Cement News tagged under: South America
Cementos Pacasmayo reports stable net profit in 1H2423 July 2024, Published under Cement NewsPeru-based Cementos Pacasmayo SAA reported a 3.4 per cent uptick in income to PEN457.1m in the second quarter of 2024 from PEN442m in the 2Q23, supported by the sales mix as concrete and prefabricated sales increased due to the Piura airport project and the recovery of public investment. However, a contraction in the demand for bagged cement saw total sales volumes decrease by 5.8 per cent. Of total sales, cement represented a sales value of PEN369.6m in the 2Q24, down from PEN383.5m in th... |
Peru’s cement market contracts 6% in June22 July 2024, Published under Cement NewsCement dispatches in Peru declined by 5.9 per cent YoY to 0.924Mt in June 2024 from 0.928Mt in June 2023, according to ASOCEM, the Peruvian cement association. Of this total, dispatches by ASOCEM members were down 8.8 per cent to 0.842Mt in June 2024 from 0.923Mt in June 2023. Output from domestic cement plants declined 6.1 per cent YoY to 0.884Mt in June 2024 from 0.941Mt. Clinker production fell 15.5 per cent to 0.686Mt from 0.812Mt over the same period. In terms of external trade, Per... |
UCEM acquires Ecuador’s Ecoluz SA17 July 2024, Published under Cement NewsGloria Group , through its subsidiary Unión Cementera Nacional SA (UCEM), has closed the purchase and sale contract for 99.998 per cent of Ecuador-based hydropower company Ecoluz SA. In May 2024 the Superintendency of Economic Competition of Ecuador approved the acquisition of all Ecoluz shares by UCEM. “Gloria Group reaffirms its commitment to investment in the Latin American market, betting on the development of the countries in the region,” concludes the Peruvian company. |
Votorantim Cimentos’ solid and sustainable growth16 July 2024, Published under Cement NewsVotorantim Cimentos CEO, Osvaldo Ayres, highlights the company’s achievements and sets his sights on the future as the cement producer pursues a strategy of robust and sustainable growth going forward. By Osvaldo Ayres, Votorantim Cimentos, Brazil In the town of Itaperuçu, Paraná, Votorantim Cimentos will be spending BRL145m in the first site in Brazil dedicated exclusively to the company’s sustainable waste management and disposal business, Verdera, and its agricultural solutio... |
Brazilian cement market expands 2% in June11 July 2024, Published under Cement NewsCement sales in Brazil increased by 2.4 per cent to 5.372Mt in June 2024 from 5.248Mt in June 2023, according to the country's cement association, SNIC. Per working day, cement dispatches were up 4.6 per cent YoY to 238,800t. The increase follows a first semester affected by high interest rates and family debt as well as extreme weather events, including drought in the central-west and northern regions and intense rains in the south of Brazil. Construction confidence remained stable in Ju... |
Cemex invests in KC8 Capture Technologies09 July 2024, Published under Cement NewsCemex has announced its latest investment in the carbon capture start-up KC8 Capture Technologies (KC8) through its venture capital and open innovation unit, Cemex Ventures. The investment aims to scale KC8's carbon capture technologies in a major project. KC8, based in Australia, offers an affordable method for reducing greenhouse gas emissions with its proprietary non-toxic, non-volatile solvent for carbon capture, utilisation and storage (CCUS). This technology promises up to 95 per ... |
Colombia’s cement shipments fall 11% in May04 July 2024, Published under Cement NewsCement dispatches in Colombia declined 10.9 per cent to 1.003Mt in May 2024 from 1.126Mt in May 2023, according to statistics agency DANE. Production was down 11.6 per cent YoY to 1.094Mt in May 2024 from 1.237Mt in the year-ago period. The market contraction was larger in the bagged cement segment, where sales were down 12 per cent. Bulk deliveries fell by 8.8 per cent YoY. In terms of market segments, the retail sector reported a 9.2 per cent YoY decrease while construction companies and... |
Argentine cement market contracts 33% in June03 July 2024, Published under Cement NewsCement demand in Argentina fell 32.8 per cent YoY and seven per cent MoM to 725,661t in June 2024, according to the country’s cement association, AFCP. This includes 81t of imports. Domestic production dropped 32.8 per cent YoY and 7.4 per cent MoM to 727,405t in June 2024. Of this total, 1825t was exported, down from 28.9 per cent YoY 2568t in June 2023. First-half 2024 In the January-June 2024 period, cement consumption in Argentina fell 30.9 per cent YoY to 4,247,357t from 6,148,980... |
Unacem to invest US$300m to reduce its carbon footprint by 203001 July 2024, Published under Cement NewsPeru-based Unacem Group has published its Corporate Roadmap to 2030, setting a carbon emissions target of 1500kg of CO 2 /t of cement by 2030 in all its operations, representing a reduction from 607kg, and to achieve carbon neutrality by 2050. To achieve the target the company is investing US$300m by 2030. In 2023 the company achieved a reduction of 5kg of CO 2 /to of cement and has set a total reduction target of 6kg for 2024. In the medium term, targets are 21 and 16kg for 2025 and 2026,... |
Peruvian cement market contracts 2% in May21 June 2024, Published under Cement NewsDomestic cement dispatches in Peru slipped two per cent YoY in May 2024 to 0.958Mt from 0.977Mt in May 2023, according to the country's cement association, ASOCEM. OF this total, 0.87Mt was supplied by ASOCEM members. Cement production by local cement manufacturers was down four per cent to 0.887Mt in May 2024 when compared with 0.928Mt in the year-ago period. Clinker output fell by 10 per cent to 0.72Mt from 0.803Mt over the same period. External trade Peru's cement producers found l... |