Cement News tagged under: South America

RSS feed

Fitch revises Votorantim Cimentos' outlook to stable

05 May 2021, Published under Cement News

Fitch Ratings has affirmed Votorantim Cimentos SA's (VCSA) Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB-' and revised the rating outlook to ‘stable’ from ‘negative’. The change in outlook mirrors that made to VCSA's ultimate parent, Votorantim SA (VSA).   VCSA accounted for 55 per cent of VSA's EBITDA during 2020 and 46 per cent of its debt. These figures compare with 45 per cent of EBITDA in 2019 and 53 per cent of the group's debt. Fitch noted that: "Although there ...

Ecebol plant to produce 0.573Mt of cement in 2021

28 April 2021, Published under Cement News

State-run Ecebol expects its plant in Oruro, Bolivia, to produce 0.573Mt of cement in 2021, according to Jose Luis Jimenez, the company’s manager. It is forecast to achieve sales of over BOB463m (US$67.2m). The plant was inaugurated in August 2019. Its output is IP-40 and IP-30 cement.

Chile’s cement market expands 6% in February

27 April 2021, Published under Cement News

Cement deliveries in Chile increased by six per cent to 351,735t in February 2021 when compared with February 2020 when 331,905t were dispatched, according to the Chilean construction chamber, CChC. When compared with January 2021 the increase was 1.5 per cent from 346,463t.

Fancesa inaugurates new Cal Orcko line

27 April 2021, Published under Cement News

Bolivia’s Fábrica Nacional de Cemento SA (Fancesa) inaugurated its new production line at Cal Orcko, near Sucre. The US$215.45m investment will bring plant capacity to 2100tpd. Chairman of Fancesa’s Board of Directors, Edwin Hurtado, highlighted the important role that bondholders and national banks have played in financing part of the economic resources for the execution of the new line. “Without his participation, this long-awaited project would not have materialised.” The project has g...

LafargeHolcim looks to divest Brazilian assets

22 April 2021, Published under Cement News

LafargeHolcim is reportedly exploring the sale of its Brazilian unit, which consists of 12 plants, according to people close to the matter. The company has hired Banco Itau BBA to advise on the potential divestment, which could bring in as much as US$1.5bn. The divestment could be made to one buyer or assets could be split.  Under CEO Jan Jenisch, the company has been selling off assets that do not contribute to core operations as the company seeks to reduce debt levels. Earlier sell-off...

Peruvian cement market expands 151% in March

16 April 2021, Published under Cement News

Cement dispatches in Peru surged 151 per cent YoY to 1.09Mt in March 2021 from a low base of 0.435Mt in March 2020, when the country faced measures to slow the spread of COVID-19, according to its national cement association, Asocem. Cement production from the cement plants owned by Asocem members went up from 0.419Mt in March 2020 to 1.006Mt in March 2021. Clinker output rose from 0.352Mt to 0.708Mt over the period. Domestic production was supplemented by 133,100t of cement imports, up 31...

Brazilian cement consumption up 34% YoY in March

14 April 2021, Published under Cement News

Brazil's cement market expanded 34.2 per cent to 5.48Mt in March 2021 when compared with March 2020, according to the country’s cement association, SNIC. Market growth was the strongest in the south, where sales increased 45.3 per cent YoY from 682,000t to 991,000t in March 2021, followed by sales in the northeast, which expanded by 43.6 per cent to 1,127,000t from 785,000t. In the central-western part of Brazil offtake rose by 37.9 per cent to 571,000t from 414,000t while in the north, th...

Uruguay's cement market expands 16 per cent in 1Q21

13 April 2021, Published under Cement News

Cement deliveries in Uruguay saw a 33.8 per cent YoY advance in March 2021 to 71,027t from 53,083t in March 2020. This follows a 6.8 per cent increase to 65,680t in February and a 9.3 per cent uptick to 53,268t in January 2021, according to the country’s cement association, Asociación de Fabricantes de Cemento Portland del Uruguay (AFCPU). Exports reached 6349t in March 2021, up 156.4 per cent YoY from 2476t in March 2020. In February 2021 exports increased 37.7 per cent YoY to 3615t while...

ECEBOL signs contract for natural gas supply

08 April 2021, Published under Cement News

ECEBOL's new plant in Potosí, Bolivia, is expected to be supplied with natural gas by Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) through an 8km pipeline that will connect YPFB’s Transporte system with the cement factory. ECEBOL and YPFB signed a contract guaranteeing the supply of 11.9MMcf of natural gas per day, which will be used to produce cement and clinker that will supply national and international demand. "We have been making progress with the connections to the differen...

Argentina's cement market expands by 94% in March

07 April 2021, Published under Cement News

Cement demand in Argentina surged by 94 per cent YoY to 974,391t in March 2021 from a low base of 502,368t in March 2020, according to the country’s cement association, AFCP. The market was entirely supplied by domestic production, which advanced by 93.5 per cent from 508,402t to 983,911t over the same period. In March 2021 domestic producers exported 9520t, up 57.8 per cent YoY from 6034t in March 2020. January-March 2021 The Argentine market expanded by 38.6 per cent to 2.682Mt in th...