Cement News tagged under: South America
Colombia's cement market contracts 1% in October08 December 2023, Published under Cement NewsCement dispatches in Colombia slipped 0.8 per cent YoY to 1.114Mt in October 2023 from 1.123Mt in October 2022, reported the country's statistics office, DANE. Of the total October 2023 dispatches, deliveries to construction companies and contractors were down seven per cent YoY, while ready-mix concrete companies reduced their off-take by 3.9 per cent. However, sales to the retail segment picked up by 2.6 per cent YoY. This was also reflected in a 0.6 per cent uptick in bagged sales while... |
Chile's cement producers see 7% drop in October dispatches08 December 2023, Published under Cement NewsChilean cement dispatches declined by 7.1 per cent to 324,460t in October 2023 from 349,388t in October 2022, according to the Chilean construction chamber, CChC. In the first 10 months of 2023, cement dispatches fell nine per cent YoY to 2,902,782t from 3,1919,241t in the 10M22. |
Cemento Polpaico posts 9M23 loss30 November 2023, Published under Cement NewsChile-based Cemento Polpaico reported losses of CLP9016.24m (US$10.4m) in the first nine months of 2023, compared with a profit of CLP3576.95m in the 9M22. The company's revenue improved 4.2 per cent YoY to CLP261,921.45m in the 9M23. EBITDA reached CLP9743.17m in the 9M23 when compared with CLP16,485.72m in the 9M22. "During the third quarter of 2023, a lower dynamism in the construction sector, marked by a significant decrease in the demand for materials, associated to a decrease in th... |
Cement dispatches in Peru contract 9% in October16 November 2023, Published under Cement NewsCement dispatches in Peru declined by nine per cent YoY to 1.082Mt in October 2023 from 1.189Mt in October 2022, according to Asocem, the country's cement association. Of this total, Asocem members dispatched 1.004Mt, representing a 13 per cent decrease when compared with October 2022. Cement production from domestic cement plants was down 12.6 per cent to 1.023Mt from 1.171Mt. Clinker production fell 13.8 per cent to 0.777Mt when compared with 0.901Mt in the previous-year period. Cement e... |
Brazil's cement market contracts 2% in October13 November 2023, Published under Cement NewsCement sales in Brazil declined by 2.1 per cent to 5.257Mt in October 2023 when compared with October 2022, when sales reached 5.368Mt, according to the Brazilian cement association, SNIC. The southeast, the largest market, saw sales contract by 2.9 per cent YoY to 2.382Mt in October 2023 from 2.453Mt in the year-ago period while in the northeast sales slipped by 0.9 per cent YoY to 1.092Mt from 1.102Mt. Sales in the south fell by 3.7 per cent YoY to 0.851Mt in October 2023 from 0.88Mt. Th... |
Votorantim Cimentos posts 36% profit growth in 3Q2310 November 2023, Published under Cement NewsVotorantim Cimentos has posted revenue of BRL7.4bn (US$1.51bn) in the third quarter of 2023, down three per cent compared to the same period a year earlier. The decline has been attributed to “market dynamics and the negative impact of the appreciation of the Real.” Net profit over the three-month period came in at BRL824m, marking a 36 per cent increase YoY. Cement sales in the 3Q23 stood at 10.3Mt, a one per cent uptick on the same period in 2022. Consolidated adjusted EBITDA reached... |
Polpaico suspends Quilicura grinding operations09 November 2023, Published under Cement NewsChile-based Cemento Polpaico will temporarily suspend operations at its grinding plant in Quilicura and transfer these to the Cerro Blanco plant in Til Til. The step is part of the company redistributing its production capacity nationwide due to corporate and operational restructuring, which is expected to be completed in the 1H24. The process will also seek greater logistical efficiencies and improved competitiveness. In addition, Cemento Polpaico will also integrated its subsidiaries... |
Argentine market contracts by 1% in October09 November 2023, Published under Cement NewsCement consumption in Argentina slipped by 0.6 per cent YoY in October 2023 to 1,125,049t from 1,131,509t in October 2022, reports the country’s cement association, AFCP. Market demand was met entirely by domestic output, which declined by 0.2 per cent YoY to 1,125,049t from 1,121,509t in October 2022. Argentine cement producers exported 8256t of cement in October 2023, up from 4302t in October 2022. January-October 2023 In the first 10 months of 2023 total cement deliveries fell 1.3 ... |
Colombia’s cement demand decreases 5% in September08 November 2023, Published under Cement NewsCement consumption in Colombia declined 4.9 per cent to 1.131Mt in September 2023 from 1.19Mt in September 2022, according to DANE, the country’s statistics office. The Valle del Cauca market saw the largest contraction, by 18.8 per cent YoY, followed by Norte de Santander (-16.5 per cent), Caldas (-13.7 per cent) and Colima (-13.4 per cent). Meta, ear and Sucre were the only markets that showed growth – by 4.1, 2.1 and one per cent, respectively, in September 2023. Sales in the capital ma... |
Chilean consumption sees 14% drop in September08 November 2023, Published under Cement NewsCement demand in Chile fell by 13.9 per cent YoY to 251,901t in September 2023 from 292,714t in September 2022, according to the Chilean construction chamber, CChC. In the first nine months of 2023 the domestic market contracted by 9.3 per cent YoY to 2.578Mt from 2.841Mt in the 9M22. |