Cement News tagged under: South America
Cementos Argos reports 16% rise in EBITDA25 February 2021, Published under Cement NewsColombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of 2020, dispatching 3.96Mt. The rise was attributed in part to greater export activity from Cartagena ... |
Melón and Enel Generación sign renewable energy contract24 February 2021, Published under Cement NewsChile-based Cemento Mélon has signed a contract with Enel Generación for the supply of clean and renewable energy in four of Mélon’s operations: the La Calera, Ventanas and Puerto Montt cement plants and the San Bernardo aggregates facility. The signed agreement will run until 2043 and includes the supply renewable energy from wind, solar, geothermal or hydropower with the option to expand this to more Melón sites in the future, reports Electricidad. ‘We have state-of-the-art technologies... |
Uruguayan market expands by 8% in 202023 February 2021, Published under Cement NewsCement sales in Uruguay increased 34.6 per cent YoY to 251,000t in the fourth quarter of 2020, according to the country’s chamber of industry, CIU. Of this total, 89 per cent or 223,290t were delivered to the domestic market, which expanded by 44.1 per cent YoY to around 257,000t in the 4Q20 from 179,000t in the 4Q19. Around 13 per cent, or 33,710t of Uruguayan demand was covered by imports. In addition, cement producers exported 11 per cent or 27,610t of sales, mainly to Paraguay. In 4Q19... |
Fancesa secures US$72m contract22 February 2021, Published under Cement NewsBolivia-based cement company Fabrica Nacional de Cemento (Fancesa) has been awarded the US$72m contract to supply over 582,000t of cement needed to build Nueva Santa Cruz Ciudad Inteligente project in Santa Cruz, Bolivia. The smart city project belongs to the Lafuente group. The contract follows a year-long negotiation process and was announced by Fancesa and Lafuente in the cement producer’s Sucre facilities. Fancesa will provide mainly IP-30 Lider cement and some IP-40 Superior cement ove... |
Peruvian demand up 18% YoY in January16 February 2021, Published under Cement NewsCement dispatches in Peru increased 18 per cent YoY to 1.059Mt in January 2021 from 0.895Mt in January 2020, reports Peruvian cement association, Asocem. Its members increased their deliveries by 20 per cent YoY from 0.828Mt to 0.995Mt in the same period. Output from Asocem members advanced 23 per cent YoY to 1.024Mt in January 2021 from 0.906Mt in January 2020. Clinker output was up 27 per cent YoY to 0.906Mt from 0.713Mt. To supplement domestic supply, Peru imported 65,000t of cement i... |
Cementos Pacasmayo sees 27% revenue increase in 4Q2016 February 2021, Published under Cement NewsPeru’s Cementos Pacasmayo has announced a 27.1 per cent rise in revenue to PEN475.3m (US$130.4m) in the 4Q20, compared with PEN374m in the final quarter of 2019. Consolidated EBITDA advanced 27 per cent YoY to PEN128.1m from PEN100.9m in the 4Q19. The company’s sales volume of cement, concrete and precast also increased 37.2 per cent YoY during the quarter, reaching historical record levels once again, mainly due to the continued increase in sales of bagged cement. In the full-year 202... |
Brazilian market off to good start in January 202112 February 2021, Published under Cement NewsBrazilian cement demand increased by 10.1 per cent YoY and 7.3 per cent MoM to 5.03Mta in January 2021, according to the country’s cement association, SNIC. Sales per working day were 223,600t, up 7.3 per cent MoM and 17.5 per cent YoY. Deliveries were supported by favourable weather conditions in January as well as the maintenance of real estate works and the latest releases of emergency aid supporting self-construction, reports SNIC. The poor sales performance in January 2020 due to heavy ... |
Cemex reports 10% rise in 4Q20 cement volumes12 February 2021, Published under Cement NewsCemex S AB de CV reports that in the 4Q20 EBITDA grew by double-digit growth YoY. Consolidated net sales increased by nine per cent to US$3.537bn, an increase of one per cent for the full year of 2020 when compared with 2019. Operating EBITDA rose 19 per cent in the 4Q20 to US$644m. Operating EBITDA margin rose by 1.2 percentage points to 18.2 per cent. Foreign debt declined by US$1027m in 2020. "2020 was one of the most challenging years we have faced but itv was also a remarkable ye... |
Bolivian cement demand advances 21% in November05 February 2021, Published under Cement NewsThe Bolivian cement market expanded by 20.9 per cent to 342,743t in November 2020 from 283,404t in November 2019, according to the country’s statistics institute, INE. However, MoM there was a 10.5 per cent decline from 382,944t in October 2020. Cement production in Bolivia surged by 77.3 per cent to 361,363t in November 2020 from 203,779t in November 2019. When compared with the previous month, output slipped 7.4 per cent from 390,321t. |
Argentina's cement market expands 20% in January04 February 2021, Published under Cement NewsCement demand in Argentina increased 20.1 per cent to 895,559t in January 2021 when compared with January 2020, when demand reached 745,681t, according to the country’s cement association, AFCP. The requirement of the market was entirely met by domestic production, which saw a 19.2 per cent rise YoY to 903,756t in the first month of the year. In January 2020 output stood at 758,095t. However, exports declined 34.1 per cent from 12,414t in January 2020 to 8197t one year later. |