peru. It is a... |
Yura to enable lime production at Arequipa plant23 August 2023, Published under Cement NewsPeru-based Cemento Yura , owned by Grupo Gloria , plans to enable its No 2 kiln at its Arequipa plant to produce 400tpd of lime, according to ProActivo. The modifications to the plant are expected to cost PEN4.7m. “The project will make the operation of the Kiln 2 production line more flexible, so that, with minimal changes and depending on the needs of the mining industry, it will be able to produce clinker or lime from limestone as raw material” Yura explained. The change to the line ... |
Unacem sees 9% advance in 2Q revenues21 August 2023, Published under Cement NewsPeruvian Unacem Group saw a nine per cent increase in its 2Q revenues to PEN1559m (US$419.8m) in the 2Q23. The advance was attributed mainly to the incorporation of thermo-electric company Termochilca last May. In the core cement and ready-mix concrete businesses, sales volumes in Peru and Chile fell with sales in Peru, down 13.2 per cent YoY. "The incorporation of Termochilca and higher sales prices in all units helped to offset the sharp drop in cement dispatches in Peru, which was af... |
Peru's cement market contracts 7% in July16 August 2023, Published under Cement NewsPeruvian cement dispatches fell by 6.5 per cent to 1.013Mt in July 2023 when compared with July 2022 when dispatches stood at 1.084Mt, according to the country’s cement association, ASOCEM. Of this total 0.958Mt was delivered by ASOCEM members, with 0.055Mt supplied by non-members. Domestic cement output was down 8.9 per cent YoY to 0.985Mt in July 2023 from 1.081Mt. Clinker production fell by 34.2 per cent YoY to 0.624Mt in July 2023 from 0.949Mt. When compared with July 2022, cement ex... |
Cementos Pacasmayo sees 9% drop in 2Q net profit24 July 2023, Published under Cement NewsPeru-based Cementos Pacasmayo reported a 12.1 per cent YoY drop in revenues to PEN442m (US$123.4m) in the second quarter of 2023, due to a drop in demand, which was affected by severe rainfall due to cyclone Yaku and a stagnation in public investment as a result of new regional authorities. Sales volumes of cement, concrete and precast fell by 17.9 per cent YoY. The company achieved consolidated EBITDA of PEN112.7m, down 6.5 per cent YoY, due to reduced revenues. However, it saw a consol... |
Cementos Inka opens Pisco plant10 July 2023, Published under Cement NewsCementos Inka has opened its second plant in Pisco , Peru. The plant strengthens the company’s position to compete in the central and southern part of the country. Christian Pfeiffer supplied its latest grinding technology to the new Pisco plant. In the last 12 months, to May 2023, the national cement dispatch fell seven per cent to 12.7Mt compared to the previous period (June 2021 – May 2022), according to the Association of Cement Producers (Asocem), due to the slowdown self-construc... |
UNACEM Peru sees 20% uptick in sales and record production in 202206 July 2023, Published under Cement NewsPeru-based UNACEM saw its net cement sales increase by 19.7 per cent YoY to PEN2655m in 2022, according to its 2022 integrated report. Total sales reached PEN2835m. EBITDA reached PEN882.3m, up 16.9 per cent YoY when adjusted for other income and costs, while net profit stood at PEN421.5m, up 6.6 per cent YoY. Dispatches increased to 6.666Mt in 2022. Bagged cement dispatches accounted for 68.9 per cent of its sales while bulk cement took a 31.1 per cent share. In addition, the company br... |
Progress for Peru?03 July 2023, Published under Cement NewsFollowing a market contraction in 2020, Peru’s cement producers have seen domestic cement demand recover, making significant gains, even when compared to pre-pandemic levels. Company performance remains solid despite higher input costs, and driving the industry towards further optimisation initiatives. By ASOCEM, Peru. Peru’s construction sector expects to see a recovery in 2023, followed by expansion in 2024 as the country leaves its economic, political and social challenges behin... |
Peru’s cement market contracts 12% in May23 June 2023, Published under Cement NewsPeruvian cement consumption declined by 12 per cent YoY to 0.971Mt in May 2023, according to the country’s cement association, ASOCEM. Production by domestic cement producers fell 14 per cent YoY to 0.928Mt while clinker production was down seven per cent to 0.803Mt. Cement exports declined by 22 per cent YoY to 14,000t in May 2023. from 18,000t in May 2022 while clinker exports increased two per cent YoY to 36,000t from 35,000t over the period. In May 2023, cement imports reached 44,00... |