Cement News tagged under: argentina
Holcim Argentina acquires 51% stake in Quitam SA29 March 2023, Published under Cement NewsHolcim Argentina has acquired a 51 per cent stake in paints and liquid membranes producer Quitam SA. According to Holcim, the move is “aligned with the Holcim Group strategy focused on expanding its portfolio with products and services that provide comprehensive solutions for construction.” The deal includes a paint and coatings factory with an installed production capacity of 40m litres per year. Holcim plans to supply Quitam’s products to the market through its existing retail network... |
Loma Negra posts 1% uptick in revenue in 202210 March 2023, Published under Cement NewsArgentina’s Loma Negra has reported a two per cent YoY increase in revenue in the 4Q22 to ARS36,763m (US$215m), mainly driven by a strong performance in the concrete and aggregates segments, which helped offset a fall in cement sales. Adjusted EBITDA came in at ARS13,173m, up 5.4 per cent YoY in adjusted pesos, or up 42.7 per cent in dollars at US$91m. Net profit over the quarter stood at ARS7452m, boosted by the sale of non-strategic property, according to the company. For the full y... |
Argentina's cement consumption down 5% in February07 March 2023, Published under Cement NewsThe cement market in Argentina contracted by 4.5 per cent YoY and 6.5 per cent MoM to 895,938t in February 2023, according to the country’s cement association, AFCP. In February 2022 demand reached 938,072t while in January 2023 it stood at 958,230t. All domestic demand was supplied by local cement producers, who produced 900,150t, down 5.1 per cent YoY from 948,858t and -6.8 per cent MoM from 965,633t. Of total output, 4212t was exported, representing a 60.9 per cent YoY drop from 10,786t... |
Argentina’s cement market expands 9% in January07 February 2023, Published under Cement NewsArgentine cement demand increased by 9.2 per cent YoY and 2.7 per cent MoM to 957,958t in January 2023, according to the country’s cement association, AFCP. The market was entirely supplied by domestic producers, whose output, including export supply, expanded 8.9 per cent YoY and three per cent MoM to 965,361t. However, exports fell 15.8 per cent from 8793t in January 2022 to 7403t in January 2022. |
Sinoma’s Latin American debut09 January 2023, Published under Cement NewsLoma Negra’s L’Amali Line II project in Argentina is the first EPC project contracted by Sinoma Overseas Development Co Ltd (a subsidiary of CNBM) in South America. Involving the successful integration of international and local expertise, performance results after the first year of operation have exceeded guarantee values. By Sinoma Overseas Development Co Ltd, China. Sinoma Overseas Development Co’s scope for the 5800tpd L’Amali Line II project spanned the complete cement product... |
Argentina’s cement market expands 7% in 202206 January 2023, Published under Cement NewsCement demand in Argentina fell by nine per cent to 932,661t in December 2022 from 1,144,123t in December 2021, reports the country’s cement association, AFCP. When compared with the previous month, the December volume sold dropped 18.5 per cent. All cement was supplied by domestic producers and there were no imports. Argentine cement plants produced 936,893t in December 2022, representing a YoY decline of 9.4 per cent and a MoM decrease of 18.6 per cent. Of this total, exports accounted f... |
Cement demand in Argentina up 9% in 11M2213 December 2022, Published under Cement NewsCement consumption in Argentina saw a 0.2 per cent uptick in November 2022 to 1,144,153t when compared with November 2022, when the market absorbed 1,142,127t, according to the country’s cement association, AFCP. Domestic demand was entirely served by local cement producers, who dispatched 1,151,660t, up 0.1 per cent YoY from 1,150,124t. This included 7507t of exports, down 6.1 per cent when compared with 7997t exported in November 2021. January-November 2022 Argentine cement consumpti... |
Loma Negra reports 4% revenue growth in 3Q2210 November 2022, Published under Cement NewsArgentina-based Loma Negra has posted a 4.2 per cent YoY rise in revenue to ARS33,942m (US$212m) in the 3Q22. This is mainly attributed to an increase in cement sales along with s strong performance by the company’s concrete and aggregates segments. Consolidated adjusted EBITDA over the same period fell 12.7 per cent YoY in adjusted pesos to ARS7508m but advanced 33.9 per cent YoY to US$68m in dollars. The consolidated adjusted EBITDA margin contracted from 26.4 per cent to 22.1 per cen... |
Cement demand in Argentina slips 1% in October08 November 2022, Published under Cement NewsCement consumption in Argentina has decreased by 0.8 per cent YoY and 6.7 per cent MoM to 1,131,593t in October 2022 from 1,140,962t in October 2021, according to the Argentine Portland cement association, AFCP. Dispatches from domestic producers contracted by 1.3 per cent YoY and 6.7 per cent MoM to 1,136,644Mt in October 2022 from 1,151,997t. Of this total, 5051t were exported, representing a 54.2 per cent drop from 11,035t in the equivalent period of the previous year. There were no imp... |
Argentina’s cement consumption up 9% in September14 October 2022, Published under Cement NewsArgentina’s cement market expanded 9.2 per cent YoY but contracted 1.1 per cent MoM to 1,212,814t in September 2022, according to the country’s cement association, AFCP. Domestic producers manufactured 1,217,796t of cement, up 8.6 per cent YoY but down 1.1 per cent MoM. Of this total, 4982t were exported, representing a 53.2 per cent drop from September 2021 when the country exported 10,653t. When compared with August 2022, there was an uptick of 6.4 per cent. There were no imports. Jan... |