Cement News tagged under: South America
Colombian cement dispatches decline 8% in June09 August 2023, Published under Cement NewsColombia cement dispatches were down 7.5 per cent to 1.033Mt in June 2023 when compared with 1.117Mt in June 2022, according to the country’s statistics agency, DANE. Output from domestic producers fell 6.1 per cent YoY to 1.117Mt in June 2023 when compared with 1.189Mt ion June 2022. First half of 2023 In the January-June 2023 period consumption declined by 5.1 per cent YoY to 6.297Mt from 6.638Mt in the first half of 2022. Domestic production decreased by four per cent YoY to 6.886M... |
Argos receives US$272m sustainability-linked loan26 July 2023, Published under Cement NewsColombia’s Banco de Bogotá has disbursed a US$272m sustainability-linked loan to Cementos Argos . The agreement allows a gradual reduction in interest rate subject to the cement producer’s compliance with two environmental indicators: net specific CO 2 emissions and a supplier sustainability assessment. The loan has a repayment term of 60 months with a 24-month grace period. Under the conditions of the loan, the cement company must reduce its Scope 1 net specific CO 2 emissions to 523kg... |
Cementos Pacasmayo sees 9% drop in 2Q net profit24 July 2023, Published under Cement NewsPeru-based Cementos Pacasmayo reported a 12.1 per cent YoY drop in revenues to PEN442m (US$123.4m) in the second quarter of 2023, due to a drop in demand, which was affected by severe rainfall due to cyclone Yaku and a stagnation in public investment as a result of new regional authorities. Sales volumes of cement, concrete and precast fell by 17.9 per cent YoY. The company achieved consolidated EBITDA of PEN112.7m, down 6.5 per cent YoY, due to reduced revenues. However, it saw a consol... |
CEMEX celebrates 25 years of Patrimonio Hoy20 July 2023, Published under Cement NewsPatrimonio Hoy, the flagship of CEMEX ’s social impact strategy, celebrated 25 years of transforming people's lives on 19 July, 2023. Launched in Mexico in 1998, the programme aims to provide access to “dignified, resilient housing” by offering expert building advice, access to micro financing, and building materials. By the end of 2022, the Patrimonio Hoy programme had benefitted 650,000 families, representing over 3m people. According to the company, it was “born from a deep understan... |
Brazilian cement demand up 1% in June17 July 2023, Published under Cement NewsBrazil’s cement market expanded by 1.4 per cent YoY to 5.253Mt in June 2023 from 5.182Mt in June 2022, according to the country’s cement association, SNIC. “Brazil's economy is starting to show signs of recovery with the expectation of growth in the Gross Domestic Product (GDP), control of inflation and improvement in labour market indicators. Even so, the Brazilian cement industry remains cautious in its performance assessment, pointing to stable sales in 2023 compared to the previous year... |
Colombian cement consumption up 2% in May11 July 2023, Published under Cement NewsColombia’s cement market expanded by 2.1 per cent YoY to 1.126Mt in May 2023 from 1.104Mt in May 2022, according to DANE, the country’s statistics office. Sales to ready-mix concrete companies were up 5.8 per cent YoY while retail sales increased by 5.3 per cent YoY in May 2023. However, off-take by construction companies and contractors declined by 12.6 per cent in May 2023 when compared with the year-ago period. Domestic cement production slipped by 1.1 per cent to 1.237Mt in may 2023 w... |
CEMEX's conservation programmes gain WHC certification11 July 2023, Published under Cement NewsCEMEX programmes across ten locations worldwide have earned the Wildlife Habitat Council’s (WHC) Conservation Certification. The recognitions were unveiled during the WHC Conservation Conference in Baltimore, Maryland. Each year, the WHC Awards recognise programmes and projects demonstrating excellence in corporate conservation. Special recognition was given to CEMEX’s El Carmen Nature Reserve, which received the WHC’s Desert Project of the Year award for its work to protect and restore... |
Chile’s cement demand contracts 4% in May 202311 July 2023, Published under Cement NewsChilean cement dispatches declined 3.5 per cent YoY to 318,599t in May 2023 from 330,114t in May 2022, according to the national construction chamber, CChC. However, when compared with April 2023, cement demand increased by 6.2 per cent. In the first five months of 2023, dispatches decreased by 7.8 per cent to 1,544,518t from 1,675,216t in the 5M22. |
Argentina's cement market expands 1% in 1H2307 July 2023, Published under Cement NewsCement dispatches in Argentina declined by 2.1 per cent YoY to 1,080,422t in June 2023 from 1,104,066t in June 2022, according to the country’s cement association, AFCP. When compared with the previous month, dispatches edged up by 0.8 per cent from 1,071,951t in May 2023. The market was entirely supplied by domestic production – no imports were reported. Total production from Argentina’s cement plants slipped 2.4 per cent YoY to 1,082,990t in June 2023 from 1,109,725t in June 2022. However... |
UNACEM Peru sees 20% uptick in sales and record production in 202206 July 2023, Published under Cement NewsPeru-based UNACEM saw its net cement sales increase by 19.7 per cent YoY to PEN2655m in 2022, according to its 2022 integrated report. Total sales reached PEN2835m. EBITDA reached PEN882.3m, up 16.9 per cent YoY when adjusted for other income and costs, while net profit stood at PEN421.5m, up 6.6 per cent YoY. Dispatches increased to 6.666Mt in 2022. Bagged cement dispatches accounted for 68.9 per cent of its sales while bulk cement took a 31.1 per cent share. In addition, the company br... |