Cement News tagged under: South America
Loma Negra reports 30% decline in revenue12 May 2020, Published under Cement NewsArgentina’s Loma Negra has reported a 29.6 per cent fall in net revenue to ARS7.77bn (US$122m) in the first quarter of 2020, compared to ARS11bn in the year-ago period. The company’s net profit saw a 44.4 per cent YoY decline to ARS881m from ARS1.58bn. Consolidated adjusted EBITDA was down 17.9 per cent YoY to ARS2.60bn, while the adjusted EBITDA margin increased to 33.5 per cent from 28.7 per cent. "In this unprecedented COVID-19 situation, we are proud of the resilience and ingenuity... |
GCCA expands to 16 members05 September 2018, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) expanded to 16 members last month, adding companies from Europe, South America and Asia. Buzzi Unicem, Cementos Argos, Cementos Pacasmayo, Çimsa Çimento, SCG Cement and Titan Cement were all welcomed to the association which launched earlier this year. Furthermore, the US-based Portland Cement Association has joined the GCCA as an affiliate. "We are delighted to welcome further cement and concrete companies and like-minded organisations t... |
Leading cement producers: 2017 overview29 March 2018, Published under Cement NewsOn the whole, 2017 was a year of growth for the world's leading cement producers. HeidelbergCement saw its revenues advance by 13.8 per cent YoY, while China's Anhui Conch reported sales growth of 34.7 per cent. Dangote recorded an improvement in revenue of 31 per cent while Cemex, Buzzi Unicem, Vicat and CRH all saw more marginal expansions of between two and 5.1 per cent YoY (see Figure 1). The only major to report a fall in sales revenue was LafargeHolcim, dipping 2.9 per cent as its ceme... |
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... |