Cement News tagged under: South America
Colombia sees 4% increase in cement sales in April10 June 2022, Published under Cement NewsColombian cement dispatches saw a 3.7 per cent YoY uptick to 1.089Mt in April 2022 from 1.051Mt in April 2021, according to the country’s statistics office, DANE. Of this total bulk sales increased by 12.2 per cent, reflecting the growth in the ready-mix concrete sector, which expanded its offtake by 15.6 per cent YoY. However, construction companies and contractors reduced their purchases by 4.7 per cent while at retail level, sales were down by 1.2 per cent YoY. Output from domestic ce... |
Chile’s cement market contracts 16% in May10 June 2022, Published under Cement NewsCement dispatches in Chile declined by 15.8 per cent YoY to 313,101t in May 2022 when compared with the 371,947t dispatches in May 2021, according to CChC, the Chilean construction chamber. In the first five months of the year, deliveries fell by 6.8 per cent to 1,345,102t from 1,443,458t in the 5M21. |
Brazilian cement dispatches slip in May09 June 2022, Published under Cement NewsCement sales by Brazil’s cement producers slipped by 0.8 per cent to 5.487Mt in May 2022 when compared with 5.529Mt in May 2021, according to SNIC, the Brazilian cement association. Sales have been affected by record-high household indebtedness and reduced household income. The rising interest rate is at 12.75 per cent, making the financing of housing expensive. Political and economic uncertainty are resulting in cautious consumer confidence. Moreover, inflation runs into double-digit figu... |
Argentina’s cement market expands by a quarter in May09 June 2022, Published under Cement NewsCement consumption in Argentina increased by 24.5 per cent to 1,087,998t in May 2022 when compared with May 2021 when 874,188t was sold in the domestic market, according to the country’s cement association, AFCP. MoM an increase of 4.7 per cent was seen. Argentine demand was entirely supplied by domestic cement plants as no imports were reported. The country’s producers increased output by 24.2 per cent YoY and 4.7 per cent MoM to 1,098,484t in May 2022. Of this total, 10,485t were exporte... |
CBB sees profit fall by 89% in the 1Q2201 June 2022, Published under Cement NewsIn the first quarter of 2022, Chile-based Cementos Bío-Bío (CBB) has reported a 14.4 per cent advance in revenues to CLP77,062m (US$92.8m) from CLP67,373m in the 1Q21, according to Valor Futuro. EBITDA decreased by 10.2 per cent to CLP9619m, which the company attributed to “lower cement shipments and lower profit margins on cement and lime that decreased gross profit. Added to this is the increased cost of distribution, which is partly offset by the income generated from the sale of prop... |
Cemento Polpaico reports 67% drop in 1Q profit31 May 2022, Published under Cement NewsChilean cement producer Cemento Polpaico reported net sales of CLP89,359m (US$107.6m) in the first quarter of 2022, up 7.5 per cent when compared with CLP83,145m in the 1Q21. However, the company’s net profits declined by 66.9 per cent in the 1Q22 to CLP1365m from CLP4124m in the 1Q21. The reduced performance has been attributed by the company to a rise in production and distribution costs on the back of higher inflation, rising exchange rates and increasing input costs. In the 1Q22 t... |
Peruvian cement sales expected to show lower growth in 202231 May 2022, Published under Cement NewsWhile 2021 was a positive year for Peru’s cement industry as in increase in demand. "Before the pandemic, there was a notable growth in the construction category (cement, building materials and paints). However, with the arrival of the health crisis, drops of up to 50 per cent were recorded as early as April [2020]. The momentum returned months later, in September, due to the development of the sector and the improvement of homes," said Guadalupe Rosazza, business consultant for the constr... |
Gilinski launches offer for sizeable Grupo Argos stake25 May 2022, Published under Cement NewsIn Colombia business tycoon Jaime Gilinski has launched a public acquisition offer for a sizeable stake in Grupo Argos. Mr Gilinski is seeking a stake of 26-32.5 per cent of Argos, which is the third company on the business magnate’s radar. He is willing to pay around 18 per cent more on the Argos share price, reported Notices Financieras. “The purchase price for each share will be US$4.08,” the regulator told the stock exchange in a statement late on 19 May. According to Reuters, the offe... |
Cementos Melon inaugurates new grinding unit25 May 2022, Published under Cement NewsChile-based Cementos Melón has officially inaugurated its new grinding unit about 8.5km north of Punta Arenas in the country’s southern Magallanes region. The new 0.25Mta plant represents an investment of US$45m and is expected to produce 80,000t of cement in its first year as it ramps up capacity. At the inauguration, Cementos Melón General Manager, Jorge Eugenín, said: “For us Magallanes has always been an interesting market, its consumption is comparable to cities in developed count... |
SOBOCE invests in the future24 May 2022, Published under Cement NewsAs Bolivia’s economy slowly recovers from the impacts of the COVID-19 pandemic, domestic cement producer Sociedad Boliviana de Cemento (SOBOCE) accelerates its digital transformation process to meet market demand more effectively. By Sociedad Boliviana de Cemento SA, Bolivia. Sunnier times for the Bolivian cement industry? (Pictured: SOBOCE’s El Puente plant) Bolivia’s economic recovery and particularly the construction sector’s revival is not yet at full speed with the restart ... |