Cement News tagged under: Cementos Bío Bío
US group offers US$500m for Cementos Bío Bío21 November 2024, Published under Cement NewsChile-based Cementos Bío Bío revealed that on 29 May it received an offer from US group Mississippi Lime Co to acquire 100 per cent of the company and that the shareholders are negotiating the sale of the company. The offer, for almost US$500m, was reported in an essential fact filled with the Financial Market Commission 30 May. However, the board decided to make the information public because a shareholder of Bío Bío, Peruvian company Yura , gave an offer last week for 20 per cent of... |
Yura announces bid to acquire stake in Cementos Bío Bío14 November 2024, Published under Cement NewsYura Chile SA, part of Peru's Yura (Gloria Group) has announced the start of a public offer for the acquisition of shares in Chile to purchase a stake of up to 20.059 per cent of Cementos Bío Bío SA (CBB). Yura plans to acquire a maximum of 53m shares of the Chilean cement producer at a price of CLP1092.10/share. The offer will be open for a period of 30 days – until 13 December 2024. The bid for CBB is part of the Gloria Group's regional expansion strategy. The group seeks to establish ... |
Cementos Bio Bio reports sees 2Q profit surge02 September 2024, Published under Cement NewsChile-based Cementos Bio Bio SA (CBB) reported sales of CLP84.283bn (US$92.2m) in the second quarter of 2024, up 2.1 per cent from CLP82.569bn in the year-ago period. Profit before tax increased to CLP7.409bn in the 2Q24 from CLP2.003bn in the 2Q23. The company’s net income in the 2Q24 advanced to CLP6.519bn in the 2Q24 from CLP2.656bn in the 2Q23. Basic earnings per share from continuing operations was CLP25, up from CLP10 in the equivalent period of 2023. First half 2024 In the f... |
CBB posts 132% surge in 1Q income30 April 2024, Published under Cement NewsChile-based CBB reported sales of CLP97,781.67m (US$102.83m) in the 1Q24, up 11.1 per cent from CLP87,989.15m in the equivalent period of the previous year. In the 1Q24 EBITDA reached CLP22,803, up 44.8 per cent YoY as dispatches in all business lines increased and margins improved. Cement dispatches increased 22.6 per cent YoY to 315,000t in the 1Q24 from 257,000t in the while concrete deliveries edged up by 6.4 per cent YoY to 281,000m 3 from 264,000m 3 . Net income advanced by 131.... |
CBB to implement a new AF project at Teno17 April 2023, Published under Cement NewsCBB and Ambipar Environment’s general managers announced the implementation of a project that will enable the cement producer to recover energy from non-recyclable waste at CBB’s Teno plant in Curicó, Maule Region, Chile. The Chilean cement producer will be investing US$5m in the two-phase project. The first stage, which represents an investment of US3m will see the construction of a waste reception system, screening, feed belt to the preheater and equipment for dosing the alternative ... |
Cbb makes 2025 growth plan20 January 2021, Published under Cement NewsChile-based Cbb looks forward to 2025 with optimism, said the company’s Corporate General Manager, Enrique Elsaca Hirmas, after a year that saw the impact of the coronavirus pandemic. In the first nine months of 2020, Cbb’s revenues fell 14 per cent YoY to CLP168.986bn (US$229.2m) but while full-year figures are expected to show a decline, this will be below the 9M20 drop. In addition, the company is completing the implementation of the current US$150m Transforma 2021 plan. A total of US... |
Briones sisters sell Bío Bío stake to Gloria Group20 October 2020, Published under Cement NewsAnita and Loreto Briones Goich of ALB SpA have sold their entire 19 per cent stake in Cementos Bío Bío, the cement company founded by their father, Hernán Briones Gorostiaga in 1957. The shares were sold for approximately US$46.8m to the Peruvian Gloria Group. Cementos Bío Bío includes CBB, Inacesa, Ready Mix and Inacal and has a presence in Chile, Argentina and Peru. The sale follows the divestment of shares to Peru-based Unión Andina de Cementos, who purchased 50 per cent of the shares ... |
Chile’s CBB lays out investment plan29 April 2019, Published under Cement NewsIn its AGM Chilean cement producer CBB has highlighted the recent inauguration of its Arica cement plant in northern Chile and presented the company’s further investment projects. Representing an investment of US$20m, the company plans a 0.2Mt cement plant in Arequipa, Peru, with an option to expand the unit at a later date. "We are very satisfied with both projects, part of the Transforma 2021 Strategic Plan, as it allows us to strengthen our position in the markets of northern Chile and... |
Cementos Bio Bio announces new plant in Peru29 January 2019, Published under Cement NewsChile's Cementos Bio Bio has announced that it will invest approximately US$20m in the construction of a new grinding plant at the Port of Matarani in southern Peru. The plant's cement capacity is initially expected to reach 200,000tpa, however this could be doubled in a second stage of development. The project has already received the required permits and therefore, the company expects to begin construction work this year, with operations expected to begin in 2020. According to Cementos... |
Unacem buys Cementos Portland for US$28m15 October 2018, Published under Cement NewsPeru-based Unacem has acquired Cementos Portland for US$28m from Cementos Bío Bío and Votorantim. Unacem, which operates 8.3Mta of production capacity at two plants at Atocongo and Condorcocha, informed the Superintendency of the Stock Market (SMV) that on 10 October, it had carried out "a transfer of 100 per cent of the shares representing the capital stock of Cementos Portland for the total price of US$28,095,802". |