Cement News tagged under: Argentina
Loma Negra inaugurates second line08 December 2021, Published under Cement NewsLoma Negra (InterCement group) has inaugurated its new production line at the L'Amalí plant in Olavarría, Argentina. Together with national, provincial and municipal authorities, and the cement manufacturer’s customers and suppliers, the second production line of L'Amalí, the largest cement plant in South America, was inaugurated on 6 December 2021. Its incorporation allows the company to increase cement production capacity by 40 per cent and create more than 160 new direct jobs. |
InterCement's cement volumes remain stable in 3Q21 at 5.4Mt01 December 2021, Published under Cement NewsInterCement reports that its total cement volume remained at a solid 5.4Mt in the 3Q21, reflecting stability YoY due to the sizeable comparison base of last year, when post pandemic pent-up demand enhanced the base. The cement industry in Argentina remained on a strong pace, with Loma Negra volumes up eight per cent YoY, helped by some recovery of bulk segment. Argentine volumes expanded by 8.4 per cent versus the 3Q20. InterCement’s Brazilian volumes sold reached 2.5Mt, despite... |
Loma Negra reports 9% increase in 3Q revenue12 November 2021, Published under Cement NewsArgentina’s Loma Negra has reported an 8.5 per cent YoY increase in revenue to ARS17,800m (US$176m) in the third quarter of 2021, against ARS16,399m in the comparable period of 2020. Consolidated adjusted EBITDA declined 9.1 per cent to ARS4696m from ARS5167m, while the margin fell to 26.4 per cent from 31.5 per cent. Net profit also decreased 84.9 per cent YoY to ARS1490m, mainly due to an extraordinary result in the year-ago period which saw a divestment in Paraguay. “We are pleased to ... |
Argentine cement market expands 7% in October11 November 2021, Published under Cement NewsArgentina’s cement consumption increased 6.6 per cent YoY and 2.8 per cent MoM to 1,141,043t in October 2021, according to AFCP, the country’s cement association. All cement in the market was produced by domestic producers with no imports reported. Total output by Argentine cement plants reached 1,152,077t, up 6.1 per cent YoY and 2.8 per cent MoM. This included 11,034t of exports, which represented a YoY drop of 27 per cent. In the first 10 months of 2021, total cement demand in the Sou... |
Loma Negra relights L'Amalí kilns27 October 2021, Published under Cement NewsArgentine-based Loma Negra has turned its kilns at its L'Amalí in Olavarría back on after resolving the conflict with Minerar, the union that exploits the company’s limestone quarry. The Argentine Mining Workers Association (AOMA) and Loma Negra reached an agreement to improve the working conditions of Minerar’s staff. |
Loma Negra pauses production at L'Amalí plant26 October 2021, Published under Cement NewsArgentina’s Loma Negra has reportedly stopped production at its L'Amalí plant in Olavarría as a result of a union conflict between the Mining Workers Association of Argentina (AOMA) and its limestone supplier, Minerar, leaving it without stock of the raw material. The conflict between AOMA and Minerar is the only cause of the suspension of production. It is expected to have a significant impact if left unresolved as the L'Amalí plant represents 70 per cent of the company’s total productio... |
Argentina's cement market expands 7% in September06 October 2021, Published under Cement NewsArgentinian cement demand increased seven per cent YoY to 1,110,527t in September 2021 from 1,037,475t in September 2021, according to the country’s cement association, AFCP. When compared with August 2021, there was a 2.5 per cent uptick from 1,083,8224t. There were no imports. Argentina’s cement producers shipped 1,121,180t of cement in September 2021, up 7.4 per cent YoY from 1,043,608Mt and 2.3 per cent MoM from 1,096,465t. Of this total 1,110,527t was delivered to the domestic market,... |
Argentina's market resurgence01 October 2021, Published under Cement NewsArgentina's economy posted growth of 17.9 per cent YoY in the second quarter of 2021, recovering strongly after the contraction in the same period of 2020. One of the areas driving this pick-up is the construction sector, which has been seeing a resurgence in demand after the impacts of the COVID-19 pandemic last year. The country is also set to go to the polls for a mid-term election on 14 November, but the government, led by Alberto Fernandez, has already weathered a blow as opposition p... |
Argentina sees 18% demand increase in August06 September 2021, Published under Cement NewsIn August 2021 the Argentine market expanded by 18.2 per cent YoY to 1,083,914t from 917,233t in August 2020 while MoM there was a 3.9 per cent improvement in offtake, according to the Asociación de Fabricantes de Cemento Portland (AFCP). Cement dispatches from Argentina’s cement producers advanced 18.8 per cent YoY and 4.1 per cent MoM to 1,096,564t in August 2021 from 922,743t and 1,053,191t, respectively. Of this total, 1,083,914t were delivered to the domestic market, up by 18.2 per ... |
Loma Negra records 47% advance in net revenue13 August 2021, Published under Cement NewsArgentina's Loma Negra has reported a 46.6 per cent YoY increase in net revenue to ARS14.269bn (US$147m) in the quarter ending 30 June 2021, mostly driven by its cement segment. Its consolidated adjusted EBITDA also climbed 74.1 per cent YoY to ARS4354m, with the EBITDA margin expanding from 25.7 per cent to 30.5 per cent. "We are pleased to announce another quarter with an excellent performance. Demand continues with a strong momentum and, after several quarters of recovery, is now exceedi... |