Cement News tagged under: South America
Chile’s cement dispatches down 10% in January-February 202312 April 2023, Published under Cement NewsCement dispatches in Chile fell by 9.5 per cent to 288,761t in February 2023 from 309,297t in February 2022, according to the country’s construction chamber, CChC. In the first two months of 2023, deliveries declined by 10.2 per cent YoY to 598,058t from 666,175t in the year-ago period. |
Argentine cement consumption up 6% in March06 April 2023, Published under Cement NewsArgentina’s cement market expanded by 6.4 per cent in March 2023 as 1,114,722t of cement were supplied, compared to 1,047,227t in March 2022, according to the country’s cement association, AFCP. Compared with February 2023, the advance was 24.4 per cent. Domestic production of 1,114,003t – up 6.4 per cent YoY from 1,047,227t – was supplemented by 719t of imports to meet the market requirement in March 2023. Exports dropped considerably to 3770t in March 2023 from 11,462t in March 2022. ... |
Cement demand in Colombia falls 4% in February04 April 2023, Published under Cement NewsCement consumption in Colombia fell by 4.4 per cent YoY to 1.058Mt in February 2023 from 1.107Mt, according to the country’s statistics office, DANE. Of this total, bagged cement sales showed a 7.1 per cent fall, but bulk sales were up by 1.3 per cent YoY. Sales to construction companies and contractors contracted by 14.1 per cent while the retail sector saw a six per cent reduction in offtake. Ready-mix concrete company sales increased by 3.6 per cent YoY. Colombian cement producers dis... |
Peruvian cement market contracts 17% in February23 March 2023, Published under Cement NewsCement demand in Peru fell by 17 per cent YoY to 0.883Mt in February 2023 from 1.068Mt in the year-ago period, according to the country’s cement association, Asocem. Of this total, 0.856Mt were dispatched by Asocem members. Cement production in February 2022 declined 17 per cent YoY to 0.865Mt from 1.037Mt in February 2022. Clinker production expanded by seven per cent YoY to 0.759Mt in February 2023. In terms of exports, cement exports were down by a quarter to 11,000t in February 2023 wh... |
Ecebol plant expected to start up in June21 March 2023, Published under Cement NewsBolivia’s Empresa Pública de Cemento (Ecebol) expects to commission its new Potosí plant in June with the project currently 92 per cent complete and a budget execution of 85 per cent. The start-up of the 1.3Mta plant will take place on 30 June with the grinding and dispatch of the first products. "The first bags of cement will be in November to then verify the quality and put them on sale," said the country’s Minister of Productive Development, Néstor Huanca. He also indicated that t... |
Votorantim Cimentos posts net revenue of BRL25.8bn in 202216 March 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favourable price dynamics in all regions where it operates, which mitigated cost pressures and the impact of the exchange rate in the year. Cement sales in the countries where the company has operations totalled to 36.8Mt, one per cent less than the previous year. The company posted BRL1.1bn in net profit in 2022, 30 per cen... |
Cement sales in Brazil drop 7% in February14 March 2023, Published under Cement NewsBrazil’s cement association, SNIC, reported that cement sales in the domestic market declined by 7.2 per cent YoY to 4.42Mt in February 2023 from 4.763Mt. SNIC attributes the contraction to Brazil’s economic scenario with high household debt, high interest rates and inflation as well as above-average rainfall. Consumer confidence showed a second-consecutive month’s drop. Industry confidence was negatively affected by a slowdown in demand and high input costs. The decline was the largest in... |
Loma Negra posts 1% uptick in revenue in 202210 March 2023, Published under Cement NewsArgentina’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... |
Colombia's cement market contracts 4% in January08 March 2023, Published under Cement NewsColombian cement dispatches declined 3.5 per cent to 0.93Mt in January 2023 from 0.964Mt in January 2022, according to the country’s statistics office, DANE. When compared with January 2019 cement demand increased 1.4 per cent from 0.917Mt. The 3.5 per cent drop in dispatches was driven by the contraction in Antioquia (-9 per cent) and Nariño (-64.9 per cent). While bulk dispatches remained stable, bagged cement sales fell by five per cent YoY in January 2023. Bulk sales growth of 14.3 p... |
Argentina's cement consumption down 5% in February07 March 2023, Published under Cement NewsThe cement market in Argentina contracted by 4.5 per cent YoY and 6.5 per cent MoM to 895,938t in February 2023, according to the country’s cement association, AFCP. In February 2022 demand reached 938,072t while in January 2023 it stood at 958,230t. All domestic demand was supplied by local cement producers, who produced 900,150t, down 5.1 per cent YoY from 948,858t and -6.8 per cent MoM from 965,633t. Of total output, 4212t was exported, representing a 60.9 per cent YoY drop from 10,786t... |