Cement News tagged under: argentina
Argentine dispatches slip 1% in August12 September 2023, Published under Cement NewsCement dispatches in Argentina declined by 1.4. per cent YoY to 1,209,746t in August 2023 from 1,226,632t in August 2022, according to the country’s cement association, AFCP. Domestic cement production fell 1.6 per cent to 1,211,267t in August 2023 when compared with an output of 1,231,313t in August 2022. While cement producers supplied the entire domestic market, they also exported 1521t of cement in August 2023, down from 4682t in August 2022. January-August 2023 In the January-Aug... |
InterCement continues to downsize as it wrestles with debt25 August 2023, Published under Cement NewsInterCement Participacoes SA (ICP), based in Sao Paulo, Brazil, continues to off-load assets as it attempts to manage a debt pile accumulated over a decade ago when the company acquired Cimpor, in its former guise as Camargo Correa. The multinational cement company, still controls 33.6Mta capacity across markets in Argentina, Uruguay, Brazil, South Africa and Egypt, although agreements have been made for the sale of assets in Africa, following the sale of Mozambique. In recent years, t... |
Argentina’s cement market contracts 7% in July10 August 2023, Published under Cement NewsCement demand in Argentina declined by 6.9 per cent to 1,067,680t in July 2023 when compared with July 2022, when demand reached 1,146,900t, according to the country’s cement association, AFCP. All cement supplied was produced by domestic producers – there were no imports. Total production by Argentine producers fell 7.2 per cent YoY to 1,069,493t in July 2023, down from 1,152,412t in July 2022. Of this total, 1814t were exported in July 2023, representing a 67.1 per cent decline when comp... |
InterCement assets in Brazil and Argentina are on other players' radar21 July 2023, Published under Cement NewsAccording to Valor, InterCement assets are being valued by local and global players. The operations of Loma Negra, Argentina, are being looked at by CEMEX , Pacasmayo and Argos . Loma Negra has nine plants and 45 per cent of the market. According to Valor, the Brazilian operation could raise the interest of Buzzi, Vicat, Votorantim, CSN, Titan and Mizu. However, no official comment has been made from the parties in the article. In Brazil InterCement has a total production c... |
Argentina's cement market expands 1% in 1H2307 July 2023, Published under Cement NewsCement dispatches in Argentina declined by 2.1 per cent YoY to 1,080,422t in June 2023 from 1,104,066t in June 2022, according to the country’s cement association, AFCP. When compared with the previous month, dispatches edged up by 0.8 per cent from 1,071,951t in May 2023. The market was entirely supplied by domestic production – no imports were reported. Total production from Argentina’s cement plants slipped 2.4 per cent YoY to 1,082,990t in June 2023 from 1,109,725t in June 2022. However... |
Cement demand in Argentina slips in May13 June 2023, Published under Cement NewsThe Argentine cement market contracted 1.5 per cent YoY to 1,072,110t in May 2023, according to the country’s cement association, AFCP. In May 2022 domestic consumption reached 1,088,000t. However, MoM demand was up 4.2 per cent from 1,028,598t in April 2023. Market demand was entirely supplied by domestic production, which contracted two per cent YoY from 1,098,484t to 1,076,287t in May 2023. MoM, output from Argentina’s cement plants increased 3.9 per cent from 1,035,525t in April 2023. ... |
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... |
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... |
Cementos Avellaneda starts Olavarría wind farm09 May 2023, Published under Cement NewsCementos Avellaneda ( Cementos Molins group ) has announced that it has starting the PECASA wind farm project together with YPF LUZ. This wind farm will supply sustainable energy to the Olavarría cement plant, contributing to a cleaner and greener future. This is an important step in the cement producer’s mission to promote renewable energy and sustainable development, which adds to the development of the solar park at the San Luis cement plant. Together with YPF Luz, Cemento... |
Argentine cement consumption up 6% in March06 April 2023, Published under Cement NewsArgentina’s cement market expanded by 6.4 per cent in March 2023 as 1,114,722t of cement were supplied, compared to 1,047,227t in March 2022, according to the country’s cement association, AFCP. Compared with February 2023, the advance was 24.4 per cent. Domestic production of 1,114,003t – up 6.4 per cent YoY from 1,047,227t – was supplemented by 719t of imports to meet the market requirement in March 2023. Exports dropped considerably to 3770t in March 2023 from 11,462t in March 2022. ... |