Cement News tagged under: Latin America
Pacasmayo's volumes impacted by El Niño effect26 April 2017, Published under Cement NewsPeruvian producer Cementos Pacasmayo SAA and its subsidiaries saw revenues decrease by 9.3 per cent and sales volumes of cement, concrete and blocks fell by 12.2 per cent primarily due to landslides, flooding and heavy rain, in the north of Peru since mid-February associated with El Niño. The gross margin of 40.3 per cent was up 3.3 percentage points due to operational efficiencies despite lower sales volumes and increased depreciation. The Cement EBITDA margin of 29.9 per cent was up 1... |
Brazil 1Q cement sales down 8% YoY19 April 2017, Published under Cement NewsCement sales in Brazil during the first quarter of 2017 declined by eight per cent YoY to 12.9Mt, according to the latest data from Sindicato Nacional da Indústria do Cimento (SNIC). In March 2017 cement sales declined by 4.4 per cent YoY to 4.7Mt. During the past 12 months (April 2016-March 2017) cumulative sales totalled 56.2Mt, 10.2 per cent less than the comparative period a year earlier. Cement consumption (including imports) totalled 4.8Mt in March, in the 12 months to the end... |
Brazil's monthly sales down 15.3% YoY05 April 2017, Published under Cement NewsBrazilian cement sales totalled 3.9Mt in February, down 15.3 per cent YoY, according to the latest market data published by local cement association, SNIC. Over the first two months of this year, sales declined by nine per cent YoY. In the 12 months to the end of February 2017, cumulative sales totalled 56.4Mt, 11 per cent lower than the comparative period of the previous year. Cement prices in the domestic market in February 2017 rose by 8.6 per cent over January 2017 but were down 11 p... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Fitch: Latin America 2017 outlook stable13 December 2016, Published under Cement NewsAccording to a new Fitch Ratings report, the 2017 Latin American cement outlook for both ratings and the sector is stable. Associate Director at Fitch Ratings, Gilberto Gonzalez: “Issuers have built significant operations in the US, which should benefit from increased public and private spending… Housing starts should increase seven per cent to 1.26m, which should provide an additional boost.” For Argentina cement consumption is forecast grow in the mid-single digits, recovering some o... |
Dangote Asian expansion?18 October 2016, Published under Cement NewsAccording to a Ghanaian news source, Dangote Cement is hoping to expand into the Asian market over the next decade. It is reported that the company plans to launch in southeast Asia and Latin America once it is able to consolidate its operations in Africa. Immediate targets for such an expansion are countries such as Nepal, Indonesia, Vietnam and Colombia, according to Armando Martinez Gallegos, director of Dangote’s Ibese plant in Nigeria. Mr Gallegos commented, “Dangote has to first ... |
Seizing opportunities08 August 2016, Published under Cement NewsCementos Argos has expanded rapidly over the last decade from a local Colombian company to a multinational cement, concrete and aggregates player, competing successfully in a global business environment. ICR speaks with Cementos Argos’ CEO, Juan Esteban Calle, about the company’s continued rise. Juan Esteban Calle, CEO of Cementos Argos By the end of 2015 Cementos Argos had transformed its operations to encompass nine integrated cement plants in Colombia, three in the US and one... |
Cemex Latin American Holdings sees improved cement volumes in Colombia28 July 2016, Published under Cement NewsCemex Latin American Holdings' first-half turnover fell by 10.1 per cent to US$672.1m, while EBITDA came off by 4.4 per cent to US$226.1m. At the trading level there was a 4.3 per cent reduction to US$183.5m. After a net interest charge 27.6 per cent lower at US$29.4m, the pretax profit emerged 16.5 per cent higher at US$165.4m. The net attributable profit rose by 22 per cent to US$100.6m. Net debt at the end of June was 8.6 per cent lower than a year earlier at US$984m, giving a gearing lev... |
Cemex Latin American Holdings profits drop 65%05 February 2016, Published under Cement NewsCemex Latin American Holdings saw turnover decline by 17.3 per cent to US$1427.1m and EBITDA dropped by 22 per cent to US$449.8m with the margin declining from 33.5 to 31.5 per cent. The trading profit fell by 41.2 per cent to US$281.5m and after an 18.5 per cent drop in financial expenses to US$73.7m and other items, the pretax profit dropped by 55 per cent to US$188.5m. After tax and minorities, the net attributable profit emerged 65.1 per cent lower at US$95.9m. The net debt was 9.3 pe... |
Brazil sees full-year fall in sales14 January 2016, Published under Cement NewsBrazilian cement sales in 2015 declined by 9.2 per cent YoY to 64.4Mt, preliminary data and market estimates published by Sindicato Nacional da Indústria do Cimento (SNIC) reveal. Dispatches were down in all five regions, with the steepest annual declines registered in Central-West (-12.5 per cent) and Southeast (-10.9 per cent), followed by the North (-7.8 per cent), South (-6.9 per cent) and Northeast (-5.7 per cent). Imports for the period totalled 504,000t, down 38 per cent YoY, ... |