Cement News tagged under: argentina
The next 50 years at San Luis16 December 2019, Published under Cement NewsTo meet Argentina’s growing need for sustainably-produced cement, Cementos Avellaneda is expanding its San Luis cement plant in La Calera with a new 2000tpd clinker line. With 1Mta of cement capacity, the project is aimed at better serving the company’s markets while improving the plant’s competitiveness and environmental performance. By Luis Montilla, Cementos Avellaneda, Argentina. A primary jaw crusher and two secondary cone crushers (pictured) crush the raw material A joint ... |
Loma Negra plans to refinance US$40m debt16 December 2019, Published under Cement NewsArgentina-based Loma Negra is looking to refinance the US$40m debt that requires repaying in January 2020. The loan was taken out at under seven per cent interest. The refinancing targets a maturation in 2022 at 10 per cent interest rate to enable the company to proceed with its US$350m investment project. If it is successful, it will have US$100m in cash reserves to complete the investment plant by mid-2020, said Sergio Faifman, CEO of Loma Negra. The plan expects to raise capacity at its... |
Holcim Argentina appoints Christian Dedeu as CEO10 December 2019, Published under Cement NewsHolcim Argentina will have a new CEO from January 2020. The company named Christian Dedeu, the first Argentinian to be appointed in the top job. Christian holds an economics degree from Universidad del Salvador as well as an MBA from the Universidad Austral. He has been employed by LafargeHolcim since 2007 and has served in various commercial, marketing and retail roles in Argentina and Costa Rica. “I feel very happy and proud to lead the Holcim Argentina team and continue betting on the... |
Argentina’s cement demand falls 10% in November05 December 2019, Published under Cement NewsThe Argentine cement market contracted by 10.1 per cent to 872,177t in November 2019 when compared with November 2018, when demand reached 970,181t, according to its domestic cement association, AFCP. The country’s market requirement was entirely supplied by domestic cement producers as no imports were reported. In addition, the country’s cement producers exported 12,373t of cement, representing a 21.2 per cent increase in export sales. January-November 2019 In the January-November 2019 ... |
Loma Negra records 2% fall in revenue for the 9M1908 November 2019, Published under Cement NewsArgentina's Loma Negra has recorded a 2.3 per cent fall in net revenue to ARS26.74bn (US$448m) in the first nine months of 2019, compared with ARS27.36bn in the year-ago period. However, the net profit surged 176.8 per cent to ARS2.6bn from ARS944m. Adjusted EBITDA in the 9M19 climbed nine per cent YoY to ARS7.45bn from ARS6.8bn, while the margin increased to 27.8 per cent from 25 per cent in the 9M18. Argentine sales volumes of cement, masonry and lime in the 9M19 decreased 10.4 per cen... |
Argentina's cement market contracts 9% in October08 November 2019, Published under Cement NewsArgentine cement consumption fell 8.8 per cent YoY to 948,930t in October 2019, from 1,040,317t in October 2018, according to the country’s cement association, AFCP. When compared with September 2019, demand edged up by 1.1 per cent from 938,994t. All cement was supplied by domestic producers as imports remained at zero. In October 2018 the country imported 120t. Total output in October 2019 declined 8.5 per cent YoY to 958,949t from 1,048,477t in the year-ago period although MoM there was... |
Loma Negra to hire 120 workers for L'Amali II17 October 2019, Published under Cement NewsArgentine cement producer Loma Negra announced it will hire 120 workers for the new line at its US$350m L'Amalí II plant in Bonaerense de Olavarría, Argentina. Of the 120 new positions, 80 will be operators and the rest managers and analysts, according to a company statement. The selection of staff will be carried out both internally and externally and the company will be in charge of carrying out the search. Loma Negra highlighted that the external search will focus on Olavarría and sur... |
Loma Negra to shut Sierras Bayas plant10 October 2019, Published under Cement NewsArgentine cement producer Loma Negra has announced it will close its Sierras Bayas plant, the oldest cement production facility in the country. The plant, which is a century old, operated as a grinding and dispatch facility since 2001, when a domestic downturn in the market led to the shutdown of its kiln. While two years ago, Sierras Bayas employed 100 workers, now there are only 22 left, in addition to 23 that supply services to the works. Sierras Bayas provided employment to around 1800... |
Argentine cement market declines 7% in September08 October 2019, Published under Cement NewsArgentina’s cement consumption fell 7.2 per cent YoY and 10.4 per cent MoM to 938,972t in September 2019, according to the country’s cement association, AFCP. Domestic demand was entirely supplied by the country’s cement producers. Cement output by Argentina’s cement producers declined 6.7 per cent YoY to 948,206t in September 2019. Of this total, 938,972t was supplied to the domestic market and 9234t was exported. January-September 2019 Between January and September 2019, the Argentin... |
Argentina records 6% fall in dispatches for August06 September 2019, Published under Cement NewsArgentina has recorded a 5.8 per cent YoY decrease in cement dispatches to 1.052Mt for August 2019, compared with 1.117Mt in the year-ago period. Domestic dispatches fell to 1.047Mt from 1.113Mt, while exports declined to 4230t from 4611t in August 2018. The country’s demand was met by domestic production and as such, no imports were recorded for the month. |