Cement News tagged under: South America
Ecebol plant expected to start up in June21 March 2023, Published under Cement NewsBolivia’s Empresa Pública de Cemento (Ecebol) expects to commission its new Potosí plant in June with the project currently 92 per cent complete and a budget execution of 85 per cent. The start-up of the 1.3Mta plant will take place on 30 June with the grinding and dispatch of the first products. "The first bags of cement will be in November to then verify the quality and put them on sale," said the country’s Minister of Productive Development, Néstor Huanca. He also indicated that t... |
Votorantim Cimentos posts net revenue of BRL25.8bn in 202216 March 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favourable price dynamics in all regions where it operates, which mitigated cost pressures and the impact of the exchange rate in the year. Cement sales in the countries where the company has operations totalled to 36.8Mt, one per cent less than the previous year. The company posted BRL1.1bn in net profit in 2022, 30 per cen... |
Cement sales in Brazil drop 7% in February14 March 2023, Published under Cement NewsBrazil’s cement association, SNIC, reported that cement sales in the domestic market declined by 7.2 per cent YoY to 4.42Mt in February 2023 from 4.763Mt. SNIC attributes the contraction to Brazil’s economic scenario with high household debt, high interest rates and inflation as well as above-average rainfall. Consumer confidence showed a second-consecutive month’s drop. Industry confidence was negatively affected by a slowdown in demand and high input costs. The decline was the largest in... |
Loma Negra posts 1% uptick in revenue in 202210 March 2023, Published under Cement NewsArgentina’s Loma Negra has reported a two per cent YoY increase in revenue in the 4Q22 to ARS36,763m (US$215m), mainly driven by a strong performance in the concrete and aggregates segments, which helped offset a fall in cement sales. Adjusted EBITDA came in at ARS13,173m, up 5.4 per cent YoY in adjusted pesos, or up 42.7 per cent in dollars at US$91m. Net profit over the quarter stood at ARS7452m, boosted by the sale of non-strategic property, according to the company. For the full y... |
Colombia's cement market contracts 4% in January08 March 2023, Published under Cement NewsColombian cement dispatches declined 3.5 per cent to 0.93Mt in January 2023 from 0.964Mt in January 2022, according to the country’s statistics office, DANE. When compared with January 2019 cement demand increased 1.4 per cent from 0.917Mt. The 3.5 per cent drop in dispatches was driven by the contraction in Antioquia (-9 per cent) and Nariño (-64.9 per cent). While bulk dispatches remained stable, bagged cement sales fell by five per cent YoY in January 2023. Bulk sales growth of 14.3 p... |
Argentina's cement consumption down 5% in February07 March 2023, Published under Cement NewsThe cement market in Argentina contracted by 4.5 per cent YoY and 6.5 per cent MoM to 895,938t in February 2023, according to the country’s cement association, AFCP. In February 2022 demand reached 938,072t while in January 2023 it stood at 958,230t. All domestic demand was supplied by local cement producers, who produced 900,150t, down 5.1 per cent YoY from 948,858t and -6.8 per cent MoM from 965,633t. Of total output, 4212t was exported, representing a 60.9 per cent YoY drop from 10,786t... |
Cemento Polpaico sees 70% drop in profits in 202201 March 2023, Published under Cement NewsChile’s Cemento Polpaico , owned by the Hurtado Vicuña Group , reported a 16.9 per cent increase in revenue in 2022 to CLP368,391m when compared with 2021 when revenue reached CP315,273m. The company sold 2,028,816t of cement, down 9.6 per cent YoY, while concrete sales reached 3,287,348m 3 , down three per cent YoY. However, net profits were down 70 per cent YoY to CLP3921m in 2022 from CLP12,901m in the previous year. "The year 2022 presented less dynamism in the sector of constructi... |
Peru’s cement market contracts in January22 February 2023, Published under Cement NewsTotal cement dispatches in Peru fell by 16 per cent to 0.915Mt in January 2023 when compared with 1.088Mt delivered in January 2022, according to Asocem, the country’s cement association. Of this total, Asocem members dispatched 0.883Mt in January 2023 while non-affiliated companies dispatched 0.032Mt. Cement production in Peru declined 13 per cent YoY to 0.931Mt in January 2023. The output level is an aggregate of all Asocem members. Clinker production surged by 46 per cent to 1.079Mt in ... |
Cemento Melón signs UN Global Compact20 February 2023, Published under Cement NewsCemento Melón recently signed the UN Global Compact, the largest corporate sustainability initiative in the world, and has become the first Chilean cement producer to do so. For the executive director of the Global Compact in Chile, Margarita Ducci, the incorporation of Cement Melón "is very relevant since it sets a standard for the industry and illuminates other companies in the field to join." “We are proud to be admitted to the Global Compact, after a process in which it is evaluate... |
Cementos Pacasmayo reports 15% increase in 2022 net income15 February 2023, Published under Cement NewsPeru-based Cementos Pacasmayo saw its revenues increase by 1.7 per cent YoY to PEN533.8m (US$138.8m) in the fourth quarter of 2022, mainly due to an increase in average prices of bagged cement as inflation affected the company’s raw material and energy costs. Sales volumes of cement, concrete and precast in the 4Q22 decreased 1.7 per cent from peak levels in the 4Q21. In the last quarter of 2022, the company reported a 14.5 per cent YoY decline in consolidated EBITDA to PEN121m, mainly ... |