Cement News tagged under: peru

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Vietnam 1Q exports rise 11% YoY

18 April 2017, Published under Cement News

Vietnam exported 4.82Mt of cement and clinker worth US$168.65m in the first quarter of this year, representing 11 per cent increase YoY in volume and 6.4 per cent in value, according to the latest data of the General Department of Vietnam Customs. In March the country’s clinker and cement exports rose 7.8 per cent from February in volume and 7.6 per cent in value to 1.8Mt worth US$62.67m, the Xay Dung online newspaper quoted the government department as saying. Bangladesh remained the ...

Peru: Unacem sees sales slip 4.3% in 2016

21 March 2017, Published under Cement News

Unacem sales fell 4.3 per cent in 2016 to PEN1865m in 2016. In Ecuador, its subsidiary Unacem Ecuador sold 1.2Mt of cement at a value of US$153.2m. In the US Drake Cement in Arizona sold 546,000st or US$83m. The Peruvian cement company produced 3.4Mt of cement at its Atacongo works near Lima and 1.7Mt at the Condorcocha works in Junín. The company’s total output accounted for around 53 per cent of national demand. Shipments were mostly bagged cement, which accounted for 77 per cent of the...

Peru sees 7% drop in domestic sales in February 2017

16 March 2017, Published under Cement News

Peru's cement market contracted 6.9 per cent YoY with sales of 0.737Mt in February, according to Asocem, the country's cement producers' association. Output from Unacem, Cementos Pacasmayo and Cementos Yura reached 0.766Mt, 6.9 per cent below the 0.822Mt produced in February 2016. Domestic production was supplemented with 75,200t of cement, up 71 per cent YoY, mainly Vietnam and China. Vietnam shipped some 44,298t at an average price of US$66.28/t CIF, increasing volumes by one per ce...

Peru: Cementos Yura Q4 profit falls by 20%

22 February 2017, Published under Cement News

Cementos Yura has announced that its profits for4Q16 were down by 20.1 per cent YoY to PEN40.2m (US$12.4m), reports Business News Americas. The firm saw sales revenues fall by 3.3 per cent, while administrative costs more than doubled as the firm paid a PEN25.7m penalty for cancelling a contract with a supplier. Cementos Yura was also negatively affected by foreign exchange fluctuations. While local sales were little changed YoY at 0.61Mt, exports fell by 14.8 per cent to below 0.1Mt. ...

Peru: Cementos Pacasmayo sees 13% drop in sales in 4Q16

15 February 2017, Published under Cement News

Peru's Cementos Pacasmayo saw its cement, concrete and blocks sales decline by 12.7 per cent YoY in 4Q16. However, there was extraordinary spending associated with El Niño prevention in the quarter. Compared to 3Q16 sales volumes increased. Revenues decreased 9.8 per cent YoY to PEN316.7m (US$97.2m) while consolidated EBITDA fell 20.4 per cent YoY to PEN88.8m. The fall in EBITDA has been attributed by higher fixed costs, resulting from the lower sales volumes, as well as one-off expenses ...

Peru: Cementos Pacasymayo announces phosphate spin-off launch date

31 January 2017, Published under Cement News

Cementos Pacasmayo SAA and subsidiaries, has provided shareholders with an update regarding the status of its spin-off of phosphate project company called FOSSAL, SAA. Pacasmayo's CEO and the CEO of FOSSAL SAA established that 1 March 2017 was the effective day of the launch of FOSSAL SAA. This is subject to registration by the Peruvian Public Registry and compliance with the Securities Market regulations.

Asocem: “Cement consumption will recover in 2017”

23 January 2017, Published under Cement News

Peruvian cement association Asocem expects cement consumption in Peru to grow between 3-5 per cent in 2017 as private investment recovers and public works are carried out. “For 2017 the scenario is positive, due to infrastructure works estimated to total US$20bn and US$40bn in 2018. We will recover the space that we have had after two years of decreases,” said Carlos Ferraro, executive director of Asocem. He added that the recovery of the cement market depends particularly on the unlock...

Peru's sees 3.4% market contraction in 2016

17 January 2017, Published under Cement News

Cement consumption in Peru fell 5.2 per cent to 836,000t in December 2016, according to Asocem, the country's cement association. Exports decreased 43.5 per cent to 27,000t from 47,000t in December 2015. Cement production in December reached 886,000t, representing a 4.8 per cent decline YoY. For full-year 2016, Asocem reported a 3.4 per cent market contraction from 9.978Mt in 2015 to 9.643Mt. However, Peruvian cement producers found some solace in overseas markets and reported an 11.3...

Peru’s cement market contracts more than 6% in November

16 December 2016, Published under Cement News

Cement consumption in Peru continues to fall with domestic sales noting a 6.6 per cent YoY decline from 914,000t in November 2016 to 854,000t in November 2016, according to Asocem, the country’s cement association. Demand in the January-November 2016 period reached 10.029Mt, down three per cent YoY from 10.335Mt in 11M15. Production fell by 8.7 per cent YoY to 871,000t in November from 955,000t the previous year and noted a 2.6 per cent fall from 10.77Mt in 11M15 to 10.49Mt for the firs...

Fitch: Latin America 2017 outlook stable

13 December 2016, Published under Cement News

According to a new Fitch Ratings report, the 2017 Latin American cement outlook for both ratings and the sector is stable. Associate Director at Fitch Ratings, Gilberto Gonzalez: “Issuers have built significant operations in the US, which should benefit from increased public and private spending… Housing starts should increase seven per cent to 1.26m, which should provide an additional boost.” For Argentina cement consumption is forecast grow in the mid-single digits, recovering some o...