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 are ...
South America
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InterCement Participacoes SA and Mover Participacoes SA sign addendum with CSN
InterCement Participações SA and Mover Participações S A have signed an addendum to the agreement disclosed on 18 September 2024, providing for the exclusivity of Companhia Side...
Grupo Argos 3Q profit surges 75%, driven by Cementos Argos recovery
Grupo Argos, parent group of Colombian cement giant Cementos Argos , has announced a 75 per cent YoY increase in its net profit for the third quarter of 2024, reaching COP332bn ...
Yura announces bid to acquire stake in Cementos Bío Bío
Yura Chile SA, part of Peru's Yura (Gloria Group), has announced the start of a public offer for the acquisition of shares in Chile to purchase a stake of up to 20.059 per cent ...
Votorantim Cimentos posts BRL1bn net profit in 3Q24
Votorantim Cimentos reports it completed its 3Q24 results with a net profit of BRL1bn (US$17.3m), a 24 per cent increase compared to BRL824m in the same period last year, primar...
Loma Negra posts 9% drop in 3Q net profit
Loma Negra reported a net sales revenue of ARS180,686m (US$185m) in the third quarter of 2024, down 21.2 per cent YoY due to a 21 per cent drop in sales volumes of the company’s...
Paraguay’s INC on track to achieve 11m bag production goal
Paraguay’s cement industry produced 1,070,000 bags of cement in October 2024, according to Gerardo Guerrero, president of state-owned cement producer INC . The company sold 1,27...
Argentina's cement market contracts by 20% in October
Cement consumption in Argentina dropped 19.9 per cent YoY and 1.3 per cent MoM in October 2024 to 901,222t from 1,125,075t in October 2023, reported the country’s cement associa...
Pacasmayo posts 36% net profit advance in 3Q24
Peru-based Cementos Pacasmayo SAA reported a 0.2 per cent uptick in revenues for the third quarter of 2024 to PEN517.8m (US$137.5m) from PEN516.7m in the year-ago period. Concre...
Peru’s cement market contracts 2% in September
Cement dispatches in Peru slipped by two per cent YoY to 1.06Mt in September 2024 from 1.081Mt in September 2023, according to the country’s cement association, Asocem. Of this ...