Cement News tagged under: Argentina
Loma Negra reports 4% revenue growth in 3Q2210 November 2022, Published under Cement NewsArgentina-based Loma Negra has posted a 4.2 per cent YoY rise in revenue to ARS33,942m (US$212m) in the 3Q22. This is mainly attributed to an increase in cement sales along with s strong performance by the company’s concrete and aggregates segments. Consolidated adjusted EBITDA over the same period fell 12.7 per cent YoY in adjusted pesos to ARS7508m but advanced 33.9 per cent YoY to US$68m in dollars. The consolidated adjusted EBITDA margin contracted from 26.4 per cent to 22.1 per cen... |
Cement demand in Argentina slips 1% in October08 November 2022, Published under Cement NewsCement consumption in Argentina has decreased by 0.8 per cent YoY and 6.7 per cent MoM to 1,131,593t in October 2022 from 1,140,962t in October 2021, according to the Argentine Portland cement association, AFCP. Dispatches from domestic producers contracted by 1.3 per cent YoY and 6.7 per cent MoM to 1,136,644Mt in October 2022 from 1,151,997t. Of this total, 5051t were exported, representing a 54.2 per cent drop from 11,035t in the equivalent period of the previous year. There were no imp... |
Argentina’s cement consumption up 9% in September14 October 2022, Published under Cement NewsArgentina’s cement market expanded 9.2 per cent YoY but contracted 1.1 per cent MoM to 1,212,814t in September 2022, according to the country’s cement association, AFCP. Domestic producers manufactured 1,217,796t of cement, up 8.6 per cent YoY but down 1.1 per cent MoM. Of this total, 4982t were exported, representing a 53.2 per cent drop from September 2021 when the country exported 10,653t. When compared with August 2022, there was an uptick of 6.4 per cent. There were no imports. Jan... |
Argentina’s cement market expands 13% in August08 September 2022, Published under Cement NewsCement consumption in Argentina increased by 13.2 per cent YoY and seven per cent MoM to 1,226,646t in August 2022, according to the country’s cement association, AFCP. In August 2021 demand reached 1,083,824t and in July 2022 1,146,900t was sold on the home market. Domestic cement producers manufactured a total of 1,231,760t of cement, up 12.3 per cent YoY and 6.9 per cent MoM. Of this total they exported 5114t, down from 12,641t in August 2021 and 5512t in July 2022. January-August 20... |
Argentine cement consumption up 10% in July19 August 2022, Published under Cement NewsCement demand in Argentina increased by 9.9 per cent in July 2022, according to the AFCP, the country cement association. Dispatches were up 3.9 per cent MoM to 1,146,900t. The domestic market was entirely supplied by local producers. Total production increased 9.4 per cent YoY and 3.8 per cent MoM to 1,152,412Mt in July 2022. This includes exports of 5512t, down 44.6 per cent YoY and 2.6 per cent MoM. January-July 2022 In the first seven months of 2022 Argentina’s cement consumption a... |
Loma Negra posts 8% increase in 2Q revenues15 August 2022, Published under Cement NewsArgentina-based Loma Negra , part of InterCement do Brasil SA , reported an eight per cent YoY increase in net sales revenues to ARS25,268m in the second quarter of 2022. The company attributes the improved turnover to an increase in cement sales and a good performance in other segments, particularly in concrete and aggregates. Furthermore, the company achieved a 2.6 per cent YoY uptick in consolidated adjusted EBITDA to ARS7328m, but the consolidated adjusted EBITDA margin contracted 15... |
Holcim Argentina to set up household waste processing plant in Mendoza18 July 2022, Published under Cement NewsHolcim (Argentina) SA will set up a household waste processing plant in Las Heras, Mendoza province, Argentina, to process waste into an alternative fuel for Holcim’s cement plants. The project represents an investment of around US$10m. Commissioning is expected in 2023. Holcim currently uses on average 15 per cent alternative fuels to run its kilns in Argentina. However, in Mendoza, where Holcim has been co-processing disused tyres and industrial waste, that share falls to four per cent... |
Argentine market expands 15% in June06 July 2022, Published under Cement NewsArgentina’s cement demand increased by 14.8 per cent YoY and one per cent MoM to 1,109,755t, according to the country’s cement association, AFCP. With no cement imports into Argentina, domestic producers supplied this entire demand, as well as 5659t of exports, which were down by 38.5 per cent YoY. January-June 2022 In the January-June 2022 period cement consumption in Argentina increased by 11.5 per cent to 6,094,079t from 5,465,125t in the 1H21. Domestic cement production was up 11... |
Argentina’s cement market expands by a quarter in May09 June 2022, Published under Cement NewsCement consumption in Argentina increased by 24.5 per cent to 1,087,998t in May 2022 when compared with May 2021 when 874,188t was sold in the domestic market, according to the country’s cement association, AFCP. MoM an increase of 4.7 per cent was seen. Argentine demand was entirely supplied by domestic cement plants as no imports were reported. The country’s producers increased output by 24.2 per cent YoY and 4.7 per cent MoM to 1,098,484t in May 2022. Of this total, 10,485t were exporte... |
Loma Negra reports 1Q22 results09 May 2022, Published under Cement NewsLoma Negra saw its net sales revenue decrease by 5.5 per cent to ARS19.3bn (US$171m) in the first quarter of 2022 as cement and concrete sales declined and improvements in aggregates in the railway segment. Consolidated adjusted EBITDA reached ARS6.484bn, down 11.2 per cent when compared with the 1Q21. The EBITDA margin contracted 214 basis points YoY from 35.7 to 33.6 per cent. The net profit of ARS3.134bn was down 21.3 per cent when compared with the year-ago period. Commenting on the... |