Cement News tagged under: South America
Loma Negra 1Q net profit sees 19% drop11 May 2023, Published under Cement NewsLoma Negra , part of InterCement do Brasil , posted net sales revenues of ARS40,590m (US$197m) in the 1Q23, up 2.9 per cent YoY, on the back of good top line performance of concrete and aggregate segments that offset a drop in cement revenues. Consolidated adjusted EBITDA reached ARS10,636m, down 19.7 per cent YoY in adjusted pesos, while in US dollars it reached US$63m, up 5.8 per cent YoY. The consolidated adjusted EBITDA margin contracted 738 basis points you to 26.2 per cent in the 1... |
Cementos Pacasmayo 1Q net profit down by 5%11 May 2023, Published under Cement NewsRevenues of Peru-based Cementos Pacasmayo SA declined 8.6 per cent YoY to PEN480m (US$131.4m) in the first quarter of 2023. "The intense rains that hit the north of the country, produced by Cyclone Yaku, affected the company's operations, especially in February and March. The foregoing was offset by the increase in average cement and concrete prices compared to 1Q2022," according to a report from Kallpa SAB. EBITDA decreased by 5.3 per cent YoY to PEN120.7m in the 1Q23. However, the EBI... |
Argentina’s market contracts 1% in April10 May 2023, Published under Cement NewsCement sales in Argentina fell by one per cent to 1,028,656t in April 2023 from 1,039,320t in April 2022, according to the country’s cement association, AFCP. All cement was supplied by domestic plants. Output by the country’s cement plants slipped 1.3 per cent YoY to 1,035,525t in April 2023 from 1,049,302t. Of this total, 6870t was exported, down 31.2 per cent from 9982t in April 2022. January-April 2023 For the first four months of 2023 cement consumption in the South American count... |
Osvaldo Ayres new global CEO Votorantim Cimentos, Marcelo Castelli new board member09 May 2023, Published under Cement NewsOsvaldo Ayres Filho, Votorantim Cimentos’ current COO, has been promoted to the position of global CEO of the company. He succeeds Marcelo Castelli, who will become a member of the Board of Directors. Mr Castelli has worked for 26 years at Votorantim SA and became CEO of Votorantim Cimentos in February 2019. Under his leadership, Votorantim Cimentos grew and innovated, made important investments in Brazil, expanded internationally, advanced its go-to-market strategy, strengthened its adjac... |
Cemex sales up 9% YoY in 1Q2303 May 2023, Published under Cement NewsCemex has reported strong results in the opening quarter of 2023 with sales expanding by nine per cent YoY to US$4036m and EBITDA seeing six per cent growth to US$733m, driven by pricing, decelerating input cost inflation, and contributions from the company’s growth investments and urbanisation solutions business. According to the company, the EBITDA margin came in at 18.2 per cent with a significant sequential improvement of 1.9 percentage points. The Urbanisation Solutions business repor... |
Colombian cement consumption declines 8% in March03 May 2023, Published under Cement NewsCement dispatches in Colombia fell 7.5 per cent YoY to 1.163Mt in March 2023 from 1.257Mt in March 2022, according to national statistics agency, DANE. While deliveries of bulk cement edged up by 0.8. per cent YoY, reflecting 3.5 per cent growth in the ready-mix concrete segment market in March 2023, bagged cement sales were down 11.2 per cent yoY as construction companies and contractors reported a 13.6 per cent contraction and the off-take by the retail sector dropped by 11.5 per cent wh... |
Andrés Segú Undurraga resigns from Polpaico Board26 April 2023, Published under Cement NewsAndrés Segú Undurraga has resigned from his position as director of Cemento Polpaico SA, Chile. His respective alternative director, José Tomás Edwards Alcalde, also resigned on 21 April. The company’s Board of Directors agreed to appoint Alejandro Gevert Detto as Mr Segú’ replacement, who will serve in this position until the next ordinary shareholders’ meeting when the Board of Director must be completely renewed. |
Peru’s cement market contracts 17% in March24 April 2023, Published under Cement NewsCement consumption in Peru declined by 17 per cent to 0.958Mt in March 2023 when compared with March 2022 when dispatches reached 1.151Mt, according to the country’s cement association, Asocem. Output from domestic cement plants was down 20 per cent YoY to 0.894Mt of cement in March 2023 from 1.121Mt. Clinker production fell by 19 per cent YoY to 0.77Mt in the same period. Cement exports declined 27 per cent YoY to 13,000t in March 2023 from 18,000t in March 2022, but clinker exports incr... |
CBB to implement a new AF project at Teno17 April 2023, Published under Cement NewsCBB and Ambipar Environment’s general managers announced the implementation of a project that will enable the cement producer to recover energy from non-recyclable waste at CBB’s Teno plant in Curicó, Maule Region, Chile. The Chilean cement producer will be investing US$5m in the two-phase project. The first stage, which represents an investment of US3m will see the construction of a waste reception system, screening, feed belt to the preheater and equipment for dosing the alternative ... |
Cement sales in Brazil decline 2% in March14 April 2023, Published under Cement NewsBrazil’s cement market contracted by two per cent to 5.398Mt in March 2023 from 5.507Mt in March 2022, according to the country’s cement association, SNIC. The association attributes the fall to a prolonged period of heavy rains in several regions of the country as well as economic factors including high interest rates, inflation and household indebtedness, aggravated by the slowdown in the labour market. Monetary tightening, fiscal and political uncertainty, lower population income are key ... |