Cement News tagged under: South America
June sales in Chile down 16%23 August 2022, Published under Cement NewsChile’s cement market contracted 16.4 per cent YoY as cement producers dispatched 297,514t of product in June 2022, according to the Chilean construction chamber, CChC. In June 2021 cement dispatches reached 355,851t. In the first six months of 2022 domestic cement dispatches declined 8.1 per cent YoY to 1,972,730t. In the 6M21 dispatches stood at 2,145,846t. |
UNACEM sees contracting 2Q profit margin23 August 2022, Published under Cement NewsPeru-based UNACEM reported a consolidated net profit of PEN110.8m (US$26.7m), up 25.8 per cent YoY, as the company’s revenues increased and interest expenses fell. However, the cost of sales was higher than expected, impacting YoY profit margins. UNACEM’s consolidated revenues reached PEN1429.6m, up 19.8 per cent YoY as cement sales volumes increased in Peru (+13.8 per cent) and the USA (+15.7 per cent) while ready-mix sales volumes were up 54 per cent in Chile and by 34 per cent in the USA... |
Brazil's cement sales decline by 7% in July22 August 2022, Published under Cement NewsCement sales in Brazil fell by 6.6 per cent YoY to 5.51Mt in July 2022 from 5.899Mt in July 2021, according to the Brazilian cement association, SNIC. However, when considering dispatch per working day, the decrease is only 2.6 per cent YoY. Exports saw a 33.3 per cent drop to 28,000t in July 2022 from 42,000t in July 2021. January-July 2022 In the first seven months of 2022, domestic dispatches were down to 3.3 per cent to 36.094Mt from 37.334Mt in the 7M21. In addition, cement producer... |
Argentine cement consumption up 10% in July19 August 2022, Published under Cement NewsCement demand in Argentina increased by 9.9 per cent in July 2022, according to the AFCP, the country cement association. Dispatches were up 3.9 per cent MoM to 1,146,900t. The domestic market was entirely supplied by local producers. Total production increased 9.4 per cent YoY and 3.8 per cent MoM to 1,152,412Mt in July 2022. This includes exports of 5512t, down 44.6 per cent YoY and 2.6 per cent MoM. January-July 2022 In the first seven months of 2022 Argentina’s cement consumption a... |
CSN gets green light to acquire LafargeHolcim Brasil19 August 2022, Published under Cement NewsBrazil’s antitrust regulator CADE has given its approval to steelmaker Companhia Siderurgica Nacional’s (CSN) acquisition of Holcim’s local cement business. The deal is believed to be worth US$1bn, according to Reuters. CSN first announced its acquisition of LafargeHolcim Brasil in September 2021 as Holcim made moves to diversify away from its core business of cement. The board of directors at CADE reportedly approved the deal with a 7-0 unanimous vote, which will come as a blow to Braz... |
Indian producers turn to Venezuela for petcoke supplies17 August 2022, Published under Cement NewsThe surge in global coal prices has prompted Indian cement producers to turn to petcoke instead with the country importing significant volumes from Venezuela for the first time. According to Live Mint, trade data shows that India imported at least four shipments of 160,000t of petcoke from Venezuela, arriving in India between April-June 2022. A further 50,000t cargo is due to reach Mangalore, India, over the coming days and a 30,000t shipment is expected to depart Venezuela for India later t... |
Loma Negra posts 8% increase in 2Q revenues15 August 2022, Published under Cement NewsArgentina-based Loma Negra , part of InterCement do Brasil SA , reported an eight per cent YoY increase in net sales revenues to ARS25,268m in the second quarter of 2022. The company attributes the improved turnover to an increase in cement sales and a good performance in other segments, particularly in concrete and aggregates. Furthermore, the company achieved a 2.6 per cent YoY uptick in consolidated adjusted EBITDA to ARS7328m, but the consolidated adjusted EBITDA margin contracted 15... |
Argos triples port capacity09 August 2022, Published under Cement NewsCementos Argos recently inaugurated a second port terminal in Cartagena, Colombia. The project is part of the company’s wider port expansion project and represents the Latin American cement producer’s ambitions to increase its exports, particularly to the North and Central American markets. By Alberto Carlos Riobó, Cementos Argos, Colombia. The second terminal in Cartagena, Colombia, will enable Argos to triple its cement and clinker exports to 3.5Mta Cementos Argos’ recently-in... |
INC deliveries impacted by bag shortage04 August 2022, Published under Cement NewsParaguay’s state-owned cement producer INC is still not delivering cement from its Villeta plant due to a shortage of bags, reports ABC Color. The company has received bids for a contract to deliver bags but they were too high for its allocated budget of PYG31.79bn (US$4.6m). The bids from Bolpar and Kuatiapo were PYG52.2bn and PYG45.2bn, respectively. |
Brazil: sustainable growth02 August 2022, Published under Cement NewsFollowing a challenging year in 2020 due to the COVID-19 pandemic, Brazil’s cement industry enjoyed better times in 2021. However, uncertainty on several levels has led to growth stalling at the start of 2022 as cement makers face lower market growth and the need to invest in reducing their carbon footprint. By SNIC, Brazil. Uncertainty is expected to slow market growth in Brazil after a more positive year in 2021 After a sharp drop in 2020 – largely due to the COVID-19 pandemic... |