Cement News tagged under: South America
Argentina’s cement market expands 16% in February08 March 2022, Published under Cement NewsCement consumption in Argentina increased 15.6 per cent YoY to 938,327t in February 2022 when compared with 811,697t in the second month of the previous year, according to AFCP, the national cement association. The country’s entire demand was supplied by domestic production, which advanced 15.7 per cent YoY to 949,113t in February 2022, up from 820,255t in February 2021. In addition to local supply, Argentina’s cement producers exported 10,786t of cement, up 26 per cent from 8558t in the ... |
Loma Negra sees 37% drop in net profit in 4Q2108 March 2022, Published under Cement NewsArgentina-based Loma Negra , owned by I ntercement do Brazil SA , reported a 37.4 per cent fall in net profit to ARS2795m (US$25.8m) in the fourth quarter of 2021. Revenues from sales in the 4Q21 declined 3.8 per cent YoY to ARS19,257m, driven by a decrease in cement sales and only partially offset by improved sales in aggregates and the company’s railway business. However, bagged sales remained robust on the back of solid demand from the retail market. Retail demand kept its strong p... |
Chile’s market demand is stable in January08 March 2022, Published under Cement NewsCement consumption in Chile remained broadly stable in January 2022, edging up by 0.2 per cent to 347,211t when compared with January 2021, according to the Chilean chamber of construction, CChC. |
Colombian cement market contracts to 0.963Mt in January03 March 2022, Published under Cement NewsCement dispatches in Colombia decreased 2.5 per cent YoY to 963,900t in January 2022 when compared with 989,100t reported in January 2021,when dispatches slipped 0.6 per cent YoYaccording to the national statistics agency, DANE. Of this total, bulk cement dispatches advanced 8.1 per cent YoY in January 2022, but bagged cement deliveries were down 6.6 per cent YoY, reflecting the development of sales in the different market segments. Ready-mix concrete companies increased their offtake by 1... |
Peru looks at 25kg cement bags23 February 2022, Published under Cement NewsPeru’s Ministry of Labour and Employment Promotion has started a series of technical meetings with construction unions and companies to lower the weight of cement bags in the country from 42.5kg to 25kg. The move is designed to help prevent lower back injuries as a result of carrying the heavier weight bag. The 42.5kg bags date back from the time when the country was a net importer of cement, which arrived in oak cylinders of about 170kg. These were divided into four units of 42.5kg for sa... |
Argos reports consolidated EBITDA of COP2.16bn in 202121 February 2022, Published under Cement NewsArgos, Grupo Argos' cement company , reported a consolidated EBITDA of COP2.16bn (US$55m) at the end of 2021, representing an increase of 34 per cent compared to 2020 and the highest in the company's history. The annual EBITDA margin stood at 22 per cent, the highest since 2005, when the cement company began its internationalisation process. Accumulated revenues as of 31 December 2021 reached COP9.8bn, a YoY increase of 9.1 per cent. Argos shipped 17.1Mt of cement and 7.8Mm 3 of ready... |
Peru’s cement market expands in January 202218 February 2022, Published under Cement NewsCement dispatches to the Peruvian cement market by Asocem members reached 1.012Mt, up two per cent YoY and by 22 per cent when compared with January 2020, according to Peru’s cement association, Asocem. When an estimate of non-members is included 1.095Mt of cement was dispatched, up from 1.083Mt in January 2021. In January 2022 Asocem members produced 1.07Mt of cement, an increase of five per cent YoY and up 29 per cent when compared with January 2020. Clinker output declined by 19 per cen... |
Brazilian cement market contracts 9% in January17 February 2022, Published under Cement NewsTotal cement sales in Brazil (including exports) declined by 8.6 per cent YoY to 4.6Mt in January 2022, according the country’s cement association, SNIC. When compared with December 2021, sales were down 3.7 per cent. In terms of sales per working day, sales fell 10.8 per cent YoY and 3.9 per cent MoM to 197,400t. SNIC attributed the fall to the worsening of the country’s economic situation and health issues (the new COVID-19 variant Omicron and influenza). The rise in inflation and intere... |
Cementos Pacasmayo sees 40% rise in sales volumes in 202115 February 2022, Published under Cement NewsSales volumes of cement, concrete and prefabricated products of Peru-based Cementos Pacasmayo fell 6.2 per cent in the 4Q21 when compared with the 4Q20. Income was up 10.4 per cent as cement and concrete prices increased in line with inflation and by a change in the sales mix, favouring cement and concrete at better prices. Consolidated EBITDA increased 10.5 per cent to PEN141.5m YoY, but the EBITDA margin remained stable at 27 per cent when compared with the 4Q20. Net profit advanced 8.6... |
Argos opens new Cartagena terminal14 February 2022, Published under Cement NewsColombia-based Argos has inaugurated its new port terminal in the free zone of Cartagena, Colombia. the new terminal will triple its export capacity to 3.5Mta. The terminal can serve vessels of up to 60,000t. The company invested nearly US$42m in the new terminal, which includes a berthing platform of 152m long by 18m wide that joins the coast by a 170m-long civil walkway. It also consists of closed conveyor belts with a capacity to transport 1200tph of cement and 900tph of clinker from ... |