Cement News tagged under: Unacem

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UNACEM sees contracting 2Q profit margin

23 August 2022, Published under Cement News

Peru-based UNACEM reported a consolidated net profit of PEN110.8m (US$26.7m), up 25.8 per cent YoY, as the company’s revenues increased and interest expenses fell. However, the cost of sales was higher than expected, impacting YoY profit margins. UNACEM’s consolidated revenues reached PEN1429.6m, up 19.8 per cent YoY as cement sales volumes increased in Peru (+13.8 per cent) and the USA (+15.7 per cent) while ready-mix sales volumes were up 54 per cent in Chile and by 34 per cent in the USA...

Eduardo Sánchez takes over management of Unacem Peru

23 December 2021, Published under Cement News

Eduardo Sánchez Verdejo has taken over the general management of Unacem Peru. At the same time, Mr Sánchez will continue to fulfill the role of Corporate Industrial Vice President of Unacem Group, a role he has been performing since February 2021. He has more than 25 years of experience in the cement industry. In addition to his long career at Unacem, Mr Sánchez has been alternative fuels manager at Lafarge Ecocem, as well as production, optimisation and quality manager at Lafarge’s Montcad...

Peruvian cement industry gears up for low-carbon times

17 December 2021, Published under Cement News

This week, FLSmidth announced that it would be supplying a new pyroprocessing line to Cementos Pacasmayo in Peru. When completed, the project will turn Cementos Pacasmayo into the country's largest cement producer in terms of capacity. As a low-emissions solution, the project is part of a trend among cement producers to increasingly invest in more efficient capacity additions that support the industry's decarbonisation drive. Despite a 75.5 per cent rise in cement capacity from 11Mta in 2010...

UNACEM acquires Cementos La Union's operations in Chile

11 October 2021, Published under Cement News

Spain-based Cementos La Unión has closed a deal to sell its operations in Chile to UNACEM, following approval from the National Economic Prosecutor of Chile (FNE) last March. The transaction is valued at US$23m, which includes both the value of the purchase and the existing debt of the subsidiary.  The acquisition will see the transfer of a 300,000tpa grinding and packing plant located in San Antonio, Valparaíso region, as well as two concrete plants.

Peru's cement producers see impact of COVID-19 crisis

21 April 2020, Published under Cement News

The energy demand of Peruvian cement mills has reportedly fallen more than 90 per cent in recent weeks due to lower utilisation rates as a result of the COVID-19 pandemic. "They have temporarily suspended their operations and that of their subsidiaries. Plants are running to a minimum, just a few furnace maintenance issues," said Flor Felices, analyst at Intéligo SAB. The impact of the coronavirus on the construction industry has reduced cement demand. As a result, Unacem has projected...

Connected manufacturing

20 January 2020, Published under Cement News

The abundant and growing quantity of operational data and events collected in real time opens the door for improvements across the cement manufacturing process instead of only in specific areas. Operational data from existing devices and sensors that support automation and control systems can help increase asset availability, reduce energy costs and improve process efficiency. However, this is just the start of the potential offered to the industry by new technologies based on operational da...

Unacem 2Q net profit doubles to PEN97m

22 August 2019, Published under Cement News

Consolidated revenues of Peru-based Unacem increased 8.3 per cent YoY to PEN1.041bn (US$308.3m) in the second quarter of 2019 as a result of higher cement and ready-mix volume sales in Peru, higher prices in the USA, increased energy generation and the incorporation of seven newly-acquired ready-mix sites in Chile, said the company. Consolidated EBITDA in the 2Q19 advanced 4.4 per cent PEN302m when compared with the 2Q18 while the second-quarter EBITDA margin slipped to 29 per cent from 30...

Peru’s judicial power ratifies fines for Unacem

29 May 2019, Published under Cement News

Peruvian cement production Unacem and its distributors saw a UIT1614 (PEN6.7m – US$2m) fine imposed by Indecopi in 2014 for anticompetitive practices, ratified by the country’s Third Chamber of Constitutional and Social Transitional Law of the Supreme Court.  The supervising body had sanctioned the companies Unacem, La Viga, A Berio & Cia, Manufactures of Commercial and Industrial Steel and 17 natural persons for "unreasonably and unjustifiably refused to sell cement Sol (manufactured by U...

Unacem reports 6% rise in sales but 48% drop in net profit

30 January 2019, Published under Cement News

Peru-based Unacem has reported 4Q18 sales of PEN507.8m, up 5.6 per cent when compared with sales of PEN481m in the equivalent period of the previous year. Operating profit increased by 16 per cent to PEN121.6m in the 4Q18 from PEN104.8m in the 4Q17. However, after financial expenses of PEN-101.3m, financial income of PEN3m, net exchange differences of PEN-32.7m and income tax expenses of PEN682,000, the quarter’s net profit reached PEN-10.2m. In terms of Unacemen’s dispatches, these rose by...

Unacem shareholders to discuss merger with Inversiones Andino

04 December 2018, Published under Cement News

Peru-based Unacem reported that its general meeting of shareholders will evaluate the proposal between the company and the Investment and Administration Trade Union, Inversiones Andino and Inmobilaria Pronto. The cement company explained that the main objective of the merger is to consolidate in Unacem the knowledge, strategies, experiences, specialisations, rights and other assets developed and managed by the three societies that would be absorbed. It also seeks to extinguish the contract...