Cement News tagged under: Peru

RSS feed

Peru: Cementos Pacasmayo to split operations

23 August 2016, Published under Cement News

Cementos Pacasmayo SAA and subsidiaries announced that its Board of Directors have approved the separation of its phosphate operations Fosfatos del Pacifico (FOSPAC) from its cement operations. Ownership of FOSPAC will be transferred to separate entity FOSSAL, which will hold 70 per cent ownership whilst 30 per cent remains with MCA Phosphates PTE, a division of Mitsubishi Corp. Chairman of FOSPAC, Roberto Dañino said, “FOSPAC is an attractive project, with substantial phosphate reserves ...

Peru: Votorantim to buy assets of Cementos Orotongo

22 August 2016, Published under Cement News

Votorantim Cimentos has made an agreement with Concesur (Consorcio Cementero del Sur) to purchase the cement assets of Cementos Orotongo acquired by Votorantim in 2012 from Cimpor. The deal is worth US$4m and includes a project to set up a US$125m cement plant at La Joya with a capacity for 650,000tpa of cement and 1500tpd of clinker. This plant project was originally planned in 2011. Votorantim is also setting up a cement plant at Pachacamac, southern Lima, in alliance in Cementos Bio B...

Peru's cement sales fall 3.7% in July

19 August 2016, Published under Cement News

Peru's cement market contracted 3.7 per cent YoY in July as 772,000t were sold, according to the latest data by Asocem, the Peruvian cement association. However, production increased 2.4 per cent YoY to 837,000t – a signed that the market has started to pick up, according to Asocem. There were no clinker imports, but around 44,000t of cement imports supplemented domestic production. In terms of exports, no clinker shipments were reported in July, but around 39,000t of cement was delive...

Peru: Cementos Pacasmayo 2Q16 revenues up 9%

22 July 2016, Published under Cement News

Cementos Pacasmayo SAA has announced its consolidated results for the 2Q16, stating that volumes of cement, concrete and blocks rose 4.8 per cent during the period and revenues increased 9.1 per cent to PEN301.7m (US$90.6m). Consolidated EBITDA of PEN93.1m (US$27.9m) was up 15.7 per cent, excluding PEN8.8m non-operating income booked in 2Q15. However, when including this income, EBITDA was up 4.3 per cent. Net income of PEN31.3m was down 18.9 per cent excluding non-operating income booked...

Peru cement market contracts 3.5% YoY in June

18 July 2016, Published under Cement News

In June, Peruvian cement demand fell by 3.5 per cent YoY to 0.756Mt from 0.781Mt, according to Asocem, the country's cement association. Domestic sales were supplemented with 23,000t of export sales, which slipped from 24,000t in June 2015. However, the country also imported 28,000t of clinker and 44,000t of cement. Cement output from Peru’s cement plants decreased three per cent in June when compared with the previous month and 0.5 per cent YoY. For the rolling year, between July 2...

Peru: Inka to start Pisco cement plant construction

05 July 2016, Published under Cement News

Cementos Inka will begin construction of a second cement plant in Pisco, Peru, in the next few months. This second unit will be situated on a 20ha plot and should begin production in the 4Q17. The US$30m project's environmental impact study has been approved already. Cementos Inka is also evaluating plans for a third production unit capable of 0.5Mta in Piura. This facility is expected to cost US$40m and will occupy 100ha. Construction works on this project could begin half-way through ...

Peru: Unacem invests in power projects

21 June 2016, Published under Cement News

Unacem will invest in two separate power generation projects in 2016. Through Compania Electrica El Platanal it will invest in Carpapata III in its plant in Condorcocha in Junin. It will also invest US$60m (EUR 53.18m) in a hydroelectric plant in Maranon that is due to begin operations in 2016.

Peru cement demand up 1.4% in May

16 June 2016, Published under Cement News

Peru’s cement consumption increased by 1.4 per cent YoY in May, according to the Asociación de Productores de Cemento. Total deliveries, which include exports, increased 1.9 per cent. Production slipped 0.2 per cent when compared with May 2015. “During the fifth month of 2016, cement production fell slightly but national and total dispatches continued to grow,” said the cement association.

Peru: cement market expands 1.8% YoY in April

17 May 2016, Published under Cement News

Peru’s cement demand increased 1.8 per cent YoY in April to 781,000t, according to the country’s cement association, Asocem. This reversed the previous month’s fall of 1.4 per cent. Cement output in April expanded by 7.5 per cent YoY to 831,000t. Some 29,000t of this volume was exported, reflecting an eight per cent decrease when compared with April 2015. In addition, 23,000t of clinker was exported – some 17 per cent below the April 2015 level.

Peru: Pacasmayo 4Q15 boosted by public sector demand, new Piura facility

17 February 2016, Published under Cement News

Peru-based Cementos Pacasmayo saw a nine per cent in fourth-quarter volumes which benefitted from the anticipated increase in demand from the public sector, the company said in a statement yesterday. Crucially, supplies were supported by its new Piura facility which improved Pacasmayo's competitive position in the northern region of the country, it added. Fourth-quarter revenues rose by 8.7 per cent and EBITDA up more than 10 per cent, excluding the impact of extraordinary non-operating i...