Cement News tagged under: latin america

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Fitch Ratings: Latin America cement sector outlook stable, ratings negative

10 December 2015, Published under Cement News

In its new report on the 2016 outlook for the Latin American cement sector, Fitch Ratings said the outlook for the regional cement sector is stable in 2016, however, the outlook on ratings is negative for next year. Further weakening sales volumes in Brazil are expected to be only slightly offset by stable demand growth in countries such as Colombia, Mexico, and Peru, according to Fitch Ratings. "Brazilian cement volumes will likely decline in the high single digits as lower investment a...

Cemex recognised for environmental disclosure

12 November 2015, Published under Cement News

Cemex announced that it was ranked second in the Latin American Climate Disclosure Leadership Index, a ranking compiled by CDP that recognises leading companies in the disclosure of data related to environmental and CO2 emissions performance. Cemex earned this honour for its sound sustainability practices and its comprehensive disclosure, which earned a score of 99 out of 100 for the transparency and completeness of information provided. This is the fourth consecutive year that Cemex was i...

Cemex Latin American Holdings burdened by weaker Colombian markets

23 October 2015, Published under Cement News

Cemex Latin American Holdings' turnover for the first nine months of the year declined by 16.8 per cent to US$1,102.1m and the EBITDA came down by 21.8 per cent to US$346.3m. The reduction at the trading level was 24.3 per cent to US$281.5m. After a net interest charge that was 22.5 per cent lower at US$58.3m, the pre-tax profit emerged 35.5 per cent lower at US192.4m. A 15.5 per cent lower tax charge and lower minorities led to a 43.9 per cent reduction in the net attributable profit to ...

Colombian cement market expands 4.4 % in April

29 May 2015, Published under Cement News

In April 2015 there was a 4.4 per cent YoY rise in cement dispatches in Colombia. Some 0.999Mt of grey cement reached domestic customers, according to the latest figures by the national statistics service, DANE. Nariño led the expansion seeing its sales advance by 60.7 per cent, followed by Cesar (43.8 per cent), Magdalena (34.5 per cent), Cauca (8.5 per cent) and Antioquia (7.2 per cent). Grey cement production reached 1.057Mt, a 2.7 per cent YoY increase, in April. In the first four ...

ThyssenKrupp opens new service centre in Chile

27 May 2015, Published under Cement News

ThyssenKrupp Industrial Solutions opened a new service centre in Antofagasta, Chile, on 13 May 2015 to offer maintenance and repair services for customers from the local mining and raw materials industry. Another service centre located in Santa Luzia, Brazil, is already in full operation providing refurbishment works and new components for the local market. Thomas Oelschläger, CEO of the operating unit Services of the business unit Resource Technologies of ThyssenKrupp Industrial Soluti...

Ecuador sees decline in monthly sales

14 May 2015, Published under Cement News

Ecuador cement sales declined fell to 468,432t compared to 504,682t in the month before, latest data from domestic cement association Inecyc reveals. The decline follows a 15.68 per cent MoM increase in March. Cumulative sales over the first four months of 2015 reached 1.913Mt, the statistics show.

Semapa acquires 50% stake in Supremo Cimentos

06 May 2015, Published under Cement News

Semapa and Secil, through its Brazilian subsidiary, entered into an agreement for the acquisition of a 50 per cent stake of the Brazilian company Supremo Cimentos. With this acquisition, the companies now indirectly hold the entire share capital of the Supreme. "Our subsidiary of Brazilian law, NSOSPE Empreendimentos e Participações, owned jointly by Semapa and Secil - Companhia Geral de Cal and Cement entered into an agreement for the acquisition of the 50 per cent of the share capital of ...

Ecuador first-quarter sales at 1.4Mt

27 April 2015, Published under Cement News

Ecuador cement sales in the first three months of 2015 reached 1.427Mt, latest data from local association Instituto Ecuatoriano del Cemento y del Hormigon shows. In March alone, sales were 504,682t, up 15.67 per cent compared to the February 2015 figure of 436,287t.

Cemex Latin American Holdings held back by weaker cement sales in Colombia

24 April 2015, Published under Cement News

Cemex Latin American Holdings' turnover declined by 16.3 per cent in first quarter of the year to US$353.8m and EBITDA fell by 20.3 per cent to US$112.4m. At the trading level there was a 23.6 per cent reduction to US$90.2m. After an interest charge 15.6 per cent lower at US$20.6m and other items, the pre-tax profit declined by 23.3 per cent to US$72.3m and the net attributable profit came off by 19.8 per cent to US$43.8m. Net debt at the end of March was 8.8 per cent lower than a year ea...

Cemex to bring forward Caracolito expansion, Colombia

07 April 2015, Published under Cement News

Cemex is bringing forward the expansion of Caracolito plant in Colombia, the corporate affairs vice-president of the company’s Mexican division has said. Daniel Suarez told local news that the project consists of the expansion of the existing quarry with an additional 11ha, a complete reconstruction of the kilns and the replacement of air filters. Encouraged by the positive outlook and business environment in Colombia, Cemex also building a new US$340m cement works in Antioquia.  The firs...