Cement News tagged under: South America
Cement sales in Chile fall 10% in March18 May 2023, Published under Cement NewsChile’s cement market contracted by 10.3 per cent YoY to 328,003t in March 2023 from 365,8926t in March 2022, according to the country’s construction chamber, CChC. In the January-March 2023 period sales were down 10.3 per cent to 926,061t from 1,032,001t in the first quarter of 2022. |
Brazilian market sees 11% contraction in April17 May 2023, Published under Cement NewsCement sales in Brazil declined 11.4 per cent YoY to 4.577Mt in April 2023 from 5.164Mt, according to the Brazilian cement association, SNIC. The association attributed the market contraction to rising unemployment, a slow recovery of wages and high interest rates (currently at 13.75 per cent), which all led to a drop in building material sales and a fall in real estate launches and financing. “The results point to a worrying performance of the cement industry in view of the discussions on... |
Empresa Colombiana de Cementos appoints new MD16 May 2023, Published under Cement NewsEmpresa Colombiana de Cementos and its Alión brand have named Martha Patricia Quintero Valderrama as the company’s new managing director. She succeeds Juan Martínez Gilsanz, who will be leading the global business of aluminate cement for the Spanish cement producer. Ms Quintero Valderrama has more than 25 years of experience in the building materials industry and has been Alión’s commercial director for the last five years. In her career she has worked for Holcim and Cementos Polpaico. ... |
Votorantim Cimentos revenue jumps 18% in 1Q2312 May 2023, Published under Cement NewsVotorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 per cent to BRL779m, with a positive impact on the EBITDA margin, which stood at 13 per cent in the 1Q23, marking an increase of four percentage points on the 1Q22. The company ended the 1Q23 with a net profit of BRL78m, reversing the BRL317m loss seen in the first quarter of 2022. Cement sales in the first three month... |
Loma Negra 1Q net profit sees 19% drop11 May 2023, Published under Cement NewsLoma Negra , part of InterCement do Brasil , posted net sales revenues of ARS40,590m (US$197m) in the 1Q23, up 2.9 per cent YoY, on the back of good top line performance of concrete and aggregate segments that offset a drop in cement revenues. Consolidated adjusted EBITDA reached ARS10,636m, down 19.7 per cent YoY in adjusted pesos, while in US dollars it reached US$63m, up 5.8 per cent YoY. The consolidated adjusted EBITDA margin contracted 738 basis points you to 26.2 per cent in the 1... |
Cementos Pacasmayo 1Q net profit down by 5%11 May 2023, Published under Cement NewsRevenues of Peru-based Cementos Pacasmayo SA declined 8.6 per cent YoY to PEN480m (US$131.4m) in the first quarter of 2023. "The intense rains that hit the north of the country, produced by Cyclone Yaku, affected the company's operations, especially in February and March. The foregoing was offset by the increase in average cement and concrete prices compared to 1Q2022," according to a report from Kallpa SAB. EBITDA decreased by 5.3 per cent YoY to PEN120.7m in the 1Q23. However, the EBI... |
Argentina’s market contracts 1% in April10 May 2023, Published under Cement NewsCement sales in Argentina fell by one per cent to 1,028,656t in April 2023 from 1,039,320t in April 2022, according to the country’s cement association, AFCP. All cement was supplied by domestic plants. Output by the country’s cement plants slipped 1.3 per cent YoY to 1,035,525t in April 2023 from 1,049,302t. Of this total, 6870t was exported, down 31.2 per cent from 9982t in April 2022. January-April 2023 For the first four months of 2023 cement consumption in the South American count... |
Osvaldo Ayres new global CEO Votorantim Cimentos, Marcelo Castelli new board member09 May 2023, Published under Cement NewsOsvaldo Ayres Filho, Votorantim Cimentos’ current COO, has been promoted to the position of global CEO of the company. He succeeds Marcelo Castelli, who will become a member of the Board of Directors. Mr Castelli has worked for 26 years at Votorantim SA and became CEO of Votorantim Cimentos in February 2019. Under his leadership, Votorantim Cimentos grew and innovated, made important investments in Brazil, expanded internationally, advanced its go-to-market strategy, strengthened its adjac... |
Cemex sales up 9% YoY in 1Q2303 May 2023, Published under Cement NewsCemex has reported strong results in the opening quarter of 2023 with sales expanding by nine per cent YoY to US$4036m and EBITDA seeing six per cent growth to US$733m, driven by pricing, decelerating input cost inflation, and contributions from the company’s growth investments and urbanisation solutions business. According to the company, the EBITDA margin came in at 18.2 per cent with a significant sequential improvement of 1.9 percentage points. The Urbanisation Solutions business repor... |
Colombian cement consumption declines 8% in March03 May 2023, Published under Cement NewsCement dispatches in Colombia fell 7.5 per cent YoY to 1.163Mt in March 2023 from 1.257Mt in March 2022, according to national statistics agency, DANE. While deliveries of bulk cement edged up by 0.8. per cent YoY, reflecting 3.5 per cent growth in the ready-mix concrete segment market in March 2023, bagged cement sales were down 11.2 per cent yoY as construction companies and contractors reported a 13.6 per cent contraction and the off-take by the retail sector dropped by 11.5 per cent wh... |