Unacem shareholders to discuss merger with Inversiones Andino
Peru-based Unacem reported that its general meeting of shareholders will evaluate the proposal between the company and the Investment and Administration Trade Union, Inversiones...
Peru
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Peru cement market expands 3% in October
Peru’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 cen...
Cementos Yura sees 30% 3Q net profit fall
Peru-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 prof...
Unacem reports 38% rise in 3Q net profit
Peruvian 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...
Cementos Pacasmayo net income drops 14% in 3Q18
Cementos 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 als...
Peru cement demand largely stable in September
Cement 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, Aso...
Unacem buys Cementos Portland for US$28m
Peru-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 ...
Cementos Bío Bío sells Peruvian subsidiary
Chile’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 ...
Peru’s cement demand remains stable in August
Cement 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, Aso...
Unacem seeks loans of up to US$490m
Union 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 com...