Cement News tagged under: peru
Peru: Unacem reports loss of US$1.15m in 3Q1631 October 2016, Published under Cement NewsThe company Union Andina de Cementos (Unacem), one of the two largest companies in the sector in Peru, reporteda loss of PEN3.9m (US$1.15m) in the third quarter due to lower sales due to a fall construction activity. This result compared to a profit of PEN24.7m for Unacem between July and September 2015. Unacem revenues in the 3Q16 amounted to PEN464.6m compared to PEN496.1m in the same period last year. From January to September, the cement company posted a profit of PEN354.5m compar... |
Peru: Cementos Pacasmayo 3Q16 net income falls 21.7%25 October 2016, Published under Cement NewsCementos Pacasmayo SA's consolidated results for the 3Q16 and nine months (9M16) ended 30 September 2016 recorded cement, concrete and concrete block volumes were down 1.6 per cent, largely due to extraordinary spending in regard to El Niño prevention in 3Q15, says Businesswire. Revenues rose 0.4 per cent to PEN314.2m (US$83.5m), while the consolidated EBITDA of PEN04.5m was up 4.9 per cent. Net income of PEN43.3m, down 21.7 per cent, due to the termination of borrowing cost capitalisatio... |
Peru's cement market shows minor decline in August20 September 2016, Published under Cement NewsIn August Peruvian cement demand reached 0.868Mt, representing 4.3 per cent decline YoY, according to Asocem, the country's cement association. To complement local output, around 43,000t of cement and 87,000t of clinker were imported. Domestic output reached 0.922Mt, the supply surplus being largely absorbed by exports, which reached 0.05Mt in the same month. In addition to 54,000t of cement passing through the country’s border controls - a YoY doubling of volumes, some 22,000t of clinke... |
Peru: Cementos Pacasmayo to split operations23 August 2016, Published under Cement NewsCementos Pacasmayo SAA and subsidiaries announced that its Board of Directors have approved the separation of its phosphate operations Fosfatos del Pacifico (FOSPAC) from its cement operations. Ownership of FOSPAC will be transferred to separate entity FOSSAL, which will hold 70 per cent ownership whilst 30 per cent remains with MCA Phosphates PTE, a division of Mitsubishi Corp. Chairman of FOSPAC, Roberto Dañino said, “FOSPAC is an attractive project, with substantial phosphate reserves ... |
Peru: Votorantim to buy assets of Cementos Orotongo22 August 2016, Published under Cement NewsVotorantim Cimentos has made an agreement with Concesur (Consorcio Cementero del Sur) to purchase the cement assets of Cementos Orotongo acquired by Votorantim in 2012 from Cimpor. The deal is worth US$4m and includes a project to set up a US$125m cement plant at La Joya with a capacity for 650,000tpa of cement and 1500tpd of clinker. This plant project was originally planned in 2011. Votorantim is also setting up a cement plant at Pachacamac, southern Lima, in alliance in Cementos Bio B... |
Peru's cement sales fall 3.7% in July19 August 2016, Published under Cement NewsPeru's cement market contracted 3.7 per cent YoY in July as 772,000t were sold, according to the latest data by Asocem, the Peruvian cement association. However, production increased 2.4 per cent YoY to 837,000t – a signed that the market has started to pick up, according to Asocem. There were no clinker imports, but around 44,000t of cement imports supplemented domestic production. In terms of exports, no clinker shipments were reported in July, but around 39,000t of cement was delive... |
Peru: Cementos Pacasmayo 2Q16 revenues up 9%22 July 2016, Published under Cement NewsCementos Pacasmayo SAA has announced its consolidated results for the 2Q16, stating that volumes of cement, concrete and blocks rose 4.8 per cent during the period and revenues increased 9.1 per cent to PEN301.7m (US$90.6m). Consolidated EBITDA of PEN93.1m (US$27.9m) was up 15.7 per cent, excluding PEN8.8m non-operating income booked in 2Q15. However, when including this income, EBITDA was up 4.3 per cent. Net income of PEN31.3m was down 18.9 per cent excluding non-operating income booked... |
Peru cement market contracts 3.5% YoY in June18 July 2016, Published under Cement NewsIn June, Peruvian cement demand fell by 3.5 per cent YoY to 0.756Mt from 0.781Mt, according to Asocem, the country's cement association. Domestic sales were supplemented with 23,000t of export sales, which slipped from 24,000t in June 2015. However, the country also imported 28,000t of clinker and 44,000t of cement. Cement output from Peru’s cement plants decreased three per cent in June when compared with the previous month and 0.5 per cent YoY. For the rolling year, between July 2... |
Peru: Inka to start Pisco cement plant construction05 July 2016, Published under Cement NewsCementos Inka will begin construction of a second cement plant in Pisco, Peru, in the next few months. This second unit will be situated on a 20ha plot and should begin production in the 4Q17. The US$30m project's environmental impact study has been approved already. Cementos Inka is also evaluating plans for a third production unit capable of 0.5Mta in Piura. This facility is expected to cost US$40m and will occupy 100ha. Construction works on this project could begin half-way through ... |
Peru: Unacem invests in power projects21 June 2016, Published under Cement NewsUnacem will invest in two separate power generation projects in 2016. Through Compania Electrica El Platanal it will invest in Carpapata III in its plant in Condorcocha in Junin. It will also invest US$60m (EUR 53.18m) in a hydroelectric plant in Maranon that is due to begin operations in 2016. |