Cement News tagged under: Peru

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Peru: Cementos Yura Q4 profit falls by 20%

22 February 2017, Published under Cement News

Cementos Yura has announced that its profits for4Q16 were down by 20.1 per cent YoY to PEN40.2m (US$12.4m), reports Business News Americas. The firm saw sales revenues fall by 3.3 per cent, while administrative costs more than doubled as the firm paid a PEN25.7m penalty for cancelling a contract with a supplier. Cementos Yura was also negatively affected by foreign exchange fluctuations. While local sales were little changed YoY at 0.61Mt, exports fell by 14.8 per cent to below 0.1Mt. ...

Peru: Cementos Pacasmayo sees 13% drop in sales in 4Q16

15 February 2017, Published under Cement News

Peru's Cementos Pacasmayo saw its cement, concrete and blocks sales decline by 12.7 per cent YoY in 4Q16. However, there was extraordinary spending associated with El Niño prevention in the quarter. Compared to 3Q16 sales volumes increased. Revenues decreased 9.8 per cent YoY to PEN316.7m (US$97.2m) while consolidated EBITDA fell 20.4 per cent YoY to PEN88.8m. The fall in EBITDA has been attributed by higher fixed costs, resulting from the lower sales volumes, as well as one-off expenses ...

Peru: Cementos Pacasymayo announces phosphate spin-off launch date

31 January 2017, Published under Cement News

Cementos Pacasmayo SAA and subsidiaries, has provided shareholders with an update regarding the status of its spin-off of phosphate project company called FOSSAL, SAA. Pacasmayo's CEO and the CEO of FOSSAL SAA established that 1 March 2017 was the effective day of the launch of FOSSAL SAA. This is subject to registration by the Peruvian Public Registry and compliance with the Securities Market regulations.

Asocem: “Cement consumption will recover in 2017”

23 January 2017, Published under Cement News

Peruvian cement association Asocem expects cement consumption in Peru to grow between 3-5 per cent in 2017 as private investment recovers and public works are carried out. “For 2017 the scenario is positive, due to infrastructure works estimated to total US$20bn and US$40bn in 2018. We will recover the space that we have had after two years of decreases,” said Carlos Ferraro, executive director of Asocem. He added that the recovery of the cement market depends particularly on the unlock...

Peru's sees 3.4% market contraction in 2016

17 January 2017, Published under Cement News

Cement consumption in Peru fell 5.2 per cent to 836,000t in December 2016, according to Asocem, the country's cement association. Exports decreased 43.5 per cent to 27,000t from 47,000t in December 2015. Cement production in December reached 886,000t, representing a 4.8 per cent decline YoY. For full-year 2016, Asocem reported a 3.4 per cent market contraction from 9.978Mt in 2015 to 9.643Mt. However, Peruvian cement producers found some solace in overseas markets and reported an 11.3...

Peru’s cement market contracts more than 6% in November

16 December 2016, Published under Cement News

Cement consumption in Peru continues to fall with domestic sales noting a 6.6 per cent YoY decline from 914,000t in November 2016 to 854,000t in November 2016, according to Asocem, the country’s cement association. Demand in the January-November 2016 period reached 10.029Mt, down three per cent YoY from 10.335Mt in 11M15. Production fell by 8.7 per cent YoY to 871,000t in November from 955,000t the previous year and noted a 2.6 per cent fall from 10.77Mt in 11M15 to 10.49Mt for the firs...

Fitch: Latin America 2017 outlook stable

13 December 2016, Published under Cement News

According to a new Fitch Ratings report, the 2017 Latin American cement outlook for both ratings and the sector is stable. Associate Director at Fitch Ratings, Gilberto Gonzalez: “Issuers have built significant operations in the US, which should benefit from increased public and private spending… Housing starts should increase seven per cent to 1.26m, which should provide an additional boost.” For Argentina cement consumption is forecast grow in the mid-single digits, recovering some o...

Peru: Unacem reports loss of US$1.15m in 3Q16

31 October 2016, Published under Cement News

The company Union Andina de Cementos (Unacem), one of the two largest companies in the sector in Peru, reporteda loss of PEN3.9m (US$1.15m) in the third quarter due to lower sales due to a fall construction activity. This result compared to a profit of PEN24.7m for Unacem between July and September 2015. Unacem revenues in the 3Q16 amounted to PEN464.6m compared to PEN496.1m in the same period last year. From January to September, the cement company posted a profit of PEN354.5m compar...

Peru: Cementos Pacasmayo 3Q16 net income falls 21.7%

25 October 2016, Published under Cement News

Cementos Pacasmayo SA's consolidated results for the 3Q16 and nine months (9M16) ended 30 September 2016 recorded cement, concrete and concrete block volumes were down 1.6 per cent, largely due to extraordinary spending in regard to El Niño prevention in 3Q15, says Businesswire. Revenues rose 0.4 per cent to PEN314.2m (US$83.5m), while the consolidated EBITDA of PEN04.5m was up 4.9 per cent. Net income of PEN43.3m, down 21.7 per cent, due to the termination of borrowing cost capitalisatio...

Peru's cement market shows minor decline in August

20 September 2016, Published under Cement News

In August Peruvian cement demand reached 0.868Mt, representing 4.3 per cent decline YoY, according to Asocem, the country's cement association. To complement local output, around 43,000t of cement and 87,000t of clinker were imported. Domestic output reached 0.922Mt, the supply surplus being largely absorbed by exports, which reached 0.05Mt in the same month. In addition to 54,000t of cement passing through the country’s border controls - a YoY doubling of volumes, some 22,000t of clinke...