Cement News tagged under: Cementos Bio Bio
Chile's changing market02 December 2016, Published under Cement NewsThis week Cementos Bio Bio announced its 9M16 profits had been hard hit by foreign exchange rates and a similar story was given by Cemento Polpaico, even though it quadrupled its new profits YoY. But beyond these recent results, the industry is embarking on a period of significant transition. Chile's cement market recorded its lowest sales growth in 1H16, reaching US$514bn as Cementos Melon, Polpaico and Bio Bio clawed in sales that were up just 3.7 per cent on the same period in 2015. ... |
Chile: Cementos Bío-Bío sees 8.6% profit slip in 9M201630 November 2016, Published under Cement NewsChilean cement producer Cementos Bío-Bío reported a 3.3 per cent rise in profits to CLP221.5bn (US$329m) in the January-September 2016 period from CLP214.5bn in 10M15. However, a rise in the cost of sales and financing as well as a foreign exchange loss saw the company with sharply reduced profits. Net profits reached CLP13.847m in the 10-month period, down 8.6 per cent when compared with CLP15.156m with the first 10 months of 2015. |
Chile's three largest cement producers sees 1H sales rise 3.7%27 September 2016, Published under Cement NewsChile's top three cement companies - Cemento Melon, Cementos Polpaico and Cementos Bio Bio - recorded a 3.7 per cent YoY rise in sales to CLP339.82bn (USD510.48m) in the first six months of 2016. This represents the lowest growth rate in three years. Cementos Bio Bio's sales increased 6.6 per cent to CLP151.9bn as it was affected by the economic slowdown. Cementos Polpaico posted sales of CLP75.92bn, an advance of two per cent when compared with 1H15, on the back of better pricing as volum... |
Chile: Bío Bío sees 4.2% profit rise in 201531 March 2016, Published under Cement NewsChilean cement producer Cementos Bío Bío saw its profits rise by 4.17 per cent to CLP21,141.17m (US$31.32m) in 2015 when compared with CLP20,295.75m noted the previous year. Income advanced 4.45 per cent from CLP283,525.81m in 2014 to CLP296,137.8m one year later. |
Chile's Cementos Bío Bío restructures Corpbanca and BCI loan21 August 2014, Published under Cement NewsChilean cement producer Cementos Bío Bío has reached a finance agreement with Corpbanca and BCI to restructure a loan taken out in August 2012. The CLP120bn (US$206m) loan has a maturity of seven years and a two-year grace period. The loan will be repaid in 20 quarterly installments, starting 17 November 2016. The debt restructuring is expected to enable the cement company to face a contraction in the cement market in an improved financial position. |
Chile: Bío-Bío Talcahuano cuts PM by more than 600tpa06 June 2014, Published under Cement NewsCementos Bío-Bío has cut PM emissions at its Talcahuano works by more than 600tpa. The improvement follows the installation of a bag filter, which has been in operations since last year and represents an investment of US$5m. |
Bío-Bío shares up 17% after Chilean earthquake03 April 2014, Published under Cement NewsShares of Cementos Bío-Bío rose 16.73 per cent to CLP600 on the Santiago Stock Exchanges in antipication of an increase in cement demand due to the earthquake that struck northern Chile. A strong magnitude 8.2 earthquake struck the provinces Arica/Parinacota and Tarapacá on Tuesday, followed by a tsunami and several powerful aftershocks. |
Chile: Cementos BioBio to use fly ash20 March 2014, Published under Cement NewsCementos BioBio’s Antofagasta works in the north of Chile and E-CL have signed a contract to use fly ash in the production of cement. After a long development and testing process, ash from the Central Térmica Andina and Central Térmica Hornitos thermal power stations in Mejillones will replace natural pozzolans use in the cement production process. The project will bring considerable environmental benefits as the cement works will use around 70 per cent of the ash produced by the powe... |
Cementos Bío Bío appoints new CEO, Chile28 June 2013, Published under Cement NewsChilean cement firm Cementos Bío Bío has appointed Iñaki Otegui as CEO effective 1 August 2013, the company said in a filing to local securities and insurance regulator. Otegui replaces Jorge Matus, who resigned after 39 years with the cement producer. Cementos Bío Bío is Chile's largest cement producer with four integrated plants at Curicó, Antofagasta, Talcahuano and San Antonio and a total cement capacity of 3.28Mta. |
Bío Bío and Votorantim to start work on Peruvian plant25 June 2013, Published under Cement NewsAfter two years, Chile’s Cementos Bío Bío and its Brazilian partner Votorantim have successfully obtained all permits to build their first plant in Peru, representing an investment of US$160m. In the past few weeks, the tender details for the equipment needed and the financing arrangement have been worked out. Hernán Briones, president of Bío Bío said funding would come from the cement company’s cash flow and rejected the possibility to emit shares or to realise a raise in capital. Wor... |