Cement News tagged under: South America

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Bolivian cement market contracts 13% in February

11 May 2021, Published under Cement News

Bolivia’s cement consumption slipped 13.3 per cent from 262,895t in February 2020 to 228,018t in February 2021, according to the country’s statistics office, INE. Output from domestic cement plants dropped 11 per cent to 223,272t in February 2021 from 250,821t in the equivalent period of the previous year. January-February 2021 Demand for cement reached 458,335t in the first two months of 2021, down 19.1 per cent from 566,514t in the January-February 2020 period. Production by Bolivia...

Colombian cement consumption advances 61% in March

10 May 2021, Published under Cement News

Cement sales in Colombia increased 60.7 per cent to 1.189Mt in March 2021 from 0.74Mt in March 2020, according to DANE, the country’s statistics office. Sales in the retail sector were up 76 per cent YoY while ready-mix concrete companies saw a 47 per cent hike. Construction companies and contractors increased their offtake by 39.6 per cent YoY. Sales in Bogotá increased by 64.1 per cent YoY while Cundinamarca posted a similar increase of 64.9 per cent. Valle del Cauca saw its market expan...

Argentina's cement market shows 135% YoY growth

07 May 2021, Published under Cement News

Cement demand in Argentina surged 134.6 per cent YoY to 956,373t in April 2021, according to the country’s cement association, AFCP. However, this does compare to the low base of April 2020, which was considered the worst month of 2020, and is down 2.8 per cent from last month’s results. The country’s demand of 948,830t was entirely met by domestic production, while 7543t were exported. April’s result also marks eight consecutive months of growth in cement consumption. Over the first four...

CSN reports stable quarterly cement performance

05 May 2021, Published under Cement News

Brazil-based cement producer CSN said 1Q21 net revenue for its cement division reached BRL277m (US$50.9m). The company said this was a “stable performance compared to the previous quarter, even considering a lower sales volume (-3.6 per cent) caused by seasonality.”   The company also reported marginally higher unit costs due to a maintenance outage which led to an EBITDA of BRL103m, with an EBITDA margin of 37.2 per cent.   According to the latest data by the National Union of the Cement In...

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...