Cement News tagged under: Argentina
Loma Negra posts 9% drop in 3Q net profit13 November 2024, Published under Cement NewsLoma 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 cement business. Sales volumes of cement, masonry and lime decreased by 17.1 per cent YoY to 1.44Mt in the 3Q24 but bagged cement dispatches are showing a quicker recovery. Bulk cement has been more impacted by the economic environment, the public works standstill and lower activity levels in larger private project... |
Argentina's cement market contracts by 20% in October07 November 2024, Published under Cement NewsCement 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 association, AFCP. Domestic cement producers manufactured 907,153t of cement in October 2024, down 20 per cent from 1,133,331t in the year-ago period. Of this total they exported 6379t, representing a 22.7 per cent decline from 8256t in October 2023. Meanwhile, imports reached 447t. January-October 2024 consumption shr... |
Argentina’s cement consumption down 18% in September21 October 2024, Published under Cement NewsCement demand in Argentina has fallen 18.4 per cent YoY to 912,689t in September 2024 from 1,118,070t, reports AFCP. This includes 429t of imports. Domestic production declined by 18.3 per cent YoY to 917,386t in September 2024 from 1,122,528t in the year-ago period. Of this total 5127t were exported, up 15 per cent from 4458t in September 2023. January- September 2024 In the first nine months of 2024 Argentina’s cement market has contracted by 27 per cent YoY to 6,963,271t from 9,542,... |
CSN looks to buy InterCement's Loma Negra19 September 2024, Published under Cement NewsInterCement Participações , the indirect controlling shareholder of the cement producer Loma Negra in Argentina, agreed to a new exclusivity period in favour of Companhia Siderúrgica Nacional (CSN) to continue negotiating the acquisition of 100 per cent of its shareholding. The company previously had another exclusivity period, expired as of 12 August, after two extensions. There was no renewal and negotiations were left open to the possibility of an interested third party. However,... |
InterCement Participações SA files restructuring plan to Brazilian courts18 September 2024, Published under Cement NewsInterCement Participações SA (InterCement) has submitted a restructuring plan together with its subsidiaries, InterCement Brasil SA, InterCement Financial Operations BV, IntercCement Trading e Inversiones SA and InterCement Trading e Inversiones Argentina (collectively recuperação extrajudicial (EJ) debtors) to the Brazilian courts. The plan has been approved by the creditors representing more than a third of the indebtedness subject to the EJ in accordance with Brazilian law. The plan ... |
Argentina's cement market contracts by 26% in August13 September 2024, Published under Cement NewsCement dispatches in Argentina fell by 26.4 per cent YoY and 2.7 per cent MoM to 888,745t in August 2024 from 1,208,153t and 913,317t, respectively, according to the country's cement association, AFCP. Of this total 509t was imported. In August 2024, domestic production fell 26.3 per cent YoY and 2.6 per cent MoM to 891,576t in August 2024 from 1,209,673t and 915,454t, respectively. Domestic cement producers exported 3340t of cement, up 119.6 per cent when compared with 1521t in August 202... |
Negotiations for Loma Negra sale continue despite expiration exclusivity02 September 2024, Published under Cement NewsThe potential sale of Loma Negra to CSN has entered a new phase after the exclusivity term to negotiate a deal expired on 12 August after an automatic renewal but has not been renewed since, reports Noticias Financieras. While negotiations with the Brazilian group continue, the expiry enables other companies to bid for the Argentinian cement producer. One candidate is Argentine businessman Marcelo Mindlin, owner of construction company Sacde, as he wants to vertically integrate all t... |
Argentina's cement market contracts 15% in July09 August 2024, Published under Cement NewsCement demand in Argentina fell 14.5 per cent YoY to 913,319t in July 2024 from 1,067,680t, according to the national cement association, AFCP. However, when compared with June 2024, consumption increased by 25.9 per cent. Domestic demand was largely met by output from Argentinean plants, which produced 915,456t of cement in July 2024, down 14.4 per cent YoY from 1,069,463t in July 2023. Imports of 287t supplemented national production. The country's producers also exported 2424t of cemen... |
Positive operational results boost Loma Negra 2Q24 net profit08 August 2024, Published under Cement NewsLoma Negra , the leading cement producer in Argentina, has announced its results for the three-month period ending 30 June 2024. Net sales revenue for the period was ARS136.1m (US$147m), marking a decrease of 28 per cent YoY. This can be explained by a 32.5 per cent decrease in the cement segment sales volume, a trend that is consistent with that of comparable companies. Consolidated adjusted EBITDA fell to ARS38.3m, down 11.7 per cent YoY in adjusted Argentine Pesos, while in US Do... |
Argentine cement market contracts 33% in June03 July 2024, Published under Cement NewsCement demand in Argentina fell 32.8 per cent YoY and seven per cent MoM to 725,661t in June 2024, according to the country’s cement association, AFCP. This includes 81t of imports. Domestic production dropped 32.8 per cent YoY and 7.4 per cent MoM to 727,405t in June 2024. Of this total, 1825t was exported, down from 28.9 per cent YoY 2568t in June 2023. First-half 2024 In the January-June 2024 period, cement consumption in Argentina fell 30.9 per cent YoY to 4,247,357t from 6,148,980... |