Cement News tagged under: peru
Fitch Assigns Initial 'BBB-' IDR to Cementos Pacasmayo SAA04 February 2013, Published under Cement NewsFitch Ratings has assigned the following initial ratings to Cementos Pacasmayo: Foreign currency Issuer Default Rating (IDR) 'BBB-'; Local currency IDR 'BBB-'. The Rating Outlook is Stable. Fitch says the ratings reflect the company's solid business position, as the only cement producer in Peru's northern region. Pacasmayo's position has resulted in high margins, low leverage and solid liquidity. The small size of the cement market in the north, as well as the difficulty of logistics in t... |
Bolivia expects to double cement imports in 201301 February 2013, Published under Cement NewsState-owned Insumos Bolivia (IB) expects to double the import of Peruvian Yura cement this year from 1.3m bags in 2012 to 2.5m bags, or 5.9Mt, in 2013. IB director general, Oscar Sandy, said there are a number of possible agreements in the pipeline that would require substantial volumes of cement. Firstly, IB hopes to conclude a deal with the Misicuni company to construct a dam in Cochabamba. The project would require 150,000 bags in the first half of the year. In addition, within the fra... |
Latin America market movements21 January 2013, Published under Cement NewsThree major Latin American countries, Brazil, Peru and Argentina, released full-year consumption figures for 2012 this week with two showing YoY gains while demand in the third faltered. Brazil With Brazil's economy continuing its lull, construction activity is expected to have grown by five per cent last year, thus underperforming its significant potential. Fundamentally, the opportunities for the construction sector are immense given the country's housing and infrastructure needs and... |
Peru’s cement shipments increase 15% in 201216 January 2013, Published under Cement NewsCement deliveries in the Peruvian market reached 9,571,920t in 2012, a 15.4 per cent rise when compared with 2011, according to cement manufacturers’ association Asocem. Exports more than doubled from 67,512t to 200,485t despite a buoyant domestic market. As a result, total cement dispatches expanded by 16.9 per cent to 9,772,404t from the previous year’s 8,361,633t. Senior analyst at the Economic Research Department of Scotiabank, Pablo Nano, said the increased sales of cement in Per... |
Peru Jan-November cement deliveries up 16.62%18 December 2012, Published under Cement NewsDomestic cement shipments in Peru jumped 16.62 per cent to 8.756Mt in the first 11 months of 2012, according to the Peruvian Association of Cement Producers (Asocem). Production followed suit with a 16.72 per cent increase to 8.979Mt. Meanwhile, cement exports in the January-November 2012 period grew by 200.18 per cent YoY to 173,198t. Cement production in Peru reached 8.98Mt in the first 11 months of 2012, rising by 16.7 per cent compared to the same period in 2011. Production in November... |
Gloria Group plans US$250-300m cement plant investment in Cusco03 December 2012, Published under Cement NewsThe Gloria Group, which controls Cementos Yura and Industrias Cachimayo, plans to build a new cement plant in Cusco, southeastern Peru, to meet the demand of an expanding market in the south of the country. Vito Rodríguez Rodríguez, head of the industrial group, said the company would invest US$250-300m. He added that the firm had already acquired the land necessary but provided no further details. He also mentioned that Gloria is evaluating new investment options, including in the ar... |
Peru sees cement shipments grow 16.6 per cent in Jan-Oct 201227 November 2012, Published under Cement NewsIn October, demand for cement in Peru reached 903,750t with exports adding a further 28,634t to the total delivery figure for the month. Local cement makers produced around 926,623t, according to Peru’s cement manufacturers’ association Asocem. Between January-October 2012, deliveries of cement in the Peruvian market increased 16.6 per cent, reaching a total of 7.865Mt, reported Asocem. Output increased 16.5 per cent YoY from 6.909Mt to 8.050Mt over the same period. During the fir... |
Cementos Pacasmayo sales rise 17.5 per cent, Peru01 November 2012, Published under Cement NewsCementos Pacasmayo, a leading Peruvian cement company, announced cement sales volume increased 17.5 per cent during the first nine months of 2012 compared to the same period of 2011 For the 3Q12 net income increased 56.9 per cent QoQ to PEN46.9m (US$18.1m) versus PEN29.9m in 2Q12. Consolidated EBITDA in 3Q12 increased 33.6 per cent to PEN76.4m versus PEN57.2m in 2Q12. Cementos Pacasmayo is the second largest cement producer in Brazil in terms of volumes. It operates two plants, the lar... |
Keeping pace with demand26 October 2012, Published under Cement NewsUpdates this week from the Latin American cement sectors of Colombia, Bolivia and Peru show buoyant market conditions prevail and some local producers are expanding capacities to capture a greater share of market growth. Colombia Earlier this week, Cementos Argos reported that it has seen a continued upward trend in its domestic market of Colombia where current economic growth forecasts, the recovery of the sovereign-grade investment and government infrastructure projects point to a po... |
Unacem net profit rises, Peru23 October 2012, Published under Cement NewsUnion Andina de Cementos (Unacem) – which comprises the recently merged Cementos LIma and Cementos Andino – reported a net profit to PEN70.3m (US$27m) compared with PEN42m in the same quarter in the previous year boosted by strong sales. Total third-quarter revenue was PEN326.4m compared with PEN266.3m in the same period a year earlier. The company said that cement production in the third quarter was 986,935t, up 13.2 per cent compared with the same quarter a year earlier. Cementos ... |