Cement News tagged under: peru
Scotiabank forecasts 6% growth in Peru’s cement demand04 February 2019, Published under Cement NewsCement consumption in Peru is predicted to expand by around 6.5 per cent in 2019, according to Scotiabank. The bank attributes the third-consecutive annual rise to a higher level of real estate investment. This positive evolution would be supported by increased private and public investment expected for this year, said Carlos Asmat, senior analyst of the Department of Economic Studies of the bank. "Private investment would grow partly driven by the performance of mining investment during 2... |
Unacem reports 6% rise in sales but 48% drop in net profit30 January 2019, Published under Cement NewsPeru-based Unacem has reported 4Q18 sales of PEN507.8m, up 5.6 per cent when compared with sales of PEN481m in the equivalent period of the previous year. Operating profit increased by 16 per cent to PEN121.6m in the 4Q18 from PEN104.8m in the 4Q17. However, after financial expenses of PEN-101.3m, financial income of PEN3m, net exchange differences of PEN-32.7m and income tax expenses of PEN682,000, the quarter’s net profit reached PEN-10.2m. In terms of Unacemen’s dispatches, these rose by... |
Cementos Bio Bio announces new plant in Peru29 January 2019, Published under Cement NewsChile's Cementos Bio Bio has announced that it will invest approximately US$20m in the construction of a new grinding plant at the Port of Matarani in southern Peru. The plant's cement capacity is initially expected to reach 200,000tpa, however this could be doubled in a second stage of development. The project has already received the required permits and therefore, the company expects to begin construction work this year, with operations expected to begin in 2020. According to Cementos... |
Peru's cement market expands 4% in 201815 January 2019, Published under Cement NewsCement consumption in Peru increased 5.8 per cent YoY to 1.02Mt in December 2018, according to the latest data from Peru’s cement association, Asocem. Cement production remained largely stable in December 2018 at 906,000t, up 0.9 per cent YoY and 0.6 per cent MoM. Clinker output rose 2.1 per cent YoY to 913,000t and 6.9 per cent MoM from 855,000t. Domestic production was supplemented by 136,800t of cement imports, up 49 per cent YoY while clinker imports edged up by three per cent to 4... |
Bolivia to prohibit poor-quality cement imports03 January 2019, Published under Cement NewsThe Bolivian government will verify the quality of imported cement as of the start of this year and if found to be insufficient, the consignment will not be allowed to enter the country, according to Eugenio Rojas, the country’s minister of Productive Development. “We now work to prohibit the import of poor-quality cement. The quality is shown by the drying of the product in less than 30 days, but Peruvian cement has a poorer quality, which is why works are cracked. This cannot be allowed ... |
Cement consumption in Peru sees 5% rise in November20 December 2018, Published under Cement NewsCement consumption in Peru rose by 4.8 per cent YoY in November to 1.017Mt, up from 0.971Mt in November 0217, according to the latest data from the country’s cement association, Asocem. Cement production in November remained largely stable in November at 0.901Mt when compared with the previous month and increased by one per cent YoY. Clinker output saw a 26.1 per cent rise MoM and a 9.6 per cent YoY increase to 0.855Mt in the same period. However, cement imports more than doubled to 102,... |
Unacem shareholders to discuss merger with Inversiones Andino04 December 2018, Published under Cement NewsPeru-based Unacem reported that its general meeting of shareholders will evaluate the proposal between the company and the Investment and Administration Trade Union, Inversiones Andino and Inmobilaria Pronto. The cement company explained that the main objective of the merger is to consolidate in Unacem the knowledge, strategies, experiences, specialisations, rights and other assets developed and managed by the three societies that would be absorbed. It also seeks to extinguish the contract... |
Peru cement market expands 3% in October20 November 2018, Published under Cement NewsPeru’s cement consumption advanced 2.9 per cent YoY to 1.02Mt, according to the country’s cement association, Asocem. Cement production by domestic producers fell by two per cent YoY and by 2.9 per cent MoM to 0.903Mt while clinker output decreased by 23.5 per cent YoY and 2.1 per cent MoM to 0.678Mt in October. Domestic production was supplemented by 90,000t of cement imports, down 71.4 per cent YoY and 82.8 per cent MoM, as well as 153,000t of clinker imports, which represents a 251.3 ... |
Cementos Yura sees 30% 3Q net profit fall07 November 2018, Published under Cement NewsPeru-based Cementos Yura saw its net profit fall by 30 per cent YoY to PEN52m (US$15.4m) in the third quarter of 2018. The company has attributed the slide to a lower gross profit as the cost of sales increased 14 per cent YoY to PEN146m due to higher clinker production costs. Sales increased to PEN261m with domestic shipments up four per cent due to higher demand for the Yura and Frontera brands. Exports contracted by 35 per cent YoY in the third quarter. The loss in exports was due to th... |
Unacem reports 38% rise in 3Q net profit01 November 2018, Published under Cement NewsPeruvian cement producer Unacem has reported revenues of PEN497.9m (US$147.7m) in the 3Q18, down 0.8 per cent from PEN501.8m in the 3Q17. Gross profit remained largely stable at PEN187.1m during the quarter, but operating profit rose seven per cent to PEN128.8m from PEN120.4m in 3Q17. Net profit in 3Q advanced to just under PEN49m, up 38 per cent from PEN35.5m in the year-ago period. In the first nine months of 2018, Unacem saw its revenues rise by 5.7 per cent from PEN1.382bn in 9M17 to P... |