Cement News tagged under: South America

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Loma Negra sells majority stake in Yguazú Cementos

27 August 2020, Published under Cement News

Argentina-based Loma Negra (Intercement) has sold its 51 per cent majority stake in Paraguay’s Yguazú Cementos. The value of the deal was not announced, but the company had been valued at US$80m. The buyer was a local shareholder company ConcretMix (owned by Grupo Bogarín), according to a note sent to Argentina’s National Securities Commission. Loma Negra is expected to use the funds from the transaction to pay its debt with local banks. In 2000 Intercement founded Yguazú Cementos in partn...

Chilean cement market contracts 14% in 6M20

26 August 2020, Published under Cement News

Cement dispatches in Chile fell 15.4 per cent YoY in May 2020 to 291,781t from 345,001t in May 2019, according to the Chilean Chamber of Construction (CChC). In June the market continued to contract, with sales down 26.9 per cent YoY to 213,502t from 291,979t in June 2019. In the first six months of 2020 demand in the South American country declined 13.7 per cent YoY to 1,781,388t from 2,065,205t in the 6M19.

Cementos Pacasmayo begins terminal operations

25 August 2020, Published under Cement News

Peru’s Cementos Pacasmayo has resumed operations from the port terminal of Yurimaguas, Loreto, distributing 60,000 bags of cement to Iquitos. The company operates in the port through its subsidiary, Cementos Selva, which has a 4.9Mta plant in Rioja. The operations were launched in mid-August with the arrival of several vessels, which will set sail for Iquitos while complying with all COVID-19 safety protocols.

Yguazu stops production due to transformer issues

24 August 2020, Published under Cement News

Paraguay’s Yguazu Cement stated on social media that it stopped production on 12 August 2020 due to an issue with a transformer. The producer continued dispatching cement until 14 August 2020, when its supplies ran out. While it has not yet been able to find a similar transformer locally, it may either rent generators or even import cement, according to reports. The news follows the country’s construction sector recently reporting a cement shortage .

Paraguay's construction sector reports cement shortage

21 August 2020, Published under Cement News

Construction firms in Paraguay are reportedly seeing cement shortages as they face problems with bringing cement into the country, according to Ultima Hora. The state-run cement producer, INC has stated that the cost of cement remains the same and that it increased production and deliveries in August 2020. However, the company can only meet around 60 per cent of domestic demand. Cement prices have reportedly increased to PYG58,000/bag (US$9.83) per bag. In August 2020, INC delivered 60,0...

Argos recognised as top innovation company

21 August 2020, Published under Cement News

Argos has achieved fourth place from 242 entrants in the annual measurement carried out by the Colombian National Association of Entrepreneurs (ANDI), in alliance with the Dinero Magazine. The accolade places Argos as one of the most innovative companies in Colombia. Among the achievements that Argos has been credited for is the generation of more than 25 per cent of its income from innovation, the start-up of the new clay thermal activation line for the production of green cement, and ...

Uruguay sees exports rise in the 2Q20

20 August 2020, Published under Cement News

Cement sales in Uruguay reached 166,074t in the second quarter of 2020, a 3.9 per cent drop YoY, according to data from the Chamber of Industries. Of the total, 97 per cent were domestic sales and three per cent were exports, mostly to Paraguay. Domestic sales were down 4.1 per cent YoY, but exports climbed 3.9 per cent.

Peru’s cement market recovers, exports remain low in July

14 August 2020, Published under Cement News

Cement dispatches in Peru are recovering from COVID-19 disruption. In July 2020, 0.826Mt of cement was delivered to the domestic market, according to Asocem. While still 5.7 per cent below the July 2019 level of 0.876Mt, when compared with June 2020, there was a 39 per cent surge from 0.594Mt. Cement exports remained modest at 6700t, edging up by 4.4 per cent when compared with June 2020. However, compared with July 2019, when 19,300t was exported, they noted a 65.4 per cent drop. Clinker e...

InterCement appoint new chairman

13 August 2020, Published under Cement News

InterCement Participações SA reports that Franklin Feder has resigned from the Board of Directors of InterCement after nearly three years and Wilson Nelio Brumer becomes the new chairman of the Board of Directors. Mr Brumer has worked as CEO at Vale, Acesita and Usiminas and brings experience form being on the Board of Directors at BHP Billiton, Cemig, CCR, Direcional Engenharia, Embraer, Localiza, Metso and Fundação Renova.

Brazil's cement market expands in July but outlook uncertain

12 August 2020, Published under Cement News

Cement sales in Brazil increased 18.9 per cent YoY to 5.9Mt, according to the country's cement association, SNIC. Cement sales per working day edged up 2.4 per cent MoM. It follows a recovery first noted in the second quarter of the year following reduced consumption in January and February due to heavy rains and COVID-19 lockdown measures in March. Private self-construction has benefitted from the drive to transform homes into places of work while SMEs have decided to carry out maintenan...