Cement News tagged under: South America

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Peruvian cement market expands 2% in October

19 November 2021, Published under Cement News

Domestic cement deliveries in Peru edged up two per cent to 1.264Mt in October 2021 when compared with October 2020, according to Peruvian cement association, Asocem. Its members dispatched 1.17Mt, up two per cent YoY. Cement production from members’ cement plants increased seven per cent to 1.228Mt in October 2021 from 1.147Mt in the equivalent period of 2020. In addition, they also produced 0.992Mt of clinker, up 42 per cent YoY. Domestic supply was complemented by 54,000t of cement imp...

Fancesa signs agreement to export to Paraguay

19 November 2021, Published under Cement News

Bolivia-based Fábrica Nacional de Cemento SA (Fancesa) and a Paraguayan construction company reached an agreement to export cement to the South American country. The cement producer will initially ship 20,000 bags per month but as demand in Paraguay advances, will increase its export volumes. All shipments are subject to the requirements of the Paraguayan Institute in terms of resistance, stability and quality management of the product. "We are returning to Bolivia with this signed agree...

Venezuelan cement industry sees 10% capacity utilisation rate

18 November 2021, Published under Cement News

Venezuela’s cement industry is currently producing around 1Mta, or 10 per cent of its nominal capacity, according to the President of the Cement Workers Federation (Fetracemento), Orlando Chirinos in La Nación newspaper. The union leader compared the figures the figures with the output figure of 8Mt in 2008, which at the time represented a capacity utilisation rate of 85 per cent of nominal capacity. “In 2011, after nationalization, the per capita consumption per Venezuelan was 350 kilos,...

Venezuela to export to Caribbean

15 November 2021, Published under Cement News

Venezuela’s president, Nicolás Maduro Moros, has approved the Cement Export Plan 2022 as part of the country’s aim to diversify its economy. The plan also foresees the export of cement to the Caribbean for the first time. "For the first time, Venezuela will export cement to the Caribbean," President Maduro reported when instructing the Executive Vice President, Delcy Rodríguez, to investigate the mafias that commercialise cement at a premium and sanction them with the full weight of the la...

October sales down 10% in Brazil

12 November 2021, Published under Cement News

While year-to-date sales of cement in Brazil continue to be high in the period until October 2021, October’s stand-alone result has been seen as the worst of the year, according to the country’s cement association, SNIC. Total sales volume in October totalled 5.4Mt, down 9.5 per cent when compared to October 2020. However, in the first 10 months of 2021, sales were up 7.5 per cent YoY to 54.6Mt. Of this total, 42,000t was exported in October, up 68 per cent YoY, while in the 10M21 export v...

Loma Negra reports 9% increase in 3Q revenue

12 November 2021, Published under Cement News

Argentina’s Loma Negra has reported an 8.5 per cent YoY increase in revenue to ARS17,800m (US$176m) in the third quarter of 2021, against ARS16,399m in the comparable period of 2020. Consolidated adjusted EBITDA declined 9.1 per cent to ARS4696m from ARS5167m, while the margin fell to 26.4 per cent from 31.5 per cent. Net profit also decreased 84.9 per cent YoY to ARS1490m, mainly due to an extraordinary result in the year-ago period which saw a divestment in Paraguay. “We are pleased to ...

Cement sales in Chile edge up 2% in September

12 November 2021, Published under Cement News

Chilean cement sales have increased by two per cent YoY in September 2021. Volumes were reported at 334,603t in September 2021, up from 328,184t in September 2020, according to the Chilean Chamber of Construction (CChC). In the January-September 2021 period sales advanced 1.2 per cent YoY to 3.214Mt when compared with 2.65Mt.

Argentine cement market expands 7% in October

11 November 2021, Published under Cement News

Argentina’s cement consumption increased 6.6 per cent YoY and 2.8 per cent MoM to 1,141,043t in October 2021, according to AFCP, the country’s cement association. All cement in the market was produced by domestic producers with no imports reported. Total output by Argentine cement plants reached 1,152,077t, up 6.1 per cent YoY and 2.8 per cent MoM. This included 11,034t of exports, which represented a YoY drop of 27 per cent. In the first 10 months of 2021, total cement demand in the Sou...

Cementos Argos announces 5% increase in 3Q revenue

09 November 2021, Published under Cement News

Cementos Argos has posted consolidated revenues of COP2489bn (US$641.82m) in the third quarter of 2021, up 5.3 per cent YoY, favoured by the positive evolution of volumes and prices. Adjusted EBITDA also increased 2.4 per cent YoY to COP473bn from COP462bn in the 3Q20. The positive EBITDA evolution was mainly attributed to the performance of Colombia, in a combination of better market environment and commercial efforts to increase the company’s exposure to the retail segment. Cost headwind...

Cementos Pacasmayo sees 25% increase in 3Q revenues

01 November 2021, Published under Cement News

Peru-based Cementos Pacasmayo has reported a 24.5 per cent YoY increase in revenues to PEN507.2m (US$127m) in the 3Q21, on the back of higher sales volumes of cement, concrete and precast, and an increase in cement and concrete prices, in line with cost inflation. The total sales volume of cement, concrete and precast saw a 14.4 per cent YoY uptick to 937,700t with bagged cement as the largest driver for growth. However, consolidated EBITDA slipped 2.7 per cent YoY to PEN117.3m, mainly du...