Cement News tagged under: South America
Brazil's cement sales expand in August14 September 2021, Published under Cement NewsCement sales in Brazil edged up 1.1 per cent YoY to 5.864Mt in August 2021, according to SNIC, the country’s cement association. However, when considering the number of days worked, domestic sales slipped by one per cent in August 2021. In the southeast, the largest market, sales increased by 1.7 per cent YoY to 2.711Mt from 2.665Mt in August 2020. However, in the northeast sales declined by 3.4 per cent YoY to 1.161Mt from 1.202Mt over the same period. In the south, sales advanced 7.2 per... |
Holcim divests Brazilian business10 September 2021, Published under Cement NewsHolcim has signed an agreement with Companhia Siderúrgica Nacional (CSN) for the divestment of its business in Brazil for an enterprise value of US$1.025bn. The deal includes Holcim’s five integrated cement plants, four grinding works, six aggregates sites and 19 RMC facilities, according to a press release. "This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in a... |
Chilean cement deliveries up 56% in July07 September 2021, Published under Cement NewsCement dispatches in Chile advanced 55.5 per cent YoY to 361,956t in July 2021 from a low base of 233,186t in July 2020, according to the Camara Chilena de Construcción (CChC). In July 2019 cement dispatches reached 317,626t. In the first seven months of 2021 an increase of 24.5 per cent to 2,507,802t was reported. This compares favourably with the 2,014,574t in the January-July 2020 period. In the 7M19 cement dispatches were at 2,382,831t. |
CBB sees 67% rise in profit07 September 2021, Published under Cement NewsChilean cement producer CBB (formerly known as Cementos Bío-Bío) reported a 13.9 per cent advance in revenues to CLP134.538bn in the first six months of 2021 from CLP118.124bn in the 6M20. The company’s profit attributable to shareholders increased by 66.7 per cent YoY to CLP7.205bn in the 6M21 from CLP4.323bn in the 6M20. In its cement business the company nearly quadrupled its operating profits, mainly from a low base as COVID-19 impacted cement dispatches in 2020. In its concrete bus... |
Argentina sees 18% demand increase in August06 September 2021, Published under Cement NewsIn August 2021 the Argentine market expanded by 18.2 per cent YoY to 1,083,914t from 917,233t in August 2020 while MoM there was a 3.9 per cent improvement in offtake, according to the Asociación de Fabricantes de Cemento Portland (AFCP). Cement dispatches from Argentina’s cement producers advanced 18.8 per cent YoY and 4.1 per cent MoM to 1,096,564t in August 2021 from 922,743t and 1,053,191t, respectively. Of this total, 1,083,914t were delivered to the domestic market, up by 18.2 per ... |
Colombia sees 4% increase in cement dispatches03 September 2021, Published under Cement NewsThe Colombian cement market expanded by 3.6 per cent to 1.132Mt in July 2021 when compared with dispatches of 1.093Mt in July 2020 and by 7.5 per cent when compared with 1.113Mt in July 2019, according to the country’s statistics office, DANE. Cement sales were particularly strong in the ready-mix concrete market (+11.9 per cent YoY) while construction companies and contractors also increased their offtake by 6.4 per cent YoY. However, the retail segment saw a one per cent contraction. When... |
Bolivia’s cement market sees 26% expansion in June02 September 2021, Published under Cement NewsCement consumption in Bolivia increased 25.6 per cent YoY to 289,440t in June 2021 from 230,378t in June 2020, according to data from the country’s statistics office, INE. However, when compared with June 2019, when demand reached 330,612t, a 30.3 per cent contraction was reported. Domestic cement production increased 25.5 per cent YoY to 299,517t in June 2021 from 238,640t in June 2020. However, when compared with an output of 339,171t in June 2019, a 29.6 per cent contraction was reported. |
Cemento Polpaico sees revenues double in 1H2131 August 2021, Published under Cement NewsChile-based Cemento Polpaico reported a surge in consolidated revenues from CLP76,528m in the 1H20 to CLP152,376m in the 1H21. Profit before tax reached CLP9361m, reversing a loss of CLP8424m in the 1H20. Net profit reached CLP6833m in the 1H21, from a loss of CLP5862 in the 1H20. The results include the consolidation of Cementos Bicentenario. The company’s cement business saw its revenues increase to CLP148,644m in the 1H21 from CLP74,634m in the 1H20 while revenues in its sand business w... |
Colombia's tax change may impact Argos valuation30 August 2021, Published under Cement NewsColombia's Congressional Economic Committees have voted in support of the tax change proposed by Iván Duque's government, a step that could impact the valuation of domestic cement producer Argos, according to a report by UBS. The project, also known as social investment, targets an additional COP15.2bn (US$3.97m) to the state purse and UBS research expects a 35 per cent increase in corporate taxes and a 38 per cent in financial sector taxes. While the tax change is expected to improve Colo... |
Fives Pillard complete kiln burner renovation30 August 2021, Published under Cement NewsFives Pillard has transformed an old burner (from another brand), into a multifuel-fired Pillard N OVAFLAM ® burner, allowing it to fire both gas and petcoke at a South American cement plant. Fives Pillard's renovation will enable the plant to r educe the amount of kiln dust, limit the specific consumption and t ake advantage of Fives' expertise in rotary kiln burners to improve the clinker's crystallography. The solution provided by Fives' technical teams was to keep the whol... |