Cement News tagged under: Peru
Briones sisters sell Bío Bío stake to Gloria Group20 October 2020, Published under Cement NewsAnita and Loreto Briones Goich of ALB SpA have sold their entire 19 per cent stake in Cementos Bío Bío, the cement company founded by their father, Hernán Briones Gorostiaga in 1957. The shares were sold for approximately US$46.8m to the Peruvian Gloria Group. Cementos Bío Bío includes CBB, Inacesa, Ready Mix and Inacal and has a presence in Chile, Argentina and Peru. The sale follows the divestment of shares to Peru-based Unión Andina de Cementos, who purchased 50 per cent of the shares ... |
Peru's cement producers see 10% rise in local dispatches in September15 October 2020, Published under Cement NewsCement consumption in Peru remained largely stable at 1.018Mt in September 2020 when compared with August 2020 and increased 10 per cent YoY. Of this total, local dispatches accounted for 1.001Mt, representing a 7.3 per cent rise MoM and a 10.4 per cent increase YoY, according to Asocem, the country’s cement association. Cement production rose 6.7 per cent YoY and three per cent MoM to 1.006Mt in September 2020 while clinker output fell 26.6 per cent YoY but increased 7.4 per cent MoM to 0.... |
Cement dispatches in Peru largely stable14 September 2020, Published under Cement NewsCement dispatches in Peru slipped 0.1 per cent YoY but increased 12.9 per cent MoM to 0.933Mt in August 2020, according to the country’s cement association, Asocem. Domestic producers dispatched 0.944Mt including exports. This represents a 0.3 per cent decrease in volume when compared with August 2019 but a 13.3 per cent rise when compared with July 2020. Cement production in Peru increased 4.5 per cent YoY and 18.9 per cent MoM to 0.977Mt while clinker output fell 31.5 per cent YoY but... |
Cementos Pacasmayo begins terminal operations25 August 2020, Published under Cement NewsPeru’s Cementos Pacasmayo has resumed operations from the port terminal of Yurimaguas, Loreto, distributing 60,000 bags of cement to Iquitos. The company operates in the port through its subsidiary, Cementos Selva, which has a 4.9Mta plant in Rioja. The operations were launched in mid-August with the arrival of several vessels, which will set sail for Iquitos while complying with all COVID-19 safety protocols. |
Peru’s cement market recovers, exports remain low in July14 August 2020, Published under Cement NewsCement dispatches in Peru are recovering from COVID-19 disruption. In July 2020, 0.826Mt of cement was delivered to the domestic market, according to Asocem. While still 5.7 per cent below the July 2019 level of 0.876Mt, when compared with June 2020, there was a 39 per cent surge from 0.594Mt. Cement exports remained modest at 6700t, edging up by 4.4 per cent when compared with June 2020. However, compared with July 2019, when 19,300t was exported, they noted a 65.4 per cent drop. Clinker e... |
Peruvian cement market expands in June14 July 2020, Published under Cement NewsWhile cement demand in Peru rebounded in June 2020 to 678,000t when compared with 298,000t sold in May 2020, it remained 26.1 per cent below demand reported in June 2019 as the impact of the coronavirus pandemic continue to be felt, according to the country’s cement association, Asocem. Cement output improved significantly to 611,000t in June 2020, representing an advance of 131.8 per cent when compared with May 2020, when output stood at 263,000t. However, it remained 29.6 per cent below ... |
Peru's cement demand to recover in 2H08 July 2020, Published under Cement NewsScotiabank forecasts a recovery in Peruvian cement consumption with 3Q demand expected to be close to 2Mt, double the demand reported in 2Q. "We estimate that domestic cement consumption has exceeded 500,000t in June, the highest level in the last three months, but still notably less than 984,000t in June 2019," predicts Scotiabank. However, consumption in 3Q20 should remain 30 per cent below the level noted in 3Q19. "While we expect cement consumption to continue its gradual recovery dur... |
Peru’s cement demand plummets by 69% in May16 June 2020, Published under Cement NewsCement consumption in Peru fell by 69.1 per cent YoY to 298,300t in May 2020, according to the country’s cement association, Asocem. Cement production fell by 70 per cent to 263,000t in May 2020 when compared with May 2019 but recovered considerably when compared with April 2020 when COVID-19 impacted operations at the country’s cement plants. Clinker output fell 93.9 per cent YoY to 46,000t. Domestic production was supplemented in May 2020 by 32,000t of cement imports, down 35.1 per cen... |
Peruvian cement consumption plummets in April19 May 2020, Published under Cement NewsPeru’s cement market sharply contracted to 5700t in April 2020, down from 883,000t in April 2019 and from 488,000t in March 2020, according to Asocem, the country’s cement association. Cement production fell 98.7 per cent YoY to 10,000t in April 2020 from 811,000t in April 2019 and 97.5 per cent MoM from 419,000t in March 2020. There was no clinker output from Peru’s cement producer in April 2020. In April 2019 clinker production stood at 796,000t while in the previous month 352,000t of ... |
Cementos Pacasmayo reports 4% fall in revenue01 May 2020, Published under Cement NewsPeru’s Cementos Pacasmayo has seen a 4.4 per cent YoY fall in revenue to PEN299.3m (US$88.88m) in the first quarter of 2020, against PEN313.2m in the 1Q19. Net income dropped 64.5 per cent YoY to PEN10.7m from PEN30.1m. Consolidated EBITDA also decreased 22.8 per cent YoY to PEN72.3m, compared to PEN93.6m in the corresponding period of last year. Total cement production volumes across the company’s three plants decreased 6.9 per cent YoY to 555,700t in the first three months of the 202... |