InterCement files for judicial reorganisation to safeguard operations
InterCement Participações SA (“InterCement”) has filed for judicial reorganisation in the Bankruptcy and Judicial Reorganisation Courts of São Paulo, along with its parent co...
South America
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Colombian cement market contracts 4% in October
Cement dispatches in Colombia declined by 3.6 per cent YoY in October 2024 to 1.074Mt from 1.114Mt in October 2023, reports the country’s statistics agency, DANE. Bagged cement...
Mississippi Lime Co withdraws from Bío Bío acquisition
USA-based Mississippi Lime Co has stepped back from purchasing a stake in Chilean cement producer Cementos Bío Bío (CBB) . This will enable Yura Chile, part of Peru's Gloria ...
Cemento Melón sees net loss in 9M24
Cemento Melón posted a 2.1 YoY per cent drop in revenue to CLP180,309.39m (US$184.3m) in the 9M24. Operating costs increased by 6.8 per cent YoY to CLP133,468.444m, driven...
Yura improves Cementos Bío Bío offer
Following Mississippi Lime Co’s US$500m offer for a stake in Chile-based cement producer Cementos Bío Bío, Grupo Gloria-owned Yura has improved its initial offer of CLP1092...
Yura Cement opens new plant in Ica with US$4m investment
Cementos Yura , a subsidiary of the Gloria Group , has commenced operations at its new operating centre in the Ica region, south of Lima, Peru. The US$4m facility aims to bol...
Peru’s cement market expands 3% in October
Cement dispatches in Peru increased by three per cent YoY to 1.117Mt in October 2024 from 1.083Mt in October 2023, according to Peru’s cement association, ASOCEM. Of this total...
Colombian 9M dispatches down 6%
Cement dispatches in Colombia fell by 11.4 per cent to 1.003Mt in September 2024 from 1.131Mt in September 2023, according to the country's statistics office, DANE. This follow...
Sale of Loma Negra on track to be completed
Loma Negra , Argentina, moves closer to a new Brazilian owner. The sale of Loma Negra has added a new chapter and seems to be more on track to completion. The Argentinean comp...
US group offers US$500m for Cementos Bío Bío
Chile-based Cementos Bío Bío revealed that on 29 May it received an offer from US group Mississippi Lime Co to acquire 100 per cent of the company and that the shareholders a...