Votorantim Cimentos posts net revenue of BRL25.8bn in 2022
Votorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favoura...
South America
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Cement sales in Brazil drop 7% in February
Brazil’s cement association, SNIC, reported that cement sales in the domestic market declined by 7.2 per cent YoY to 4.42Mt in February 2023 from 4.763Mt. SNIC attributes the c...
Loma Negra posts 1% uptick in revenue in 2022
Argentina’s Loma Negra has reported a two per cent YoY increase in revenue in the 4Q22 to ARS36,763m (US$215m), mainly driven by a strong performance in the concrete and aggr...
Colombia's cement market contracts 4% in January
Colombian cement dispatches declined 3.5 per cent to 0.93Mt in January 2023 from 0.964Mt in January 2022, according to the country’s statistics office, DANE. When compared with...
Argentina's cement consumption down 5% in February
The cement market in Argentina contracted by 4.5 per cent YoY and 6.5 per cent MoM to 895,938t in February 2023, according to the country’s cement association, AFCP. In Februar...
Cemento Polpaico sees 70% drop in profits in 2022
Chile’s Cemento Polpaico , owned by the Hurtado Vicuña Group , reported a 16.9 per cent increase in revenue in 2022 to CLP368,391m when compared with 2021 when revenue reache...
Peru’s cement market contracts in January
Total cement dispatches in Peru fell by 16 per cent to 0.915Mt in January 2023 when compared with 1.088Mt delivered in January 2022, according to Asocem, the country’s cement a...
Cemento Melón signs UN Global Compact
Cemento Melón recently signed the UN Global Compact, the largest corporate sustainability initiative in the world, and has become the first Chilean cement producer to do so. ...
Cementos Pacasmayo reports 15% increase in 2022 net income
Peru-based Cementos Pacasmayo saw its revenues increase by 1.7 per cent YoY to PEN533.8m (US$138.8m) in the fourth quarter of 2022, mainly due to an increase in average price...
Brazilian cement sales up 7% in January
Sales of cement in the Brazilian market increased by 6.8 per cent to 4.829Mt in January 2023 from 4.52Mt in January 2022 and by 8.1 per cent MoM from 4.467Mt, according to the ...