Cement News tagged under: Peru

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Cementos Bío Bío sells Peruvian subsidiary

11 October 2018, Published under Cement News

Chile’s Cementos Bío Bío has sold its Peruvian subsidiary, Cementos Portland, in a transaction valued close to US$14m, according to La Tercera. The departure means that it will no longer be participating in a project with Brazil’s Votorantim Cimentos to construct a plant in Lima, which has reportedly faced a number of difficulties concerning market rivals. A further two projects that the company had planned in Peru, one concerning cement and the other lime, will remain unfulfilled after th...

Peru’s cement demand remains stable in August

26 September 2018, Published under Cement News

Cement dispatches by Asocem members remained largely stable in August 2018 at 865,000t when compared with the year-ago period, according to the country’s cement association, Asocem. However, they advanced 9.4 per cent when compared with July 2018 when 790,000t was sold in the domestic market. When all domestic cement producers are included, national dispatches reach 975,000t, down 0.5 per cent YoY. Domestic supply was complemented by cement imports, which surged by 60 per cent YoY to 70,00...

Unacem seeks loans of up to US$490m

25 September 2018, Published under Cement News

Union Andina de Cementos SAA (UNACEM) plans to start talks with banks for up to US$490m in loans to refinance existing US$-denominated debt and other corporate purposes. The company is seeking US$50m from Citibank, US$45m from Banco Santander and local currency credit facilities for up to US$100m from Banco de Credito del Peru and Scotia Bank Peru, the Peruvian cement producer said in a recent stock exchange announcement. UNACEM posted a YoY flat consolidated EBITDA of PEN290m (US$87.5m)...

Peru cement demand at 0.871Mt in July

03 September 2018, Published under Cement News

Peru’s cement plants supplied 790,000t of cement to the domestic market in July 2018, up 1.8 per cent YoY and four per cent MoM, according to the country’s cement association, Asocem. Domestic deliveries were supplemented by 80,600t of imports, down from 106,000t reported in the previous month. In addition, 50,000t of clinker was imported. The latest data result in a total cement consumption in Peru at 870,600t in July. Peruvian cement producers decreased their output by 1.2 per cent YoY ...

Cementos Pacasmayo sees 10% rise in 2Q18 net income

23 July 2018, Published under Cement News

Peru’s Cementos Pacasmayo saw its revenues rise 2.3 per cent YoY to PEN287.5m (US$87.8m) in 2Q18 as sales volumes of cement, concrete and precasts advanced 1.9 per cent YoY to 0.534Mt on the back of higher sales to medium-sized companies and the public sector. Consolidated EBITDA reached PEN84.7m, up 9.7 per cent YoY in 2Q18 while the cement EBITDA margin increased by 2.5 percentage points to 30.3 per cent, mainly due to improved operational efficiencies. Net income increased 10.3 per...

Cement consumption in Peru up 6% in June

17 July 2018, Published under Cement News

Peru’s cement market expanded by 5.7 per cent YoY to 0.865Mt in June 2018 and when compared with the previous month, largely stable, according to the latest data from Asocem, the country’s cement association. Of this total, national deliveries fell by 2.1 per cent YoY to 0.76Mt while imports advanced 147.5 per cent YoY to 0.106Mt. Cement production slipped by 2.5 per cent YoY to 0.79Mt in June 2018 from 0.807Mt in June 2017 while clinker output rose 45.7 per cent from 0.726Mt in June 2017...

Will Peru's market pick-up persist?

25 June 2018, Published under Cement News

The Peruvian cement market continues to return an improved performance when compared with last year, according to the latest data published by Asocem, the country’s cement association. Between January and May 2018, domestic demand increased by three per cent YoY to 3.837Mt as Peru rebuilds its damaged infrastructure following El Niño. The advancing market conditions are welcome news for the country’s cement producers as the second quarter of 2018 appears to provide more sustained growth af...

Peru’s consumption stable in May

19 June 2018, Published under Cement News

Peru’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 1Q18

17 May 2018, Published under Cement News

Peruvian 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 April

16 May 2018, Published under Cement News

Peru’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...