Cement News tagged under: South America

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Cementos Pacasmayo posts 286% rise in revenue

20 July 2021, Published under Cement News

Peru's Cementos Pacasmayo has seen its revenue increase 285.7 per cent YoY to PEN440.9m (US$111.64m) in the second quarter of 2021, compared to PEN114.3m in the year-ago period. Consolidated EBITDA also surged to PEN90m from a PEN5.7m loss in the 2Q20. Sales volumes of cement, concrete and precast increased 257.2 per cent YoY to 847,700t, mainly due to the continued increase in sales of bagged cement and to the halt in commercialisation during the 2Q20. If compared to volumese in the 2Q19...

Peruvian cement demand surges 66% in June

16 July 2021, Published under Cement News

Peru’s cement market expanded by 66 per cent YoY to 1.085Mt in June 2021, according to the country’s cement association, Asocem. When compared with June 2019, the increase was 23 per cent from 0.879Mt. Cement production saw a 68 per cent increase to 1.085Mt in June 2021 when compared with 0.655Mt manufactured in June 2020. When compared with June 2019 output advanced 24 per cent from 0.879Mt. External trade Cement exports rose by 144 per cent from 6000t in June 2020 to 16,000t in June ...

Chilean cement demand sees 21% hike in May

13 July 2021, Published under Cement News

Chile’s cement market expanded by 21.2 per cent YoY as 353,704t was sold in May 2021 compared with 352,817t in May 2020, according to the Chilean construction chamber, CChC. The January-May 2021 period saw an increase of 14.2 per cent to 1,789,995t when compared with 1,567,886t in the 5M20.

Brazil market expands in June with expectations of 6% growth in 2021

09 July 2021, Published under Cement News

Cement sales in Brazil edged up 1.5 per cent to 5.438Mt in June 2021 from 5.358Mt in June 2020, according to the country’s cement association, SNIC. Self-construction as well as residential and commercial renovation continue to rise while increasing sales are further supported by works in the real estate sector. Growth was strongest in the southern region, where sales advanced 11.4 per cent YoY to 0.91Mt from 0.817Mt in June 2020. There was also robust growth in the north as 0.272Mt of cem...

Cement consumption in Argentina sees 21% hike in June

06 July 2021, Published under Cement News

Argentina's cement market expanded by 20.5 per cent YoY and by 10% MoM to 961,340t in June 2021, according to AFCP, the country’s cement association. Domestic demand was entirely supplied by Argentine cement producers, who produced 970,540t in June, up 20.6 per cent YoY and 9.8 per cent MoM. Of total output, they exported 9200t of cement, which represents a YoY advance of 34.2 per cent from 6855t but a MoM drop of 8.2 per cent from 10,017t. January-June 2021 In the first half-year of...

Bolivian market sees 7% MoM decline in April

06 July 2021, Published under Cement News

Cement consumption in Bolivia surged to 286,667t in April 2021 from a very low base of 39,222t in April 2020 due to the impact of the COVID-19 pandemic, according to INE, the country’s statistics agency. However, MoM demand fell by 7.3 per cent from 297,744t in March 2021. Production from domestic cement plants also returned to more regular levels, noting 276,061t in April 2021, up from 11,579t in the previous year, when the pandemic saw factories closed. MoM there was a five per cent slip...

CSN confirms acquisition of Elizabeth Cimentos

02 July 2021, Published under Cement News

Brazil’s Companhia Siderúrgica Nacional (CSN), the largest steel company in Brazil and Latin America, has reached an agreement to acquire Elizabeth Cimentos for BRL1.08bn (US$214m). The deal has been made through its subsidiary, CSN Cimentos, and will boost its cement capacity in the northeast of the country by 1.3Mta, bringing it to around 6Mta in total.

Cement dispatches in Colombia up 16% in May

01 July 2021, Published under Cement News

Colombian cement sales increased 15.5 per cent YoY to 815,400t in May 2021 from 705,900t in May 2020, according to the country’s statistics office, DANE. When compared with May 2019 there was a 22.7 per cent drop from 1.055Mt.   The offtake by ready-mix concrete companies surged 45.6 per cent, while construction companies and contractors increased their purchases by 15.7 per cent. Sales to the retail sector edged up by 5.6 per cent.   Cement production advanced 13.1 per cent to 880,4...

Fancesa changes sales policy

30 June 2021, Published under Cement News

Bolivian cement producer Fancesa is changing its sales policy. The company will no longer sell exclusively through its authorised agencies, according to Correo del Sur. At present, almost all of the company’s sales in Sucre, Potosí and Tarija are made through authorised agencies. In Santa Cruz, Fancesa cement is sold through the company, agencies and hardware stores while in La Paz, El Alto and Oruro sales are made directly by the cement company.     In the so-called “free sale of ceme...

New Guyana cement plant breaks ground

25 June 2021, Published under Cement News

Guyanese-owned energy company, Vas Energy Inc and its subsidiary, Georgetown Cement Co broke ground on a US$100m state-of-the-art cement plant at La Resource, Essequibo Coast, in Region Two. Chief Executive Officer (CEO) of Go-Invest, Dr Peter Ramsaroop, said Guyana's economy is currently booming and there are countless investment opportunities that are available. According to Dr Ramsaroop, the anticipated infrastructural boom in Guyana will create a high demand for cement. He told the ga...