Cement News tagged under: South America

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Loma Negra reports 1Q22 results

09 May 2022, Published under Cement News

Loma Negra saw its net sales revenue decrease by 5.5 per cent to ARS19.3bn (US$171m) in the first quarter of 2022 as cement and concrete sales declined and improvements in aggregates in the railway segment. Consolidated adjusted EBITDA reached ARS6.484bn, down 11.2 per cent when compared with the 1Q21. The EBITDA margin contracted 214 basis points YoY from 35.7 to 33.6 per cent. The net profit of ARS3.134bn was down 21.3 per cent when compared with the year-ago period. Commenting on the...

Argentina’s cement consumption up 10% in April

09 May 2022, Published under Cement News

The Argentine cement demand increased by 9.6 per cent YoY in April 2022 to reach 1,039,320t, according to the country’s cement association, AFCP. In April 2021 cement’s consumption stood at 947,965t. All cement sold in the country was supplied by domestic producers with no imports reported. Domestic cement plants produced 1,049,302t in April 2022, up 9.8 per cent when compared with April 2021 when 955,508t were produced. Exports were up 32.3 per cent to 9982t in April 2022 from 7543t in ...

Cementos Pacasmayo posts 44% rise in 1Q net income

28 April 2022, Published under Cement News

Peru-based Cementos Pacasmayo reported a 13 per cent YoY increase in revenues to PEN525.4m (US$137.3m) in the 1Q22, primarily due to the rise in average prices of bagged cement as sales volumes of cement, concrete and precast fell by 5.3 per cent from 933Mt in the 1Q21 to 883.8Mt in the 1Q22. Although the company was impacted by a temporary decrease in sales to reconstruction-related projects and self-construction, the market has seen a pick-up in March. Consolidated EBITDA advanced 21.3...

Cementos Argos sets up Bermudan business unit

26 April 2022, Published under Cement News

Colombia-based Cementos Argos SA has set up a new wholly-owned subsidiary, BMR Ltd. The new business unit in Bermuda is part of the company’s risk management strategy. With the new company, it aims to stabilise the total cost of risk in the long term, intervene more actively in the reinsurance and insurance market as well participate in taking predictable risks that have been studied and over which Argos has control. The creation of the company constitutes the implementation of "a good ...

Peruvian cement market expands 8% in March

20 April 2022, Published under Cement News

Cement dispatches in Peru increased eight per cent YoY to 1.173Mt in March 2022, according to the country’s cement association, Asocem. In March 2021 dispatches were at a level of 1.089Mt. Domestic cement production by Asocem members advanced 11 per cent YoY to 1.121Mt in March 2022 when compared to 1.006Mt in March 2021. Clinker production increased by a third to 939,000t from 708,000t over the same period. The country’s cement output was supplemented by 50,000t of cement imports in Mar...

Argentine cement market expands 8% in March

13 April 2022, Published under Cement News

Argentina’s cement demand increased 7.5 per cent YoY to 1,047,194t in March 2022 when compared with March 2021, when consumption reached 974,347t, according to the country’s cement association, AFCP. When compared with the previous month, demand increased by 11.6 per cent. The demand was entirely met by domestic production, which saw a 7.6 per cent uptick YoY to 1,058,655t from 983,867t in March 2021. When compared with February 2022, the increase was 11.6 per cent. Of the total output, ...

Brazil cement sales stable in March

12 April 2022, Published under Cement News

Cement sales in Brazil remained stable at 5.5Mt in March 2022 when compared with March 2021, according to the country’s cement association, SNIC. When compared with February 2022, sales increased 14.6 per cent. "Sales in January this year were 8.2 per cent below January of last year. With the rains, it was not possible to distribute anything. Since then, we are recovering, month by month, the cement sales volume", says Paulo Camillo Penna, SNIC president. Sales were also impacted by the ris...

Holcim Argentina warns of gas shortage stopping kilns over winter

06 April 2022, Published under Cement News

Holcim Argentina’s CEO, Christian Dedeu, has warned that clinker production at its plants could come to a halt as he has no guarantee that there will be gas to fire the kilns this coming winter (June-August 2022). “We do not have guaranteed gas for the winter, which puts cement production at risk. The impact can be very strong for the construction activity,” said Mr Dedeu. Moreover, gas prices remain sky-high and the rise in production costs is difficult to offset. However, the company is ...

Chilean cement market contracts 9% in February

05 April 2022, Published under Cement News

Cement dispatches in Chile declined by 9.3 per cent in February 2022 to 318,964t from 351,735t in February 2021, according to the Chilean cement and construction chamber, CChCC. MoM the decline was 8.1 per cent from 347,211t in January 2022. In the first two months of 2022 total domestic dispatches reached 666,175t, down 4.6 per cent YoY when compared with 698,198t in the 2M21.

Colombian cement market expands 3% in February

04 April 2022, Published under Cement News

Domestic dispatches in Colombia edged up by 2.6 per cent to 1.107Mt in February 2022 from 1.079Mt in February 2021, according to the country’s statistics office, DANE. Dispatches were up 9.2 per cent YoY in terms of bulk cement but slipped 0.2 per cent for bagged cement, reflecting the seven per cent advance in dispatches to ready-mix concrete companies. However, construction companies and contractors reduced their off-take by 4.9 per cent YoY in February 2022. Sales to the retail sector r...