Cement News tagged under: South America
Cementos Pacasmayo reports 14% advance in 1Q net profit07 June 2024, Published under Cement NewsPeru-based Cementos Pacasmayo SA reported a 7.2 per cent decline in cement, concrete and prefabricated product sales in the first quarter of 2024 to 685,700t from 738,600t in the 1Q23. Net sales slipped by 0.7 per cent to PEN476.5m in the 1Q24 from PEN480m in the year-ago period. However, the company was able to report a 9.6 per cent YoY uptick in operating profit to PEN95m from PEN86.7m in the 1Q23. Net profit was up 13.8 per cent YoY to PEN49.5m from PEN43.5m over the same period, resu... |
Peru's cement consumption up 8% in April05 June 2024, Published under Cement NewsCement dispatches in Peru increased eight per cent YoY to 0.97Mt in April 2024, according to the country’s cement association, ASOCEM. Of this total, 0.886Mt were delivered by the association’s members. However, domestic cement producers reduced their cement output by five per cent YoY to 0.869Mt while clinker output advanced by 27 per cent YoY to 0.801Mt in April 2024. External trade Cement exports fell by 33 per cent YoY to 9000t in April 2024, but clinker exports edged up by one per... |
Colombian cement market expands 9% in April04 June 2024, Published under Cement NewsCement dispatches in Colombia increased by 8.7 per cent YoY to 1.073Mt in April 2024 from 0.988Mt, according to the country’s statistics office, DANE. Bagged cement sales saw a 10.5 per cent YoY uptick, reflecting a 13.8 per cent expansion of the retail segment. Bulk sales were up 5.1 per cent YoY as concrete companies increased their off-take by 6.1 per cent, and sales to construction companies and contractors edged up by two per cent. On the supply side, production by Colombian cement ... |
Peruvian cement dispatches contract 8% in March04 June 2024, Published under Cement NewsCement dispatches in Peru declined by eight per cent YoY to 0.897Mt in March 2024, reports the Peruvian cement association, ASOCEM. Of this total, 0.825Mt was dispatched by ASOCEM members. Cement production by ASOCEM members slipped by three per cent YoY to 0.869Mt, but clinker production by members advanced by six per cent YoY to 0.821Mt in March 2024. External trade Cement exports dropped by 23 per cent YoY to 10,000 while domestic cement producers increased their clinker exports by ... |
Brazil's cement market expands 12% in April30 May 2024, Published under Cement NewsCement dispatches in Brazil increased 12.3 per cent YoY to 5.142Mt in April 2024 from 4.577Mt in April 2023. Dispatches advanced 5.7 per cent MoM from 4.865Mt in March 2024, when sales fell by 10.4 per cent YoY, according to the country's cement association, SNIC. While the country's unemployment rate has fallen and wages have increased, cement consumption continues to be affected by high default rates and household debt. In addition, the interest rate persists to be high. "Given this sc... |
Argentine cement market contracts 31% in 4M2421 May 2024, Published under Cement NewsCement demand in Argentina fell to 661,122t in April, representing a YoY drop of 35.7 per cent from 1,028,598t in April 2023 but up 4.2 per cent MoM from 634,342t in March 2024, according to the country’s cement association, AFCP. Domestic production saw a 35.6 per cent fall to 666,7791t in April 2024 from 1,035,525t in April 2023 but a 4.4 per cent increase MoM from 638,824t in March 2024. Argentine producers exported 5910t of cement in April 2024, down 14.7 per cent from 6927t in April... |
Buzzi to increase stake in Cement Nacional to 100%20 May 2024, Published under Cement NewsItaly-based Buzzi SpA said it will increase its stake in Brazilian cement producer Cimento Nacional (NCPAR) to 100 per cent from the current 50 per cent as its joint venture partner, Grupo Ricardo Brennand , exercises its put option, according to a statement by the company. The price will be determined based on existing agreements and may also vary depending on the exchange rate of the real. The total investment is currently estimated EUR290-310m (US$315m-337m) and will be funded with ... |
Biomass: fuel of the future16 May 2024, Published under Cement NewsThe use of biomass is a significant step forward in the decarbonisation of the cement industry. The last decade has seen the introduction of a range of biomasses in the kilns of Cementos Argos, which sees it as a fuel of the future. By Mauricio Giraldo, Cementos Argos, Colombia Biomass provides a low- or zero-carbon fuel for the cement industry (© Cementos Argos) A s the first quarter of the 21st century is nearing its end, it is clear that human-induced climate change has... |
Colombian market contracts 19% in March16 May 2024, Published under Cement NewsCement dispatches in Colombia fell 19.1 per cent YoY to 0.941Mt in March 2024 from 1.163Mt in March 2023, according to the nation’s statistics office, DANE. Bagged cement sales decreased by 20.2 per cent YoY while bulk cement sales were down 16.8 per cent YoY in March 2024. The retail sector saw the largest contraction by 9.1 per YoY, followed by the construction companies and contractors segment (-4.2 per cent) and ready-mix concrete companies (-3.9 per cent). Other markets saw sales slip ... |
Votorantim Cimentos improves 1Q margins15 May 2024, Published under Cement NewsVotorantim Cimentos ended the 1Q24 with better margins due to higher sales volume and lower costs. The company’s global cement sales totalled 8.1Mt, up one per cent YoY compared to 1Q23. The company posted global net revenue of BRL5.5bn (US$1.072bn) in the 1Q24, down four per cent in local currency (excluding the effect of exchange rate variation) compared to the same period last year. This resulted primarily from lower volume in North America, which was partially offset by positive res... |