Cementos Molins reports 5% rise in net profit for 2019
Cementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentin...
Argentina
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San Luis rotary kiln burner ignited
On 21 February 2020 the main burner of the rotary kiln in the Lindos project for Cementos Avellaneda at San Luis, Argentina, was successfully ignited. SINOMA-TCDRI was the contr...
Argentina’s cement market contracts 15% in January
Argentine cement consumption fell by 14.7 per cent YoY to 745,709t in January 2020, according to AFCP, the country’s cement association. The market was entirely supplied by dome...
Mario Bollo appointed as new Geocycle manager
Geocycle has appointed Mariano Bollo as its new manager in Argentina. Mr Bollo is a chemical engineer with an MBA from the Universidad Católica de Salta. He started his career a...
Argentina's cement demand falls 6% in 2019
Argentinian cement sales dropped 6.1 per cent to 11.1Mt in 2019 compared with 11.89Mt in 2018, according to the country’s cement association, AFCP. No cement was imported during...
Fitch downgrades InterCement due to weak Argentine outlook
Fitch Ratings had downgraded InterCement Participacoes SA's Long-Term Foreign and Local Currency Issuer Default Ratings to 'B-' from 'B'. The rating outlook is stable. The downg...
Argentina remains optimistic Premium
Argentina is facing more economic woes as inflation, interest rates, unemployment and the poverty rate continue to climb. But given the pressing need for both housing and infras...
The next 50 years at San Luis Premium
To 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 1...
Loma Negra plans to refinance US$40m debt
Argentina-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 refinanci...
Holcim Argentina appoints Christian Dedeu as CEO
Holcim 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 deg...