Cement News tagged under: South America
KHD informed of arbitration award17 February 2016, Published under Cement NewsKHD Humboldt Wedag International said it has been informed of an award from a Portuguese arbitration court, whereby KHD and its subsidiary Humboldt Wedag Inc (USA) are jointly ordered to pay damages to a customer in South America. Humboldt Wedag Inc’s arbitration claim for disbursement of outstanding payments, reimbursement for a called bank guarantee, as well as additional compensation (for damages) was denied. The wording and expect impact of the arbitration award are still to be analyse... |
Argentine provinces experience supply shortages30 September 2015, Published under Cement NewsCement suppliers in Mendoza province in Argentina have started importing cement from Chile due to a continued and deepening cement supply crisis in recent months. Those that have already been granted permission from the Argentine tax agency to do so are already importing 50kg sacks from the country. Holcim recently told the local branch of Argentina's construction sector chamber that it was going to be able to resume its normal level of production shortly, after one of its mills was due t... |
Ecuador August sales slip MoM17 September 2015, Published under Cement NewsEcuador cement sales over the first eight months of 2015 climbed to 3.88Mt, the latest update from local cement association INECYC shows. During August 2015, sales slipped by 1.1 per cent to 498,845t compared to the month before when they reached 504,435t. |
New orders for Cemengal in South America and MEA27 May 2015, Published under Cement NewsCemengal has signed new orders for conventional grinding stations and its Plug&Grind ® solution to undisclosed customers in the South America, and the Middle East and Africa (MEA) regions over the past few weeks. South America Plug&Grind Cement grinding plant with a production capacity of 90,000tpa: ball mill Ø2.2m x 9.5m and 500kW; bag filter for 25,000m³/h. The scope of supply includes electrical sub-station to feed the new P&G unit and cement transfer infrastructure to existing silos... |
Cemex increases first-quarter volumes01 May 2014, Published under Cement NewsCemex' first-quarter turnover increased by 8.2 per cent to US$3590.7m, while the EBITDA improved by 2.7 per cent to US$535m. The trading profit rose by 11.7 per cent to US$267.7m. The net interest charge increased by 10.4 per cent to US$406.9m, to give a pre-tax loss 11.3 per cent higher at US$167.9m. The effective net debt was 0.9 per cent higher at US$16,325m, of which 88 per cent was in US dollar, 10 per cent in euro and two per cent in Mexican peso, with 66 per cent of the debt being ... |
Dangote heads to South America?24 January 2014, Published under Cement NewsDangote Cement plc is planning to build a presence in three South American countries, according to Nigeria’s economic newspaper Business Day, quoting Devakumar Edwin, Dangote’s CEO. Mr Edwin said the company has signed a joint-venture agreement with an undisclosed regional firm. He also refused to name the three countries concerned, saying only that they “have enormous natural resources and experience high growth rates.” His reticence to offer further information he attributes to reasons of... |
Cimpor boosted by South American operations28 August 2013, Published under Cement NewsCimpor's underlying first half turnover improved by 19.6 per cent to EUR1299.8m as the company is boosted by its new South America operations but Portuguese losses more than double. EBITDA for the six month period advanced by a more modest 6.3 per cent to EUR284.2m. Ignoring non-recurring charges, the EBITDA would have been some 19 per cent ahead a EUR331m, while the improvement on the re-stated last year numbers was 28.1 per cent. On this basis, the trading profit increased by 34.6 per c... |
Cemex expects best volume growth from USA26 July 2013, Published under Cement NewsCemex reported a slight decline in turnover for the first half of 2013, with EBITDA also down marginally but the trading profit improved by double digits. While volumes were down in the first six months, the group sees full year sales edging ahead with the USA expected to show the best advance. Cemex' first half turnover eased by 0.7 per cent to US$7322.1m and EBITDA came off by 1.7 per cent to US$1251.2m, but the trading profit improved 13.8 per cent to US$690.2m. Net interest payment... |
INC notes 21% sales rise, Paraguay09 July 2013, Published under Cement NewsCement sales by Paraguay’s state cement company INC increased by 21 per cent to 4.8m bags in June when compared with the same month last year. January cement sales peaked at 1,145,623 bags but notably dropped to 699,330 the following month – a trend which continued in March when INC delivered 577,623. Fortunately, sales picked up in April as the company sold 802,646 bags. However, June showed an 11 per cent MoM decrease from 884,441 bags in May to 787,217 bags as rain affected building wo... |