Cement News tagged under: Latin America
FICEM-APCAC XXX Peru 201305 November 2013, Published under Cement NewsPeru, currently home to one of the world’s fastest-growing cement markets, played host to the annual FICEM-APCAC Technical Congress on 2-4 September 2013 at the Delfines Hotel and Casino in Lima. A resounding success, the conference and exhibition attracted a record 358 delegates from across the Latin America and the Caribbean regions, making it one of the largest meetings ever convened by the association. Gladys Triveño Chan Hang, Peru’s minister of production, cuts the ribbon to mar... |
Peru’s Cementos Pacasmayo net profit up 4.1%30 October 2013, Published under Cement NewsCementos Pacasmayo saw its net income increase by 4.1 per cent to PEN48.8m (US$17.6m) in the third quarter compared to the same period of 2012. Consolidated EBITDA rose by 17.6 per cent YoY to PEN90.2m. In the first nine months of the year, net income advanced 0.5 per cent YoY despite a weak 2Q13. Consolidated EBITDA registered a 28 per cent rise. In terms of cement sales, Pacasmayo noted a 3.5 per cent increase YoY with output up 3.3 per cent YoY. Cementos Pacasmayo is the secon... |
Cemex Latin America cement shipments edge ahead, grows stronger downstream24 October 2013, Published under Cement NewsCemex Latin American Holdings' turnover for the first nine months of the year advanced by eight per cent to US$1287.8m, while the EBITDA increased by 16.2 per cent to US$474.4m. The increase at the trading level was a little less at 14.1 per cent to US$405.4m. After a net interest charge of US$86.8m, the pre-tax profit amounted to US$309.1m. Net debt at the end of September stood at US$1345m, to give a gearing level of 94.7 per cent, with 88 per cent of the total gross debt being denomina... |
Cimpor outlines Latin America spend16 September 2013, Published under Cement NewsCimpor is to invest some BRL3bn (US$1.319bn) over the next four years which is expected to include new factories in Brazil and Argentina. Company CEO Ricardo Lima said the main objective is to reinforce Cimpor's position in Brazil where it operates in all regions except the north. The company is therefore gong to invest in a new unit in northern Brazil, probably Belem or Manaus, he told local news agency, Lusa. Another factory is being planned for Argentina’ western province of San Jua... |
S&P lifts Cimpor outlook from stable to positive05 September 2013, Published under Cement NewsStandard & Poor’s has reaffirmed its ‘BB/B’ long and short term rating on Cimpor and InterCement, revising the outlook from stable to positive. The change follows the Outlook revision from stable to positive, keeping a ‘BB’ rating of Camargo Correa, which indirectly controls 94.2 per cent of Cimpor share capital. According to the rating’s agency, the outlook revision to positive based on the successful integration of InterCement and Cimpor assets and on the expectation that the new cement ... |
Cemex seeks further collaboration for housing and infrastructure projects21 August 2013, Published under Cement NewsDuring its participation in the XLVIII Inter-American and Caribbean Housing Conference, Cemex announced that it has collaborated in the development of infrastructure projects, as well as in the construction of close to 10,000 housing units. Speaking at the event in the Chilean capital Santiago, Carlos González, president of Cemex in the Dominican Republic and leader of Cemex's Infrastructure and Housing Initiative, exemplified the diverse integrated solutions that Cemex offers the market, ... |
Brazil's monthly cement sales up 4.4%13 August 2013, Published under Cement NewsBrazilian cement sales in during July increased by 4.4 per cent YoY to 6.2Mt, latest data from Sindicato Nacional da Indústria do Cimento shows. During the January-July 2013 period, local sales edged ahead on the same period of last year by two per cent to reach 39.9Mt. For the rolling 12 months between August 2012 to July 2013, sales were 69.2Mt, a 2.9 per cent advance on the corresponding period of the previous year (August 2011-July 2012). |
Cemex Latin American Holdings recovers in 2Q25 July 2013, Published under Cement NewsCemex Latin American Holdings' first-half turnover improved by 2.8 per cent to US$814m and the EBITDA rose by 12.2 per cent to US$306.4m. The increase at the trading level was a somewhat more modest 7.3 per cent to US$260.3m. After a net interest charge of US$58.8m, the pre-tax profit emerged at US$193.4m. Net debt at the end of June stood at US$1411m, giving a gearing level of 103.9 per cent. Cement shipments in the period was 1.7 per cent lower at 3.62Mt, while aggregates deliveries wer... |
Peru’s cement market expands 11.4% in 1H1316 July 2013, Published under Cement NewsDomestic cement dispatches in Peru totalled 4,904,873t in the first half of 2013, representing an increase of 11.42 per cent when compared with 1H12, according to Peru’s cement producers’ organisation, Asocem. Cement production in the Jan-Jun period reached 5,020,162t, up 12.1 per cent YoY from 4,478,151t. June proved an excellent month for exports as local cement producers shipped 92,271t of cement across the country’s borders, noting a 37.4 per cent rise YoY. |
Cemengal receives new order from Latin America17 June 2013, Published under Cement NewsCemengal has received an order from a client in Latin America to supply a Plug&Grind®. This is a complete cement grinding and packing station, assembled in Spain with European components, shrunk to eight containers and able to produce up to 100,000tpa of standard OPC cement. |