Cement News tagged under: peru
Cementos Pacasmayo net income drops 14% in 3Q1830 October 2018, Published under Cement NewsCementos Pacasmayo saw its revenues fall by 4.4 per cent to PEN318.8m (US$95.2m) in 3Q18, mainly due to change in mix of products sold and to a slight decrease in prices. It also reported a 1.9 per cent rise in sales volumes of cement, concrete and precasts to 610,800t, mainly due to a recovery in the self-construction segment as well as increased sales to small and medium-sized projects. Net income declined 13.5 per cent YoY to PEN33.4m as operating income fell as a result of higher coa... |
Peru cement demand largely stable in September22 October 2018, Published under Cement NewsCement consumption in Peru reached 0.966Mt in September 2018, slipping by 0.3 per cent when compared with the year-ago period, according to the country’s cement association, Asocem. Cement producers dispatched some 0.958Mt in September, 0.5 per cent less than in the previous-year’s period, when 0.975Mt was delivered. Cement exports reached 20,700t, down 37 per cent YoY while clinker exports improved 44 per cent to 105,000t. Domestic output reached 0.878Mt, slightly less than the 0.897Mt i... |
Unacem buys Cementos Portland for US$28m15 October 2018, Published under Cement NewsPeru-based Unacem has acquired Cementos Portland for US$28m from Cementos Bío Bío and Votorantim. Unacem, which operates 8.3Mta of production capacity at two plants at Atocongo and Condorcocha, informed the Superintendency of the Stock Market (SMV) that on 10 October, it had carried out "a transfer of 100 per cent of the shares representing the capital stock of Cementos Portland for the total price of US$28,095,802". |
Cementos Bío Bío sells Peruvian subsidiary11 October 2018, Published under Cement NewsChile’s Cementos Bío Bío has sold its Peruvian subsidiary, Cementos Portland, in a transaction valued close to US$14m, according to La Tercera. The departure means that it will no longer be participating in a project with Brazil’s Votorantim Cimentos to construct a plant in Lima, which has reportedly faced a number of difficulties concerning market rivals. A further two projects that the company had planned in Peru, one concerning cement and the other lime, will remain unfulfilled after th... |
Peru’s cement demand remains stable in August26 September 2018, Published under Cement NewsCement dispatches by Asocem members remained largely stable in August 2018 at 865,000t when compared with the year-ago period, according to the country’s cement association, Asocem. However, they advanced 9.4 per cent when compared with July 2018 when 790,000t was sold in the domestic market. When all domestic cement producers are included, national dispatches reach 975,000t, down 0.5 per cent YoY. Domestic supply was complemented by cement imports, which surged by 60 per cent YoY to 70,00... |
Unacem seeks loans of up to US$490m25 September 2018, Published under Cement NewsUnion Andina de Cementos SAA (UNACEM) plans to start talks with banks for up to US$490m in loans to refinance existing US$-denominated debt and other corporate purposes. The company is seeking US$50m from Citibank, US$45m from Banco Santander and local currency credit facilities for up to US$100m from Banco de Credito del Peru and Scotia Bank Peru, the Peruvian cement producer said in a recent stock exchange announcement. UNACEM posted a YoY flat consolidated EBITDA of PEN290m (US$87.5m)... |
Peru cement demand at 0.871Mt in July03 September 2018, Published under Cement NewsPeru’s cement plants supplied 790,000t of cement to the domestic market in July 2018, up 1.8 per cent YoY and four per cent MoM, according to the country’s cement association, Asocem. Domestic deliveries were supplemented by 80,600t of imports, down from 106,000t reported in the previous month. In addition, 50,000t of clinker was imported. The latest data result in a total cement consumption in Peru at 870,600t in July. Peruvian cement producers decreased their output by 1.2 per cent YoY ... |
Cementos Pacasmayo sees 10% rise in 2Q18 net income23 July 2018, Published under Cement NewsPeru’s Cementos Pacasmayo saw its revenues rise 2.3 per cent YoY to PEN287.5m (US$87.8m) in 2Q18 as sales volumes of cement, concrete and precasts advanced 1.9 per cent YoY to 0.534Mt on the back of higher sales to medium-sized companies and the public sector. Consolidated EBITDA reached PEN84.7m, up 9.7 per cent YoY in 2Q18 while the cement EBITDA margin increased by 2.5 percentage points to 30.3 per cent, mainly due to improved operational efficiencies. Net income increased 10.3 per... |
Cement consumption in Peru up 6% in June17 July 2018, Published under Cement NewsPeru’s cement market expanded by 5.7 per cent YoY to 0.865Mt in June 2018 and when compared with the previous month, largely stable, according to the latest data from Asocem, the country’s cement association. Of this total, national deliveries fell by 2.1 per cent YoY to 0.76Mt while imports advanced 147.5 per cent YoY to 0.106Mt. Cement production slipped by 2.5 per cent YoY to 0.79Mt in June 2018 from 0.807Mt in June 2017 while clinker output rose 45.7 per cent from 0.726Mt in June 2017... |
Will Peru's market pick-up persist?25 June 2018, Published under Cement NewsThe Peruvian cement market continues to return an improved performance when compared with last year, according to the latest data published by Asocem, the country’s cement association. Between January and May 2018, domestic demand increased by three per cent YoY to 3.837Mt as Peru rebuilds its damaged infrastructure following El Niño. The advancing market conditions are welcome news for the country’s cement producers as the second quarter of 2018 appears to provide more sustained growth af... |