Cement News tagged under: Peru

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Peru's cement market expands 4% in 2018

15 January 2019, Published under Cement News

Cement consumption in Peru increased 5.8 per cent YoY to 1.02Mt in December 2018, according to the latest data from Peru’s cement association, Asocem. Cement production remained largely stable in December 2018 at 906,000t, up 0.9 per cent YoY and 0.6 per cent MoM. Clinker output rose 2.1 per cent YoY to 913,000t and 6.9 per cent MoM from 855,000t. Domestic production was supplemented by 136,800t of cement imports, up 49 per cent YoY while clinker imports edged up by three per cent to 4...

Bolivia to prohibit poor-quality cement imports

03 January 2019, Published under Cement News

The Bolivian government will verify the quality of imported cement as of the start of this year and if found to be insufficient, the consignment will not be allowed to enter the country, according to Eugenio Rojas, the country’s minister of Productive Development. “We now work to prohibit the import of poor-quality cement. The quality is shown by the drying of the product in less than 30 days, but Peruvian cement has a poorer quality, which is why works are cracked. This cannot be allowed ...

Cement consumption in Peru sees 5% rise in November

20 December 2018, Published under Cement News

Cement consumption in Peru rose by 4.8 per cent YoY in November to 1.017Mt, up from 0.971Mt in November 0217, according to the latest data from the country’s cement association, Asocem. Cement production in November remained largely stable in November at 0.901Mt when compared with the previous month and increased by one per cent YoY. Clinker output saw a 26.1 per cent rise MoM and a 9.6 per cent YoY increase to 0.855Mt in the same period. However, cement imports more than doubled to 102,...

Unacem shareholders to discuss merger with Inversiones Andino

04 December 2018, Published under Cement News

Peru-based Unacem reported that its general meeting of shareholders will evaluate the proposal between the company and the Investment and Administration Trade Union, Inversiones Andino and Inmobilaria Pronto. The cement company explained that the main objective of the merger is to consolidate in Unacem the knowledge, strategies, experiences, specialisations, rights and other assets developed and managed by the three societies that would be absorbed. It also seeks to extinguish the contract...

Peru cement market expands 3% in October

20 November 2018, Published under Cement News

Peru’s cement consumption advanced 2.9 per cent YoY to 1.02Mt, according to the country’s cement association, Asocem. Cement production by domestic producers fell by two per cent YoY and by 2.9 per cent MoM to 0.903Mt while clinker output decreased by 23.5 per cent YoY and 2.1 per cent MoM to 0.678Mt in October. Domestic production was supplemented by 90,000t of cement imports, down 71.4 per cent YoY and 82.8 per cent MoM, as well as 153,000t of clinker imports, which represents a 251.3 ...

Cementos Yura sees 30% 3Q net profit fall

07 November 2018, Published under Cement News

Peru-based Cementos Yura saw its net profit fall by 30 per cent YoY to PEN52m (US$15.4m) in the third quarter of 2018. The company has attributed the slide to a lower gross profit as the cost of sales increased 14 per cent YoY to PEN146m due to higher clinker production costs. Sales increased to PEN261m with domestic shipments up four per cent due to higher demand for the Yura and Frontera brands. Exports contracted by 35 per cent YoY in the third quarter. The loss in exports was due to th...

Unacem reports 38% rise in 3Q net profit

01 November 2018, Published under Cement News

Peruvian cement producer Unacem has reported revenues of PEN497.9m (US$147.7m) in the 3Q18, down 0.8 per cent from PEN501.8m in the 3Q17. Gross profit remained largely stable at PEN187.1m during the quarter, but operating profit rose seven per cent to PEN128.8m from PEN120.4m in 3Q17. Net profit in 3Q advanced to just under PEN49m, up 38 per cent from PEN35.5m in the year-ago period. In the first nine months of 2018, Unacem saw its revenues rise by 5.7 per cent from PEN1.382bn in 9M17 to P...

Cementos Pacasmayo net income drops 14% in 3Q18

30 October 2018, Published under Cement News

Cementos Pacasmayo saw its revenues fall by 4.4 per cent to PEN318.8m (US$95.2m) in 3Q18, mainly due to change in mix of products sold and to a slight decrease in prices. It also reported a 1.9 per cent rise in sales volumes of cement, concrete and precasts to 610,800t, mainly due to a recovery in the self-construction segment as well as increased sales to small and medium-sized projects. Net income declined 13.5 per cent YoY to PEN33.4m as operating income fell as a result of higher coa...

Peru cement demand largely stable in September

22 October 2018, Published under Cement News

Cement consumption in Peru reached 0.966Mt in September 2018, slipping by 0.3 per cent when compared with the year-ago period, according to the country’s cement association, Asocem. Cement producers dispatched some 0.958Mt in September, 0.5 per cent less than in the previous-year’s period, when 0.975Mt was delivered. Cement exports reached 20,700t, down 37 per cent YoY while clinker exports improved 44 per cent to 105,000t. Domestic output reached 0.878Mt, slightly less than the 0.897Mt i...

Unacem buys Cementos Portland for US$28m

15 October 2018, Published under Cement News

Peru-based Unacem has acquired Cementos Portland for US$28m from Cementos Bío Bío and Votorantim. Unacem, which operates 8.3Mta of production capacity at two plants at Atocongo and Condorcocha, informed the Superintendency of the Stock Market (SMV) that on 10 October, it had carried out "a transfer of 100 per cent of the shares representing the capital stock of Cementos Portland for the total price of US$28,095,802".