Cement News tagged under: South America

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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...

Loma Negra relights L'Amalí kilns

27 October 2021, Published under Cement News

Argentine-based Loma Negra has turned its kilns at its L'Amalí in Olavarría back on after resolving the conflict with Minerar, the union that exploits the company’s limestone quarry. The Argentine Mining Workers Association (AOMA) and Loma Negra reached an agreement to improve the working conditions of Minerar’s staff.

Loma Negra pauses production at L'Amalí plant

26 October 2021, Published under Cement News

Argentina’s Loma Negra has reportedly stopped production at its L'Amalí plant in Olavarría as a result of a union conflict between the Mining Workers Association of Argentina (AOMA) and its limestone supplier, Minerar, leaving it without stock of the raw material. The conflict between AOMA and Minerar is the only cause of the suspension of production. It is expected to have a significant impact if left unresolved as the L'Amalí plant represents 70 per cent of the company’s total productio...

Cementos Yura appoints new general manager

25 October 2021, Published under Cement News

Peru-based Cementos Yura has selected Fernando Rojas as its new general manager, replacing Julio Caceres, who was appointed on an interim basis. Mr Rojas has more than 27 years of experience in the cement industry internationally, having developed his professional career in Cemex, where he served as director of operations (Costa Rica and Puerto Rico) and lead the regional direction of Optimisation and Sustainability for Central America and the Caribbean. Julio Cáceres has been appointe...

Peru's cement market expands 14% YoY in September

20 October 2021, Published under Cement News

Cement dispatches in Peru advanced 14 per cent YoY and three per cent MoM to 1.238Mt in September, according to Asocem, the country’s cement association. Of this total, Asocem members delivered 1.145Mt, up 14 per cent YoY and three per cent MoM. Cement production increased by 14 per cent YoY and by two per cent MoM to 1.145Mt in September. In addition, clinker output advanced by 50 per cent YoY and by five per cent MoM to 0.901Mt. Asocem members exported 17,100t of cement, up 33 per cent...