Cement News tagged under: South America

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Gilinski launches offer for sizeable Grupo Argos stake

25 May 2022, Published under Cement News

In Colombia business tycoon Jaime Gilinski has launched a public acquisition offer for a sizeable stake in Grupo Argos. Mr Gilinski is seeking a stake of 26-32.5 per cent of Argos, which is the third company on the business magnate’s radar. He is willing to pay around 18 per cent more on the Argos share price, reported Notices Financieras. “The purchase price for each share will be US$4.08,” the regulator told the stock exchange in a statement late on 19 May. According to Reuters, the offe...

Cementos Melon inaugurates new grinding unit

25 May 2022, Published under Cement News

Chile-based Cementos Melón has officially inaugurated its new grinding unit about 8.5km north of Punta Arenas in the country’s southern Magallanes region. The new 0.25Mta plant represents an investment of US$45m and is expected to produce 80,000t of cement in its first year as it ramps up capacity. At the inauguration, Cementos Melón General Manager, Jorge Eugenín, said: “For us Magallanes has always been an interesting market, its consumption is comparable to cities in developed count...

SOBOCE invests in the future

24 May 2022, Published under Cement News

As Bolivia’s economy slowly recovers from the impacts of the COVID-19 pandemic, domestic cement producer Sociedad Boliviana de Cemento (SOBOCE) accelerates its digital transformation process to meet market demand more effectively. By Sociedad Boliviana de Cemento SA, Bolivia. Sunnier times for the Bolivian cement industry? (Pictured: SOBOCE’s El Puente plant) Bolivia’s economic recovery and particularly the construction sector’s revival is not yet at full speed with the restart ...

Peru sees 10% hike in consumption in April

19 May 2022, Published under Cement News

Cement dispatches in Peru increased 10 per cent YoY to 1.086Mt in April 2022 from 0.984Mt in the equivalent period of 2021, according to cement association, Asocem. Domestic cement production by Asocem members in April 2022 edged up by five per cent to 1.023Mt when compared with 0.973Mt in April 2021. Clinker production increased 63 per cent to 0.783Mt in April 2022 from 0.48Mt in the previous year. Cement exports advanced nine per cent YoY to 14,000t in April 2022, but clinker exports f...

Chile’s cement market contracts 5% in March

19 May 2022, Published under Cement News

Chilean cement consumption decreased five per cent to 365,826t in March 2022 when compared with March 2021 when market volume reached 385,276t, according to the country’s construction association, CChC. However, in the January-March 2022 period demand advanced 12 per cent to 4,336,734t from 3,872,664t in the 1Q21.

Brazilian cement sales down 3% in April

11 May 2022, Published under Cement News

Cement sales in Brazil slipped 2.8 per cent in April 2022 to 5.138Mt from 5.288Mt in April 2021, according to the national cement association, SNIC. The association attributed the drop in sales to geopolitical instability as well as internal factors such as record household debt, high interest rates and the highest inflation recorded in 27 years. However, there are positive trends to be seen. Brazil’s unemployment rate is stabilising at 11 per cent, according to IBGE, Brazil’s statistics...

The low-carbon cement bet

10 May 2022, Published under Cement News

Cementos Argos has developed a low-carbon cement using alkaline activation technology to formulate hybrid cements. This type of green cement allows the increased use of supplementary cementitious materials activated with additives which significantly reduces the clinker content and, therefore, CO 2 emissions. By MF Díaz-Burbano, Cementos Argos, Colombia. To activate the SCM correctly, additives are fed into the process using an accurate dosage system Supplementary cementitio...

Colombian cement market expands 6% in March

10 May 2022, Published under Cement News

Grey cement dispatches in Colombia increased 5.7 per cent to 1.257Mt in March 2022 from 1.189Mt in March 2021, according to the country’s statistics office, DANE. When compared with demand in March 2020, they were up 70 per cent from 0.74Mt. Bulk sales increased by 6.9 per cent YoY while bagged sales saw a more moderate growth of 5.2 per cent in March 2022. Sales to the ready-mix concrete segment saw a 10.1 per cent hike while retail sales increased 6.2 per cent YoY. However, construction ...

Loma Negra reports 1Q22 results

09 May 2022, Published under Cement News

Loma Negra saw its net sales revenue decrease by 5.5 per cent to ARS19.3bn (US$171m) in the first quarter of 2022 as cement and concrete sales declined and improvements in aggregates in the railway segment. Consolidated adjusted EBITDA reached ARS6.484bn, down 11.2 per cent when compared with the 1Q21. The EBITDA margin contracted 214 basis points YoY from 35.7 to 33.6 per cent. The net profit of ARS3.134bn was down 21.3 per cent when compared with the year-ago period. Commenting on the...

Argentina’s cement consumption up 10% in April

09 May 2022, Published under Cement News

The Argentine cement demand increased by 9.6 per cent YoY in April 2022 to reach 1,039,320t, according to the country’s cement association, AFCP. In April 2021 cement’s consumption stood at 947,965t. All cement sold in the country was supplied by domestic producers with no imports reported. Domestic cement plants produced 1,049,302t in April 2022, up 9.8 per cent when compared with April 2021 when 955,508t were produced. Exports were up 32.3 per cent to 9982t in April 2022 from 7543t in ...