Cement News tagged under: Loma Negra

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CSN looks to buy InterCement's Loma Negra

19 September 2024, Published under Cement News

InterCement Participações , the indirect controlling shareholder of the cement producer Loma Negra in Argentina, agreed to a new exclusivity period in favour of Companhia Siderúrgica Nacional (CSN) to continue negotiating the acquisition of 100 per cent of its shareholding.   The company previously had another exclusivity period, expired as of 12 August, after two extensions. There was no renewal and negotiations were left open to the possibility of an interested third party. However,...

Negotiations for Loma Negra sale continue despite expiration exclusivity

02 September 2024, Published under Cement News

The potential sale of Loma Negra to CSN has entered a new phase after the exclusivity term to negotiate a deal expired on 12 August after an automatic renewal but has not been renewed since, reports Noticias Financieras. While negotiations with the Brazilian group continue, the expiry enables other companies to bid for the Argentinian cement producer. One candidate is Argentine businessman Marcelo Mindlin, owner of construction company Sacde, as he wants to vertically integrate all t...

Positive operational results boost Loma Negra 2Q24 net profit

08 August 2024, Published under Cement News

Loma Negra , the leading cement producer in Argentina, has announced its results for the three-month period ending 30 June 2024.  Net sales revenue for the period was ARS136.1m (US$147m), marking a decrease of 28 per cent YoY. This can be explained by a 32.5 per cent decrease in the cement segment sales volume, a trend that is consistent with that of comparable companies.  Consolidated adjusted EBITDA fell to ARS38.3m, down 11.7 per cent YoY in adjusted Argentine Pesos, while in US Do...

A more concise InterCement Participaçoes

01 March 2024, Published under Cement News

The last year has seen InterCement Participacoes (Mover) work hard to divest parts of its cement business to lower its debt. It is now being courted by several leading cement producers that are looking to make bids for further of the company's assets, making it likely that more divestments will be agreed before May and July, when the Brazilian company's latest set of debts are set to mature. Last week's statement from InterCement about having "received a series of inquiries and expressions ...

InterCement continues to downsize as it wrestles with debt

25 August 2023, Published under Cement News

InterCement Participacoes SA (ICP), based in Sao Paulo, Brazil, continues to off-load assets as it attempts to manage a debt pile accumulated over a decade ago when the company acquired Cimpor, in its former guise as Camargo Correa. The multinational cement company, still controls 33.6Mta capacity across markets in Argentina, Uruguay, Brazil, South Africa and Egypt, although agreements have been made for the sale of assets in Africa, following the sale of Mozambique. In recent years, t...

InterCement assets in Brazil and Argentina are on other players' radar

21 July 2023, Published under Cement News

According to Valor, InterCement assets are being valued by local and global players. The operations of Loma Negra, Argentina, are being looked at by CEMEX , Pacasmayo and Argos . Loma Negra has nine plants and 45 per cent of the market.     According to Valor, the Brazilian operation could raise the interest of Buzzi, Vicat, Votorantim, CSN, Titan and Mizu. However, no official comment has been made from the parties in the article. In Brazil InterCement has a total production c...

Loma Negra 1Q net profit sees 19% drop

11 May 2023, Published under Cement News

Loma Negra , part of InterCement do Brasil , posted net sales revenues of ARS40,590m (US$197m) in the 1Q23, up 2.9 per cent YoY, on the back of good top line performance of concrete and aggregate segments that offset a drop in cement revenues. Consolidated adjusted EBITDA reached ARS10,636m, down 19.7 per cent YoY in adjusted pesos, while in US dollars it reached US$63m, up 5.8 per cent YoY. The consolidated adjusted EBITDA margin contracted 738 basis points you to 26.2 per cent in the 1...

Loma Negra posts 1% uptick in revenue in 2022

10 March 2023, Published under Cement News

Argentina’s Loma Negra has reported a two per cent YoY increase in revenue in the 4Q22 to ARS36,763m (US$215m), mainly driven by a strong performance in the concrete and aggregates segments, which helped offset a fall in cement sales. Adjusted EBITDA came in at ARS13,173m, up 5.4 per cent YoY in adjusted pesos, or up 42.7 per cent in dollars at US$91m. Net profit over the quarter stood at ARS7452m, boosted by the sale of non-strategic property, according to the company.  For the full y...

Sinoma’s Latin American debut

09 January 2023, Published under Cement News

Loma Negra’s L’Amali Line II project in Argentina is the first EPC project contracted by Sinoma Overseas Development Co Ltd (a subsidiary of CNBM) in South America. Involving the successful integration of international and local expertise, performance results after the first year of operation have exceeded guarantee values. By Sinoma Overseas Development Co Ltd, China. Sinoma Overseas Development Co’s scope for the 5800tpd L’Amali Line II project spanned the complete cement product...

Loma Negra reports 4% revenue growth in 3Q22

10 November 2022, Published under Cement News

Argentina-based Loma Negra has posted a 4.2 per cent YoY rise in revenue to ARS33,942m (US$212m) in the 3Q22. This is mainly attributed to an increase in cement sales along with s strong performance by the company’s concrete and aggregates segments. Consolidated adjusted EBITDA over the same period fell 12.7 per cent YoY in adjusted pesos to ARS7508m but advanced 33.9 per cent YoY to US$68m in dollars. The consolidated adjusted EBITDA margin contracted from 26.4 per cent to 22.1 per cen...