Cement News tagged under: South America
Brazil market expands in June with expectations of 6% growth in 202109 July 2021, Published under Cement NewsCement sales in Brazil edged up 1.5 per cent to 5.438Mt in June 2021 from 5.358Mt in June 2020, according to the country’s cement association, SNIC. Self-construction as well as residential and commercial renovation continue to rise while increasing sales are further supported by works in the real estate sector. Growth was strongest in the southern region, where sales advanced 11.4 per cent YoY to 0.91Mt from 0.817Mt in June 2020. There was also robust growth in the north as 0.272Mt of cem... |
Cement consumption in Argentina sees 21% hike in June06 July 2021, Published under Cement NewsArgentina's cement market expanded by 20.5 per cent YoY and by 10% MoM to 961,340t in June 2021, according to AFCP, the country’s cement association. Domestic demand was entirely supplied by Argentine cement producers, who produced 970,540t in June, up 20.6 per cent YoY and 9.8 per cent MoM. Of total output, they exported 9200t of cement, which represents a YoY advance of 34.2 per cent from 6855t but a MoM drop of 8.2 per cent from 10,017t. January-June 2021 In the first half-year of... |
Bolivian market sees 7% MoM decline in April06 July 2021, Published under Cement NewsCement consumption in Bolivia surged to 286,667t in April 2021 from a very low base of 39,222t in April 2020 due to the impact of the COVID-19 pandemic, according to INE, the country’s statistics agency. However, MoM demand fell by 7.3 per cent from 297,744t in March 2021. Production from domestic cement plants also returned to more regular levels, noting 276,061t in April 2021, up from 11,579t in the previous year, when the pandemic saw factories closed. MoM there was a five per cent slip... |
CSN confirms acquisition of Elizabeth Cimentos02 July 2021, Published under Cement NewsBrazil’s Companhia Siderúrgica Nacional (CSN), the largest steel company in Brazil and Latin America, has reached an agreement to acquire Elizabeth Cimentos for BRL1.08bn (US$214m). The deal has been made through its subsidiary, CSN Cimentos, and will boost its cement capacity in the northeast of the country by 1.3Mta, bringing it to around 6Mta in total. |
Cement dispatches in Colombia up 16% in May01 July 2021, Published under Cement NewsColombian cement sales increased 15.5 per cent YoY to 815,400t in May 2021 from 705,900t in May 2020, according to the country’s statistics office, DANE. When compared with May 2019 there was a 22.7 per cent drop from 1.055Mt. The offtake by ready-mix concrete companies surged 45.6 per cent, while construction companies and contractors increased their purchases by 15.7 per cent. Sales to the retail sector edged up by 5.6 per cent. Cement production advanced 13.1 per cent to 880,4... |
Fancesa changes sales policy30 June 2021, Published under Cement NewsBolivian cement producer Fancesa is changing its sales policy. The company will no longer sell exclusively through its authorised agencies, according to Correo del Sur. At present, almost all of the company’s sales in Sucre, Potosí and Tarija are made through authorised agencies. In Santa Cruz, Fancesa cement is sold through the company, agencies and hardware stores while in La Paz, El Alto and Oruro sales are made directly by the cement company. In the so-called “free sale of ceme... |
New Guyana cement plant breaks ground25 June 2021, Published under Cement NewsGuyanese-owned energy company, Vas Energy Inc and its subsidiary, Georgetown Cement Co broke ground on a US$100m state-of-the-art cement plant at La Resource, Essequibo Coast, in Region Two. Chief Executive Officer (CEO) of Go-Invest, Dr Peter Ramsaroop, said Guyana's economy is currently booming and there are countless investment opportunities that are available. According to Dr Ramsaroop, the anticipated infrastructural boom in Guyana will create a high demand for cement. He told the ga... |
Peru’s cement demand sees 228% hike in May18 June 2021, Published under Cement NewsPeruvian cement producers dispatched 1.062Mt of cement in May 2021, representing a 228 per cent increase YoY from a low base due to the COVID-19 pandemic. When compared with May 2019 there was a 14 per cent advance. Asocem members dispatched 0.98Mt of cement in May 2021, up 283 per cent YoY and up by 15 per cent when compared with May 2019. Cement production surged 228 per cent YoY to 1.062Mt in May 2021 from a low base of 0.324Mt in May 2020. Asocem members produced 1.01Mt of cement in Ma... |
ECEBOL officially restarts operations16 June 2021, Published under Cement NewsState-run Empresa Pública Productiva Cementos de Bolivia (ECEBOL) has officially restarted its operations in Caracollo, Oruro, with an investment of BOB58m (US$8.39m). "This restart of operations of our plant not only ratifies our desire for the reactivation of the Oruro economy, but also of the national economy, because the quality of the cement that we are going to produce here and that we were producing in ECEBOL is of the highest quality," said the country’s president, Luis Arce. T... |
Brazilian market expands 14% in May11 June 2021, Published under Cement NewsCement sales in Brazil advanced 13.6 per cent YoY to 5.465Mt in May 2021 from a low base of 4.809Mt in May 2020, reported the country’s cement association, SNIC. Real estate work continues to drive the market as well as residential and commercial renovations. The drop in interest rates, simplification and reduction of bureaucracy and new credit lines have supported the purchase of real estate in the country. However, cuts in the federal government budgets, particularly in terms of infrastr... |