Cement News tagged under: latin america

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Fitch Affirms Cementos Pacasmayo at 'BBB-'; Outlook Stable

12 January 2016, Published under Cement News

Fitch Ratings has affirmed the ratings of Peruvian producer Cementos Pacasmayo at 'BBB-'. The Rating Outlook remains Stable. The ratings reflect the company's solid business position as the only cement producer in Peru's northern region. This position has resulted in high margins, low leverage and solid liquidity. The small size of the cement market in the north, as well as the logistical challenges found in this region, has limited the impact of imports and the probability a global compa...

FLSmidth announces new orders in the Americas

11 January 2016, Published under Cement News

FLSmidth has announced three new orders at cement plants in Canada, Colombia and Bolivia.  Lehigh Hanson Materials Ltd Lehigh Hanson Materials Ltd, owned by HeidelbergCement, has awarded a contract to FLSmidth for an OK™ 30-4 cement vertical mill to meet the increasing demand for cement in Canada. The mill will be installed at Lehigh Hanson's existing Edmonton cement plant located 13km from downtown Edmonton, Alberta. Additional scope of supply includes a cement powder cooler, related...

Brazil November sales update

31 December 2015, Published under Cement News

Preliminary industry data and market estimates published by Sindicato Nacional da Indústria do Cimento (SNIC) indicate that cement sales in the Brazilian cement market reached 4.9Mt in November 2015, down 16 per cent compared to the same month a year earlier. Imports totalled 28,000t during November 2015, a decrease of 45 per cent YoY, according to statistics from SECEX / MDIC. Accumulated sales from January to November 2015 were 59.7Mt, down nine per cent YoY. In the rolling 12 months...

Argentina: cement price nearly doubles in 2015

24 December 2015, Published under Cement News

Cement prices have jumped between 70-90 per cent in 2015. At the start of the year, a 50kg bag would retail at ARP75-80 (US$5.8-6) while by the end of 2015, the price had risen to ARP125-145 (US$9.6-11), according to local press reports. The rise is attributed to speculative behaviour rather than higher production costs, exacerbated by the political pre-election uncertainty, which was ended by a change in president which saw Mauricio Macri take over from Cristina Fernandez de Kirchner afte...

Supremo Cimento opens Adrianópolis plant, Brazil

23 December 2015, Published under Cement News

Supremo Cimento, part of the Secil group, on Thursday opened its 1.8Mta Adrianópolis plant in Paraná state, Brazil, local press have reported. Chief executive of Secil, Gonçalo Salazar Leite, said Brazil was expected to account for 20 per cent of the company’s turnover in the next five years. Secil plans to make Supremo cement a regional brand supplying southern Brazil and the state of São Paulo. The acquisition of the remaining stake 50 per cent stake of the Supremo group, in Jun...

Argentina dispatches down 12.1% MoM

10 December 2015, Published under Cement News

In November 2015, cement producers in Argentina dispatched 996,925t of Portland cement, including exports, down 12.1 per cent from the previous month, according to the latest data from domestic association AFCP.  Compared to November 2014, the decline was limited to just 1.3 per cent. Domestic shipments were down by 12.7 per cent MoM during November 2015 to 995,497 tons, while YoY the fall was 0.1 per cent.

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 ...