Cement News tagged under: Argentina
Argentina's cement demand falls 6% in 201907 January 2020, Published under Cement NewsArgentinian cement sales dropped 6.1 per cent to 11.1Mt in 2019 compared with 11.89Mt in 2018, according to the country’s cement association, AFCP. No cement was imported during the year, while exports increased 23.4 per cent YoY to 100,197t. The falling sales for the year has been attributed to an economic recession and Argentina's currency devaluation. Sales also declined 15.9 per cent YoY to 744,075t in December 2019, against 818,939t in the year-ago period. Domestic consumption decreas... |
Fitch downgrades InterCement due to weak Argentine outlook01 January 2020, Published under Cement NewsFitch Ratings had downgraded InterCement Participacoes SA's Long-Term Foreign and Local Currency Issuer Default Ratings to 'B-' from 'B'. The rating outlook is stable. The downgrade is due to negative GDP growth expectations in Argentina during 2020 and a continued decline in the purchasing power of the company's clients in this market due to high inflation and the deterioration of the Argentine peso. These factors will weaken demand for cement in this market and are factored into the downg... |
Argentina remains optimistic17 December 2019, Published under Cement NewsArgentina is facing more economic woes as inflation, interest rates, unemployment and the poverty rate continue to climb. But given the pressing need for both housing and infrastructure, its cement producers continue to invest in new capacity. With a new occupant at the Casa Rosada, the Argentine President’s executive mansion, the country has an optimistic view of the future At the end of October, Argentinians went to the polls to elect their president amid challengi... |
The next 50 years at San Luis16 December 2019, Published under Cement NewsTo meet Argentina’s growing need for sustainably-produced cement, Cementos Avellaneda is expanding its San Luis cement plant in La Calera with a new 2000tpd clinker line. With 1Mta of cement capacity, the project is aimed at better serving the company’s markets while improving the plant’s competitiveness and environmental performance. By Luis Montilla, Cementos Avellaneda, Argentina. A primary jaw crusher and two secondary cone crushers (pictured) crush the raw material A joint ... |
Loma Negra plans to refinance US$40m debt16 December 2019, Published under Cement NewsArgentina-based Loma Negra is looking to refinance the US$40m debt that requires repaying in January 2020. The loan was taken out at under seven per cent interest. The refinancing targets a maturation in 2022 at 10 per cent interest rate to enable the company to proceed with its US$350m investment project. If it is successful, it will have US$100m in cash reserves to complete the investment plant by mid-2020, said Sergio Faifman, CEO of Loma Negra. The plan expects to raise capacity at its... |
Holcim Argentina appoints Christian Dedeu as CEO10 December 2019, Published under Cement NewsHolcim Argentina will have a new CEO from January 2020. The company named Christian Dedeu, the first Argentinian to be appointed in the top job. Christian holds an economics degree from Universidad del Salvador as well as an MBA from the Universidad Austral. He has been employed by LafargeHolcim since 2007 and has served in various commercial, marketing and retail roles in Argentina and Costa Rica. “I feel very happy and proud to lead the Holcim Argentina team and continue betting on the... |
Argentina’s cement demand falls 10% in November05 December 2019, Published under Cement NewsThe Argentine cement market contracted by 10.1 per cent to 872,177t in November 2019 when compared with November 2018, when demand reached 970,181t, according to its domestic cement association, AFCP. The country’s market requirement was entirely supplied by domestic cement producers as no imports were reported. In addition, the country’s cement producers exported 12,373t of cement, representing a 21.2 per cent increase in export sales. January-November 2019 In the January-November 2019 ... |
Loma Negra records 2% fall in revenue for the 9M1908 November 2019, Published under Cement NewsArgentina's Loma Negra has recorded a 2.3 per cent fall in net revenue to ARS26.74bn (US$448m) in the first nine months of 2019, compared with ARS27.36bn in the year-ago period. However, the net profit surged 176.8 per cent to ARS2.6bn from ARS944m. Adjusted EBITDA in the 9M19 climbed nine per cent YoY to ARS7.45bn from ARS6.8bn, while the margin increased to 27.8 per cent from 25 per cent in the 9M18. Argentine sales volumes of cement, masonry and lime in the 9M19 decreased 10.4 per cen... |
Argentina's cement market contracts 9% in October08 November 2019, Published under Cement NewsArgentine cement consumption fell 8.8 per cent YoY to 948,930t in October 2019, from 1,040,317t in October 2018, according to the country’s cement association, AFCP. When compared with September 2019, demand edged up by 1.1 per cent from 938,994t. All cement was supplied by domestic producers as imports remained at zero. In October 2018 the country imported 120t. Total output in October 2019 declined 8.5 per cent YoY to 958,949t from 1,048,477t in the year-ago period although MoM there was... |
Loma Negra to hire 120 workers for L'Amali II17 October 2019, Published under Cement NewsArgentine cement producer Loma Negra announced it will hire 120 workers for the new line at its US$350m L'Amalí II plant in Bonaerense de Olavarría, Argentina. Of the 120 new positions, 80 will be operators and the rest managers and analysts, according to a company statement. The selection of staff will be carried out both internally and externally and the company will be in charge of carrying out the search. Loma Negra highlighted that the external search will focus on Olavarría and sur... |