Cement News tagged under: South America
Cemento Polpaico sees revenues double in 1H2131 August 2021, Published under Cement NewsChile-based Cemento Polpaico reported a surge in consolidated revenues from CLP76,528m in the 1H20 to CLP152,376m in the 1H21. Profit before tax reached CLP9361m, reversing a loss of CLP8424m in the 1H20. Net profit reached CLP6833m in the 1H21, from a loss of CLP5862 in the 1H20. The results include the consolidation of Cementos Bicentenario. The company’s cement business saw its revenues increase to CLP148,644m in the 1H21 from CLP74,634m in the 1H20 while revenues in its sand business w... |
Colombia's tax change may impact Argos valuation30 August 2021, Published under Cement NewsColombia's Congressional Economic Committees have voted in support of the tax change proposed by Iván Duque's government, a step that could impact the valuation of domestic cement producer Argos, according to a report by UBS. The project, also known as social investment, targets an additional COP15.2bn (US$3.97m) to the state purse and UBS research expects a 35 per cent increase in corporate taxes and a 38 per cent in financial sector taxes. While the tax change is expected to improve Colo... |
Fives Pillard complete kiln burner renovation30 August 2021, Published under Cement NewsFives Pillard has transformed an old burner (from another brand), into a multifuel-fired Pillard N OVAFLAM ® burner, allowing it to fire both gas and petcoke at a South American cement plant. Fives Pillard's renovation will enable the plant to r educe the amount of kiln dust, limit the specific consumption and t ake advantage of Fives' expertise in rotary kiln burners to improve the clinker's crystallography. The solution provided by Fives' technical teams was to keep the whol... |
Peru sees demand up 26% in July 202119 August 2021, Published under Cement NewsPeru’s cement market grew 26 per cent YoY to 1.135Mt in July 2021, compared with 0.904Mt in the year-ago period, according to the country’s cement association, Asocem. Cement production also advanced 29 per cent to 1.063Mt in July 2021 against 0.821Mt in the same month of 2020. Compared to July 2019, production climbed 24 per cent from 0.858Mt. Cement exports rose 171 per cent YoY to 18,200t, while clinker exports reached 66,200t (-26 per cent from June 2021). Elsewhere, cement imports ... |
Loma Negra records 47% advance in net revenue13 August 2021, Published under Cement NewsArgentina's Loma Negra has reported a 46.6 per cent YoY increase in net revenue to ARS14.269bn (US$147m) in the quarter ending 30 June 2021, mostly driven by its cement segment. Its consolidated adjusted EBITDA also climbed 74.1 per cent YoY to ARS4354m, with the EBITDA margin expanding from 25.7 per cent to 30.5 per cent. "We are pleased to announce another quarter with an excellent performance. Demand continues with a strong momentum and, after several quarters of recovery, is now exceedi... |
Brazil's cement market expansion decelerates in July11 August 2021, Published under Cement NewsCement sales in Brazil remained almost level in July 2021 at 5.9Mt, representing a 0.1 per cent YoY increase from 5.897Mt in July 2020, according to SNIC, the industry’s professional body. All regional markets, except for the South, showed small to moderate contractions. In the South sales were up 9.9 per cent to 1.019Mt, but at the other end of the spectrum sales in the Northeast, the country’s second-largest market, were down four per cent to 1.158Mt. The key Southeast market contracted ... |
Chile’s cement market expands 67% YoY in June 202109 August 2021, Published under Cement NewsChilean cement consumption advanced 66.7 per cent YoY in June 2021 to 355,851t when compared with the 233,186t reported in June 2020 and by 21.9 per cent when compared with June 2019, according to the Chilean Construction Chamber, CChC. In the January-June 2021 period, dispatches were up 20.5 per cent YoY to 2,145,846t from 1,781,388t in the 1H20. When compared with the first six months of 2019, when dispatches reached 2,065,205t there was a 3.9 advance. |
Argentina’s producers enjoy pick-up in domestic and export demand in July05 August 2021, Published under Cement NewsArgentina’s cement consumption increased 20.9 per cent YoY and 8.5 per cent MoM to 1,043,388Mt in July 2021 from 862,675t in July 2020 and from 961,512t in June 2021, according to the country’s cement association, AFCP. The domestic market was entirely supplied by local production, which advanced by 21.4 per cent YoY and 8.5 per cent MoM to 1,053,344t from 867,641t in July 2020 and from 970,712t in June 2021. Of total output, 9956t was exported in July 2021, representing a 100 per cent incr... |
Colombian market expands 18% in June04 August 2021, Published under Cement NewsCement consumption in Colombia reached 1.072Mt in June 2021, up 18.4 per cent when compared with 0.905Mt in June 2021 and by 9.5 per cent per cent when compared with 0.979Mt reported in June 2019, according to DANE, the country’s statistics office. Retail sales advanced by 18.3 per cent in June 2021 while offtake from ready-mix concrete companies was up 18.3 per cent when compared with June 2020. Construction companies and contractors increased their purchases by 14.5 per cent YoY. Produ... |
Bolivia's cement market expands 125% in May03 August 2021, Published under Cement NewsBolivian cement demand advanced 125 per cent to 295,026t in May 2021 when compared with the low base of 131,101t in May 2020, according to Bolivia’s statistics office, INE. When compared with May 2020, it contracted by 6.4 per cent from 309,393t in May 2019. Output from domestic cement producers surged 92.8 per cent to 307,004t in May 2021 from 159,201t in the year-ago period. When compared with May 2019, it slipped 2.6 per cent from 315,293t. January-May 2021 Cement consumption reached ... |