Cement News tagged under: Peru

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Cementos Pacasmayo announces 13% revenue increase in 1Q18

25 April 2018, Published under Cement News

Cementos Pacasmayo SAA has announced a 12.8 per cent YoY increase in revenue in the first quarter of the year, rising to PEN315.3m (US$97.58m) from PEN279.5m. The positive result has been partially attributed to a 7.8 per cent increase in sales volume of cement, concrete and blocks. The company also recorded a 37.3 per cent surge in net income to PEN29.8m. Cement EBITDA advanced 13 per cent to PEN94.7m, while the EBITDA margin of the sector remained consistent at 30 per cent.  “Pacasmayo...

The Peruvian cement market expanded 2% in March

20 April 2018, Published under Cement News

Peru’s cement consumption rose 1.9 per cent YoY to 816,000t and one per cent MoM from 824,000t in February 2018, according to the national cement association, Asocem. Cement producers delivered a total of 791,000t of cement to the domestic and export markets, up two per cent YoY and 4.7 per cent MoM. In February total dispatches reached 756,000t. Domestic deliveries rose 2.6 per cent YoY to 767,000t and 4.3 per cent MoM from 735,000t in February 2018. Cement production in March increa...

Unacem acquires seven Chilean concrete plants

29 March 2018, Published under Cement News

Peruvian cement producer Unacem has purchased, via its Unión de Concreteras (Unicon) subsidiary, a 100 per cent stake in Hormigones Independencia, part of the Chilean Hurtado Vicuña group. The US$22.2m transaction, paid for by own funds and a bank loan, covers seven concrete plants located throughout Chile, in La Serena, Rancagua, San Felipe, Concón, Quilicura, San Fernando y Chillán. The acquisition is the second by Unicon in less than a year. In July 2017, the company bought Ecuado...

Peru sees February consumption edge up

19 March 2018, Published under Cement News

Cement demand in Peru increased by 1.4 per cent YoY in February 2018 to 0.824Mt from 0.812Mt, according to the latest data by Asocem, the country’s cement association. When compared with January 2018, the decline is 1.4 per cent from 0.861Mt. Cement sales by domestic producers in Peru slipped 0.2 per cent YoY to 0.735Mt in February 2018. When compared with the previous month, the decline was 7.8 per cent from 0.798Mt. Cement production in February 2018 fell to 0.717Mt from 0.802Mt in J...

Peru's Invercem plans expansion

05 March 2018, Published under Cement News

Peruvian cement producer Inversiones en Cemento (Invercem) plans the construction of cement plants in Pisco and Ayacucho, according to its founder Victor de La Torre. The new works in Pisco will have a capacity of 0.22Mta while the Ayacucho facility will have an output potential of 0.45Mta The firm will invest US$18m into a 0.22Mta cement plant in Trujillo, where it currently operates a packing plant. At present it imports cement from China-based Anhui Conch Cement Co, selling it under th...

Peru's cement market expands 5% in January

26 February 2018, Published under Cement News

Peru's cement consumption expanded five per cent to 0.861Mt in January 2018 when compared with the previous year, but fell eight per cent MoM, according to the country’s cement association, Asocem. Per capita cement consumption in the Latin American country slipped 0.1 per cent YoY to 321kg but edged up 0.3 per cent when compared with December 2017, when it stood at 319kg. Peruvian cement producers increased their domestic dispatches by 3.9 per cent YoY to 0.798Mt from 0.767Mt while to...

Cementos Pacasmayo records sales volume increase in 4Q17

13 February 2018, Published under Cement News

Peru's Cementos Pacasmayo has announced its consolidated results for the fourth quarter and full-year period ended 31 December 2017. The sales volume of cement, concrete and blocks increased 7.3 per cent YoY in the 4Q17, attributed to growth in the self-construction market and an uptick in public sector spending. Cement EBITDA rose 13.9 per cent to PEN105.5m (US$32.2m), while the EBITDA margin of the sector expanded to 32 per cent. Consolidated EBITDA fell 35.7 per cent due to a write-off...

Peru’s Unacem swings into profit in 4Q17

29 January 2018, Published under Cement News

Unión Andina de Cementos reported a profit of PEN34.5m (US$10.7m) in the 4Q17. The result, which is a marked improvement when compared with the loss of PEN42.3m in the same period of the previous year, was driven by the progress of public and private works. The Peruvian producer’s billed cement shipments edged up to PEN1789.2m in 4Q17. Cost of sales during the quarter rose to PEN302.8m while financial expenses advanced to PEN60m.

Peru's cement market ends year on positive note

18 January 2018, Published under Cement News

December 2017 was a positive month for Peru's cement production and dispatches, although volumes remained insufficient to reverse the accumulated fall in 2017, according to the country’s cement association, Asocem. In December 2017 the Peruvian cement market expanded 6.3 per cent YoY and 3.8 per cent MoM to 936,000t when compared with 881,000t in December 2016 and 902,000t in November 2017. Deliveries from Peru’s producers slipped 0.7 per cent MoM to 845,000t from 851,000t in November 20...

Cement demand in Peru up 2.5% in November

21 December 2017, Published under Cement News

Cement consumption in Peru totalled 0.902Mt in November, representing a 2.5 per cent YoY rise but a MoM drop of 2.5 per cent, according to Asocem, the country’s cement association. Output from Peru’s cement plants increased six per cent YoY but declined 3.3 per cent MoM to 0.892Mt in November 2017.  Between January-November 2017, domestic dispatches reached 8.709Mt, representing a 1.1 per cent fall YoY. Imports advanced 11.7 per cent to 0.568Mt in the 11-month period. As a result, tot...