Cement News tagged under: Peru

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Pacasmayo sees net profit edge up in the 1Q19

30 April 2019, Published under Cement News

Peru-based Cementos Pacasmayo SAA reported a rise in sales volumes of cement, concrete and precast of 5.4 per cent YoY in the 1Q19 on the back of higher cement sales to the public sector. However, despite the higher sales, revenues in January-March 2019 remained level when compared with 1Q18, mainly due to high prices realised in the 1Q18. Consolidated EBITDA edged up 2.8 per cent QoQ and remained in line with the 1Q18 at PEN93.6m (US$28.3m). The cement EBITDA margin advanced by 3.3 perc...

Chile’s CBB lays out investment plan

29 April 2019, Published under Cement News

In its AGM Chilean cement producer CBB has highlighted the recent inauguration of its Arica cement plant in northern Chile and presented the company’s further investment projects. Representing an investment of US$20m, the company plans a 0.2Mt cement plant in Arequipa, Peru, with an option to expand the unit at a later date. "We are very satisfied with both projects, part of the Transforma 2021 Strategic Plan, as it allows us to strengthen our position in the markets of northern Chile and...

Peruvian cement market expands 5% in March

17 April 2019, Published under Cement News

Peru’s cement consumption advanced 4.8 per cent to 0.931Mt in March 2019 when compared with March 2018, according to the country’s cement association, Asocem. The figure includes 105,500t of cement imports, up 116 per cent from 48,900t in March 2018. Peru also imported 32,500t of clinker, representing a 63 per cent fall YoY when compared 87,400t in the equivalent period of the previous year. Meanwhile, domestic cement production in the South American country increased 4.3 per cent YoY an...

GCCA welcomes new member companies

09 April 2019, Published under Cement News

The Global Cement and Concrete Association (GCCA) has added cement companies from India, China, Peru and Mexico to its growing global membership base which now totals 36 member companies and 15 affiliates. The new members are Corporacion Moctezuma (Mexico), Unión Andina de Cementos SAA (Peru), JSW Cement (India) and West China Cement (China). Benjamin Sporton, chief executive officer of GCCA said: "The continuing and rapid growth of the Association’s membership is very encouraging. With a ...

Peru cement market contracts 5% in February

15 March 2019, Published under Cement News

National cement consumption in Peru slipped by 4.9 per cent in February 2019 to 0.893Mt, down from 0.9Mt reported in February 2018, according to the country’s cement association, Asocem. Total cement dispatches by Asocem-related producers were up 5.3 per cent YoY, but decreased by 2.8 per cent MoM to 0.796Mt in February 2019. Of this total, 0.783Mt were delivered to domestic customers, representing a 6.4 per cent rise YoY but a 2.1 per cent drop MoM. Exports of cement were down, by 35 per ...

Peru’s cement market expands 10% in January

20 February 2019, Published under Cement News

Cement demand in Peru increased to 1.022Mt in January 2019, according to the latest figures by the country’s cement association, Asocem. This represents a YoY rise of 9.8 per cent from 0.931Mt reported in January 2018. Domestic cement dispatches edged up 0.3 per cent YoY in January 2019 to 0.8Mt but were 6.4 per cent lower than in December 2018. To meet national demand, they were supplemented by 11,000t of cement imports, which represents a 82.8 per cent decrease from the year-ago import v...

Cementos Pacasmayo revenues sees 5% rise in 4Q18

14 February 2019, Published under Cement News

Peru-based Cementos Pacasmayo reported a rise of 4.6 per cent in revenues to PEN340.7m (US$102.3m) in the fourth quarter of 2018 with sales volumes of cement, concrete and precast increasing 5.6 per cent to 656.2t as the public sector recovered. Demand from self-construction and small- and medium-sized projects also advanced. The cement EBITDA margin slipped by 5.8 percentage points to 26.6 per cent, mainly due to higher production costs and a non-cash effect generated by the provision of ...

Scotiabank forecasts 6% growth in Peru’s cement demand

04 February 2019, Published under Cement News

Cement consumption in Peru is predicted to expand by around 6.5 per cent in 2019, according to Scotiabank. The bank attributes the third-consecutive annual rise to a higher level of real estate investment. This positive evolution would be supported by increased private and public investment expected for this year, said Carlos Asmat, senior analyst of the Department of Economic Studies of the bank. "Private investment would grow partly driven by the performance of mining investment during 2...

Unacem reports 6% rise in sales but 48% drop in net profit

30 January 2019, Published under Cement News

Peru-based Unacem has reported 4Q18 sales of PEN507.8m, up 5.6 per cent when compared with sales of PEN481m in the equivalent period of the previous year. Operating profit increased by 16 per cent to PEN121.6m in the 4Q18 from PEN104.8m in the 4Q17. However, after financial expenses of PEN-101.3m, financial income of PEN3m, net exchange differences of PEN-32.7m and income tax expenses of PEN682,000, the quarter’s net profit reached PEN-10.2m. In terms of Unacemen’s dispatches, these rose by...

Cementos Bio Bio announces new plant in Peru

29 January 2019, Published under Cement News

Chile's Cementos Bio Bio has announced that it will invest approximately US$20m in the construction of a new grinding plant at the Port of Matarani in southern Peru. The plant's cement capacity is initially expected to reach 200,000tpa, however this could be doubled in a second stage of development. The project has already received the required permits and therefore, the company expects to begin construction work this year, with operations expected to begin in 2020. According to Cementos...