Cement News tagged under: Uruguay

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FLSmidth awarded Uruguay cement plant contract

04 August 2017, Published under Cement News

FLSmidth has been awarded an order from Cielo Azul Cementos y Calizas SA for engineering, procurement and supply of equipment for a complete cement plant near the city of Treinta y Tres, approximately 300km from the capital of Uruguay, Montevideo.   The order comprises a complete range of equipment from crushing to packing and a palletising system. FLSmidth will deliver state-of-the-art energy-efficient technology including vertical roller mills for raw, coal and cement grinding, FLSmidth Cr...

Uruguay: Ancap to reduce staff by a third

07 April 2017, Published under Cement News

Ancap will reduce its number of employees by a third, according to the Uruguayan cement producer’s President, Marta Jara. While the step is part of a cost-reduction programme, the company said it will keep its three cement plants operational. Ms Jara stressed the need to "reorganise work, including automation, improving working conditions, avoiding overtime and overlapping of work."

Uruguay: Ancap to make further production cuts

20 March 2017, Published under Cement News

Ancap is expected to make cuts in overtime, security and cleaning personnel to move the company's results closer to the black while keeping both plants at Minas and Paysandú operational, according to the newspaper El País de Montevideo. Losses at the companies reached US$207m in the past decade with 2016 results indicating a loss of US$25m. To return Ancap to profitability, the company’s syndicate has proposed to access international reserves to install a third kiln line at Paysandú, part...

Uruguay: government-owned plants losing money

20 February 2017, Published under Cement News

Uruguay's budget deficit reached four per cent of GDP during 2016, equivalent to US$2.043bn, the worst performance since 1989, according to the latest figures released by the government's statistics office, INE. 2015 ended with a budget deficit of 3.6 per cent of GDP, which also set a record only comparable to 2002 (3.7 per cent). Government-owned cement plants have been losing money at a rate of US$40m/year. Equipment to renew one of its plants, including a kiln costing over US$200m, is ...

ANCAP to shed 200 jobs during its restructuring

13 February 2017, Published under Cement News

While ANCAP is expected to hold onto its three cement units, the restructuring of the company will see the dismissal of 200 personnel. Staff have received the “commitment” from the company’s general manager, Ignacio Horvath, and the Portland Division Manager, Fernando Acuña, that the plants of Paysandú and Minas as well as the Manga distribution centre will remain open. In the past decade the Uruguayan cement producer has reported  losses of US$200m.

Uruguay: Ancap to explore export potential

25 November 2016, Published under Cement News

Uruguay’s Ancap Board of Directors has approved a memorandum of understanding with Cimsa to explore over the next 90 days the potential of an alliance that will help Ancap export cement. Ancap’s cement division suffered losses of US$30m in 2015 with a similar amount expected this year. While the company has reported losses for a considerable time, these have increased in recent years. The company operates a cement plant in Lavalleja and Paysandú and has invested US$80m in a new oven, but ...

Uruguay: ANCAP official speaks out about Turkish imports

08 November 2016, Published under Cement News

Artigas González of the Federación ANCAP (FANCAP) and member of the Portland commission of the ANCAP workers guild, said Cementos Charrúa (Cimsa) is currently importing bagged cement from Turkey and repackaging it under a Uruguayan brand for marketing, according to El Observador.

"It comes in the form of dumping (below its cost of production) and at a price that is unfair competition," he said. FANCAP has made a formal proposal to the Ministry of Industry, Energy and Mining to review the...

Molins sees net 1Q15 profit up 132%

14 May 2015, Published under Cement News

Spanish cement producer Cementos Molins reported a net profit of EUR15.1m in 1Q15, up 132 per cent YoY from EUR6.5m in 1Q14. Although domestic sales improved by 7.1 per cent, the company said the advance was “insufficient”. EBITDA reached EUR2.1m, but net profit remained in the red. Its Mexican subsidiary Corporación Moctezuma posted a 37.3 per cent rise in sales while Argentina’s Cementos Avellaneda saw revenues increase by 51.1 per cent. In Uruguay, Cementos Artigos saw a 34.3 per cent i...

Cementos Molins posts 1Q14 net profit of EUR6.5m

21 May 2014, Published under Cement News

Spain-based Cementos Molins released its first-quarter 2014 results, showing a net consolidated profit of EUR6.5m, up 37 per cent when compared to 1Q13. The group’s domestic companies saw a loss of EUR7.4m although they ‘improved’ their YoY results by increasing clinker exports and implementing cost-cutting measures, helping to mitigate the effect of lower sales in Spain. Cementos Molins’ overseas subsidiaries posted a net profit of EUR14m on the back of increased sales by Corporación M...

Ancap notes record loss for 2013

12 May 2014, Published under Cement News

Uruguay’s Ancap closed 2013 with a record loss of US$150m. The company attributed the result partly to developments in the exchange rate, which impacted the cement producer significantly as it borrows in US dollars. However, Ancap has been able to pay the US$513m debt with PDVSA, allowing it to reduce its dollar position and limiting the 2013 loss. CEO, José Coya, said the company will design a “stabilisation programme.” In 2012, Ancap registered a loss of US$14m while in 2011, this ...