Cement News tagged under: Chile
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. |
Cementos Bio Bio raises output 8% in 201220 February 2013, Published under Cement NewsChilean cement producer Cementos Bio Bio increased its production by eight per cent YoY from 1.5Mt to 1.6Mt in 2012. As a result, the company, led by Hernan Briones, was able to maintain its 29 per cent market share. Over the same period, Bio Bio also raised its concrete sales by nine per cent from 2.4Mm3 to 2.6Mm3, holding its 27 per cent market share. Lime sales were 11.7 per cent higher at 583,000t. The company continues the expansion of its Copiapó lime plant, which represents a ... |
Latin American cement demand rises in 2Q201209 October 2012, Published under Cement NewsCement consumption in the second quarter in major Latin American economies closely reflected the current economic cycle and countries such as Peru, Bolivia and Chile stood out for their dynamism against a background of overall economic growth, according to the latest Infrastructure, Water & Waste Stats report by BNamericas. Peru noted a 18.3 per cent YoY rise to 2.235Mt in cement demand. For 2012, the country is expected to grow by 5.9 per cent, making it the fastest-growing economy in the ... |
Chile notes 12 per cent increase in construction activity09 October 2012, Published under Cement NewsChile’s monthly index of construction activity, Imacon, registered a 12 per cent YoY rise in August, surpassing the 0.72 per cent increase noted in July. Javier Hurtado, director of studies of the Chilean Chamber of Construction (CCHC) said that the sector activity continues to show double-digit annual growth rates, in line with most of the indicator’s components (employment, demand for building supplies, building permits and general contractor activity). The activity of general contracto... |
Dangote sets sights beyond Africa24 September 2012, Published under Cement NewsDangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at... |
Mixed results for Chilean producers06 June 2012, Published under Cement NewsTwo of Chile’s top cement producers have reported mixed results for the first quarter of 2012. Cementos Bío Bío (CBB) posted a net loss of CLP408m (US$787,000) in the first quarter, compared with a net profit of CLP204m in 1Q11. The results were due to non-operational charges related to foreign exchange effects, the firm said in a research note. First-quarter sales were up 4% to CLP84.8bn from the year-ago period, and EBITDA increased 29% YoY to CLP11.7bn. Meanwhile, Cementos Melón repo... |
Chile’s per capita demand advances31 January 2012, Published under Cement NewsPer capita consumption of cement in Chile is reaching the levels noted before the 2008 economic crisis and is equated with those of developed countries, according to data released by the MG Penta Consulting Group. In 2010 the figure reached 246kg per capita in the country, and it is estimated that by 2011 this number is approaching 300kg, exceeding the peak experienced in 2008, when it was 290kg. Claudio Parraguez, manager of Penta MG Planning Group, said: " Our country already has a p... |