Cement News tagged under: South America
Brazil's SNIC urges short-term caution with sunnier outlook from 202218 May 2021, Published under Cement NewsCommenting on the latest consumption data of the Brazilian cement market, the country’s cement association, SNIC cautioned against too much optimism for 2021: “The cuts in the federal government budget, mainly in activities such as infrastructure and housing programmes such as Casa Verde Amarela, macroeconomic instability, exchange rate devaluation, inflation, rising unemployment, the slow pace of vaccination and the loss of the wage bill come reducing optimism and further increasing the unc... |
Brazil's cement sales up 27% in April17 May 2021, Published under Cement NewsBrazilian cement sales surged 26.5 per cent YoY to 5.3Mt in April, according to the domestic cement association, SNIC. Domestic sales Sales within Brazil saw a 25.8 per cent uptick to 5.219Mt in April 2021 from 4.148Mt in the equivalent period of 2020. The volume of cement sales per working day increased 8.2 per cent MoM and 25.8 per cent YoY to 237,200t. However, the considerable rise is due to a low base in the equivalent period of 2020, which saw the worst performance of the year as s... |
Loma Negra posts 35% revenue surge14 May 2021, Published under Cement NewsArgentina’s Loma Negra has seen its net revenue surge 35.4 per cent YoY to ARS13,175m (US$143m) in the first quarter of 2021, against ARS9734m in the year-ago period, mainly on the back of strong results from its cement segment. Consolidated EBITDA advanced 49.6 per cent YoY to ARS4730m, while its margin climbed to 35.7 per cent from 32.3 per cent. Net profit was up 104.4 per cent from ARS1256m to ARS2568m. "We started the year in a very good shape, with a solid operating cashflow generat... |
Bolivian cement market contracts 13% in February11 May 2021, Published under Cement NewsBolivia’s cement consumption slipped 13.3 per cent from 262,895t in February 2020 to 228,018t in February 2021, according to the country’s statistics office, INE. Output from domestic cement plants dropped 11 per cent to 223,272t in February 2021 from 250,821t in the equivalent period of the previous year. January-February 2021 Demand for cement reached 458,335t in the first two months of 2021, down 19.1 per cent from 566,514t in the January-February 2020 period. Production by Bolivia... |
Colombian cement consumption advances 61% in March10 May 2021, Published under Cement NewsCement sales in Colombia increased 60.7 per cent to 1.189Mt in March 2021 from 0.74Mt in March 2020, according to DANE, the country’s statistics office. Sales in the retail sector were up 76 per cent YoY while ready-mix concrete companies saw a 47 per cent hike. Construction companies and contractors increased their offtake by 39.6 per cent YoY. Sales in Bogotá increased by 64.1 per cent YoY while Cundinamarca posted a similar increase of 64.9 per cent. Valle del Cauca saw its market expan... |
Argentina's cement market shows 135% YoY growth07 May 2021, Published under Cement NewsCement demand in Argentina surged 134.6 per cent YoY to 956,373t in April 2021, according to the country’s cement association, AFCP. However, this does compare to the low base of April 2020, which was considered the worst month of 2020, and is down 2.8 per cent from last month’s results. The country’s demand of 948,830t was entirely met by domestic production, while 7543t were exported. April’s result also marks eight consecutive months of growth in cement consumption. Over the first four... |
CSN reports stable quarterly cement performance05 May 2021, Published under Cement NewsBrazil-based cement producer CSN said 1Q21 net revenue for its cement division reached BRL277m (US$50.9m). The company said this was a “stable performance compared to the previous quarter, even considering a lower sales volume (-3.6 per cent) caused by seasonality.” The company also reported marginally higher unit costs due to a maintenance outage which led to an EBITDA of BRL103m, with an EBITDA margin of 37.2 per cent. According to the latest data by the National Union of the Cement In... |
Fitch revises Votorantim Cimentos' outlook to stable05 May 2021, Published under Cement NewsFitch Ratings has affirmed Votorantim Cimentos SA's (VCSA) Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB-' and revised the rating outlook to ‘stable’ from ‘negative’. The change in outlook mirrors that made to VCSA's ultimate parent, Votorantim SA (VSA). VCSA accounted for 55 per cent of VSA's EBITDA during 2020 and 46 per cent of its debt. These figures compare with 45 per cent of EBITDA in 2019 and 53 per cent of the group's debt. Fitch noted that: "Although there ... |
Ecebol plant to produce 0.573Mt of cement in 202128 April 2021, Published under Cement NewsState-run Ecebol expects its plant in Oruro, Bolivia, to produce 0.573Mt of cement in 2021, according to Jose Luis Jimenez, the company’s manager. It is forecast to achieve sales of over BOB463m (US$67.2m). The plant was inaugurated in August 2019. Its output is IP-40 and IP-30 cement. |
Chile’s cement market expands 6% in February27 April 2021, Published under Cement NewsCement deliveries in Chile increased by six per cent to 351,735t in February 2021 when compared with February 2020 when 331,905t were dispatched, according to the Chilean construction chamber, CChC. When compared with January 2021 the increase was 1.5 per cent from 346,463t. |