Cement News tagged under: chile
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 ... |
Cemento Polpaico sees 13% in 2Q revenue16 September 2024, Published under Cement NewsChile-based Cemento Polpaico has reported a revenue of CLP75,974.55m (US$83.1m) in the second quarter of 2024, down 12.7 per cent when compared with CLP87,062.56m in the year-ago period. The company’s net loss fell to -CLP2061.89m from -CLP2348.78m in the 2Q23. In the first half of 2024, the company posted a revenue of CLP159,434.44m, down 12.4 per cent when compared with CLP181,936.39m in the 1H23. Net loss improved to -CLP3262.32m in the 1H24 from -CLP4796.41m in the equivalent period of ... |
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... |
Unacem US shipments surge in 2Q2429 July 2024, Published under Cement NewsPeru-based Unacem saw its shipments jump by 96.4 per cent YoY to 324,000t in the 2Q24 following its acquisition of the Tehachapi cement plant in California, USA. "This significant growth is partially explained by the addition of Tehachapi to the portfolio (...), which contributed 159,000 tons of cement," added the company in the Management Discussion and Analysis document sent to the Superintendencia del Mercado de Valores (SMV). Ready-mix concrete volumes were 254,000m 3 while aggregat... |
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.... |
Cemento Polpaico reports CLP4722.8m loss in 202328 March 2024, Published under Cement NewsChile-based Cemento Polpaico SA , part of the Hurtado Vicuña Group , posted a loss of CLP4722.8m (US$4.81m) in 2023, compared with a CLP3921m profit in 2022. Revenues fell 7.4 per cent YoY to CLP341140m from CLP368390m. The company sold 1,637,770t of cement in 2023, down 19.3 per cent than the equivalent period in 2022. Concrete sales decreased by 19.7 per cent YoY to 2,560,238m 3 in 2023. Cemento Polpaico started a corporate and operational reorganisation, including its subsidiaries, ... |
Freehill Mining to supply Cementos Melón14 February 2024, Published under Cement NewsAustralia-based Freehill Mining Ltd has secured a purchase order from Chile’s Cementos Melón with a gross sales value of approximately US$185,000. The purchase order is for the supply of material to Melón’s Coquimbo cement plant from Freehill’s 100 per cent-owned Yerbas Buenas project in Maule Region, Chile. The material will be delivered over a two-month period, likely to commence in mid-March 2024. Although the volume and price secured per cubic metre under this purchase order has no... |
Chile's cement market closes 2023 with 11% drop12 February 2024, Published under Cement NewsChilean cement dispatches fell by 10.1 per cent YoY to 443,170t in December 2023 from 492,963t in December 2023, according to the Chilean construction chamber, CChC. In the full-year 2023 cement dispatches were down 11 per cent YoY to 5,208,803t from 5,854,997t in 2022. |
Chilean cement market contracts by 12% in November11 January 2024, Published under Cement NewsCement dispatches in Chile fell by 11.8 per cent to 408,824t in November 2023 from 463,307t in November 2022, according to data published by the country's construction chamber, CChC. In the first 11 months of 2023 dispatches were down 11.4 per cent to 4,751,918t from 5,362,034t in the year-ago period. |