Cement News tagged under: South America

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Peru's cement demand to recover in 2H

08 July 2020, Published under Cement News

Scotiabank forecasts a recovery in Peruvian cement consumption with 3Q demand expected to be close to 2Mt, double the demand reported in 2Q. "We estimate that domestic cement consumption has exceeded 500,000t in June, the highest level in the last three months, but still notably less than 984,000t in June 2019," predicts Scotiabank. However, consumption in 3Q20 should remain 30 per cent below the level noted in 3Q19. "While we expect cement consumption to continue its gradual recovery dur...

Bolivian cement demand falls 34% in 4M20

06 July 2020, Published under Cement News

Cement consumption in Bolivia has declined 34.2 per cent YoY in the 4M20 as a result of the quarantine imposed due to the COVID-19 pandemic, according to the Bolivian statistics agency, INE. Total consumption in the January-April 2020 period reached 787,586t. In January demand was 10.2 per cent YoY to 303,589t while in February consumption fell 11.3 per cent YoY to 262,895t. However, on 22 March the Bolivian imposed a 14-day lockdown, which was extended to 30 April and again to 11 May. As ...

Argos makes top 5 in FTSE4Good World Index for corporate governance in construction sector

03 July 2020, Published under Cement News

Argos has been chosen as one of the top five companies in the world in the construction materials sector with the best corporate governance, environmental and social management practices, by the FTSE4Good World Index. "We are very proud to receive this recognition that highlights our teamwork and the great achievements we have obtained as a company in managing sustainability and creating value," said Maria Isabel Echeverri, legal and sustainability vice president at Argos.

Work on Potosí to resume

01 July 2020, Published under Cement News

Construction work on the new state-owned Potosí cement works in Bolivia will resume in July, according to House of Representatives member Gonzalo Barrientos. "In July, the works of the Potosí cement factory will restart, which is part of the economic reactivation measures. In five months, the project for provisional delivery will be completed," said Mr Barrientos. Pending resources will be transferred to the company in charge of project implementation so the work can be resumed. In addi...

Paraguay’s INC ensures cement supply for public works

17 June 2020, Published under Cement News

Paraguay’s Industria Nacional de Cemento (INC) is guaranteeing the supply of cement to public works during the COVID-19 health emergency, reports the official news agency, Agencia de Información Paraguaya (AIP). In March and April 2020 it sold 1,392,612 bags of cement, with a daily production of 50,000 bags, or around 2500tpd. At present, the company is on track to supply the market with 0.6Mta. INC head, Ernesto Benítez, told AIP that the company plans to ensure the requirement of public ...

Peru’s cement demand plummets by 69% in May

16 June 2020, Published under Cement News

Cement consumption in Peru fell by 69.1 per cent YoY to 298,300t in May 2020, according to the country’s cement association, Asocem. Cement production fell by 70 per cent to 263,000t in May 2020 when compared with May 2019 but recovered considerably when compared with April 2020 when COVID-19 impacted operations at the country’s cement plants. Clinker output fell 93.9 per cent YoY to 46,000t. Domestic production was supplemented in May 2020 by 32,000t of cement imports, down 35.1 per cen...

Chilean cement demand down 23% in April

12 June 2020, Published under Cement News

Cement consumption in Chile contracted by 22.9 per cent YoY to 268,319t in April 2020 from 348,151t in April 2019, according to the Chilean construction chamber, CChC. In the January-April 2020 period, demand for cement in the South American country declined 10.7 per cent YoY to 1,276,105t. In the 4M19, 1,428,225t of cement was sold on the domestic market.

Start-up of Fancesa project postponed to 1Q21

10 June 2020, Published under Cement News

The coronavirus pandemic has seen a readjustment of the work schedule of the new plant being built in Sucre, Bolivia, by Fancesa as COVID-19 forced a 70-day quarantine upon the project. Start-up of the cement plant is now expected in the first quarter of 2021. While the project currently stands at 91 per cent completion, the remaining share of the work is the “most complicated”, according to Armin Cortez, chairman of the Board. "It should be remembered that we have had setbacks not only d...

Brazil's cement demand rises 3% in May

09 June 2020, Published under Cement News

The Brazilian cement market expanded by three per cent YoY to 4.761Mt in May 2020, according to the country’s cement association, SNIC. Between January-May, dispatches slipped 0.3 per cent YoY to 21,683Mt. The volume of sales per working day was 211,600t, up 9.7 per cent when compared with May 2019 and by 13.7 per cent when compared with April 2019. In the 5M20, sales per working day edged up 0.9 per cent YoY. While building material stores fell sharply in March, they have since recovere...

Colombian cement market contracts 76% in April

02 June 2020, Published under Cement News

Dispatches of grey cement in Colombia declined 75.6 per cent to 241,900t in April 2020 from 991,100t in April 2019, according to the national statistics office, DANE. Consumption in some of the country’s key cement markets were particularly hit. Sales in Antioquia were down 13.3 per cent, followed by Bogotá (-9.8 per cent), Cundinamarca (-6.8 per cent) and Valle del Cauca (-6.5 per cent) Deliveries to the retail sector fell by 64.5 per cent, while ready-mix concrete companies reduced thei...