Cement News tagged under: latin america

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Cemex Latin American Holdings sees weak volumes

26 October 2018, Published under Cement News

Cemex Latin American Holdings saw turnover for the first nine months decline by 8.6 per cent to US$848.5m and EBITDA fell by 22.3 per cent to US$187.7m, with the margin coming down from 26.1 to 22.1 per cent. The trading profit declined by 29.7 per cent to US$129.2m. After a 7.7 per cent reduction in financial expenses to US$42.9m and other items, the pretax profit came off by 26.1 per cent to US$96.2m. After tax and minorities, the net attributable profit was 33 per cent lower at US$53.3m. ...

Cementos Argos

22 February 2018, Published under Cement News

Cementos Argos has reported consolidated cement volumes of 4.04Mt in 4Q17, up 17.6 per cent compared to the same period last year. This takes the full-year volume to 16.275Mt, an increase of 16.5 per cent YoY. According to the company, the increase in volumes is due to “positive dynamics” in the US and Central America and the Caribbean regions. Revenue in 4Q17 came in at COP2107bn (US$729m), an advance of 5.1 per cent versus 4Q16, with full-year revenue of COP8533bn, a YoY improvement of ...

FICEM’s road to sustainability

08 November 2017, Published under Cement News

Guatemala, Central America, was the host city for FICEM’s 34th Technical Congress which saw 316 participants gather from across Latin America and the Caribbean for this informative three-day conference and exhibition. At the top of the agenda was the new FICEM technology roadmap for a low carbon industry, while 32 presentations covered a variety of topics from new plant construction to optimisation and alternative fuels. The inauguration ceremony was attended by Luis Alvarez, director...

Loma Negra files for IPO

06 September 2017, Published under Cement News

Argentine cement maker Loma Negra Corp has filed for an initial public offering, according to a SEC filing late Tuesday. "We believe that the economic recovery of Argentina represents one of the most attractive opportunities in global emerging markets today," the company said in the filing. "Cement consumption is highly correlated to economic activity and we expect demand for cement to grow significantly within the next five years in Argentina." Risks included cement-industry cycl...

Brazilian July sales down 10.5%

16 August 2017, Published under Cement News

Domestic cement sales in Brazil fell by 10.5 per cent in July 2017 to 4.7Mt compared to July 2016, according to data from SNIC, Brazil's national cement industry association. Sales per working day were also down by 10.5 per cent in the YoY comparison, but up by 3.3 per cent compared to June 2017,  Sales per working day were also down by 10.5 YoY, but up by 3.3 per cent compared to June 2017. Apparent consumption (domestic sales + imports) in July 2017 stood at 4.7Mt, down by 10.1 per ce...

Cemex LatAm sees sharp decline in Colombia

27 July 2017, Published under Cement News

Cemex Latin American Holdings' first-half turnover declined by 4.4 per cent to US$642.8m, while  EBITDA fell by 25.8 per cent to US$167.7m as the company saw a sharp decline in the Colombian market. At the trading level there was a 32.1 per cent reduction to US$123.1m. After a net interest charge 9.4 per cent higher at US$32.1m, the pretax profit emerged 50.1 per cent lower at US$82.8m. The net attributable profit dropped by 49.2 per cent to US$51.1m. Net debt at the end of June was 8.8 p...

Cemex further expands Construrama network in Latin America

16 June 2017, Published under Cement News

With the opening of its 300th store in Colombia, Cemex’s Construrama network consolidates its position as the broadest building materials distribution network in Mexico and Colombia and continues its growth in other Latin American countries. Looking to bring distributors closer to the construction business, Cemex rolled out its Construrama initiative in 2001. Today, Construrama is the leading building materials distribution network in Mexico, with over 1700 retail stores in more than 600 ci...

Cemex participates in first underwater tunnel in Latin America

01 June 2017, Published under Cement News

Cemex participated in the construction of the Coatzacoalcos Underwater Tunnel in Veracruz, Mexico, an innovative infrastructure project in Latin America. The dimensions of this complex construction required the company to design and deliver special concretes to build the different structures that shaped the tunnel and its points of access. Because the construction was underwater, Constructora Túnel de Coatzacoalcos, the company managing the project, required Cemex to design specific concr...

Latin American cement low-carbon roadmap

25 May 2017, Published under Cement News

Adocem, the Dominican Association of Portland Cement Producers, recently presented its “Road map for a low-carbon economy”. The initiative aims to improve awareness of new alternatives for reducing CO2 emissions and technological innovations while at the same time, remove barriers to moving towards a low-carbon economy. The initiative is led by the Inter-American Cement Federation (FICEM), which plans to define and implement an action plan for carbon mitigation and adaptation to climate c...

Pacasmayo's volumes impacted by El Niño effect

26 April 2017, Published under Cement News

Peruvian producer Cementos Pacasmayo SAA and its subsidiaries saw revenues decrease by 9.3 per cent and sales volumes of cement, concrete and blocks fell by 12.2 per cent primarily due to landslides, flooding and heavy rain, in the north of Peru since mid-February associated with El Niño. The gross margin of 40.3 per cent was up 3.3 percentage points due to operational efficiencies despite lower sales volumes and increased depreciation. The Cement EBITDA margin of 29.9 per cent was up 1...