Cement News tagged under: latin america
FICEM’s road to sustainability08 November 2017, Published under Cement NewsGuatemala, Central America, was the host city for FICEM’s 34th Technical Congress which saw 316 participants gather from across Latin America and the Caribbean for this informative three-day conference and exhibition. At the top of the agenda was the new FICEM technology roadmap for a low carbon industry, while 32 presentations covered a variety of topics from new plant construction to optimisation and alternative fuels. The inauguration ceremony was attended by Luis Alvarez, director... |
Loma Negra files for IPO06 September 2017, Published under Cement NewsArgentine cement maker Loma Negra Corp has filed for an initial public offering, according to a SEC filing late Tuesday. "We believe that the economic recovery of Argentina represents one of the most attractive opportunities in global emerging markets today," the company said in the filing. "Cement consumption is highly correlated to economic activity and we expect demand for cement to grow significantly within the next five years in Argentina." Risks included cement-industry cycl... |
Brazilian July sales down 10.5%16 August 2017, Published under Cement NewsDomestic cement sales in Brazil fell by 10.5 per cent in July 2017 to 4.7Mt compared to July 2016, according to data from SNIC, Brazil's national cement industry association. Sales per working day were also down by 10.5 per cent in the YoY comparison, but up by 3.3 per cent compared to June 2017, Sales per working day were also down by 10.5 YoY, but up by 3.3 per cent compared to June 2017. Apparent consumption (domestic sales + imports) in July 2017 stood at 4.7Mt, down by 10.1 per ce... |
Cemex LatAm sees sharp decline in Colombia27 July 2017, Published under Cement NewsCemex Latin American Holdings' first-half turnover declined by 4.4 per cent to US$642.8m, while EBITDA fell by 25.8 per cent to US$167.7m as the company saw a sharp decline in the Colombian market. At the trading level there was a 32.1 per cent reduction to US$123.1m. After a net interest charge 9.4 per cent higher at US$32.1m, the pretax profit emerged 50.1 per cent lower at US$82.8m. The net attributable profit dropped by 49.2 per cent to US$51.1m. Net debt at the end of June was 8.8 p... |
Cemex further expands Construrama network in Latin America16 June 2017, Published under Cement NewsWith the opening of its 300th store in Colombia, Cemex’s Construrama network consolidates its position as the broadest building materials distribution network in Mexico and Colombia and continues its growth in other Latin American countries. Looking to bring distributors closer to the construction business, Cemex rolled out its Construrama initiative in 2001. Today, Construrama is the leading building materials distribution network in Mexico, with over 1700 retail stores in more than 600 ci... |
Cemex participates in first underwater tunnel in Latin America01 June 2017, Published under Cement NewsCemex participated in the construction of the Coatzacoalcos Underwater Tunnel in Veracruz, Mexico, an innovative infrastructure project in Latin America. The dimensions of this complex construction required the company to design and deliver special concretes to build the different structures that shaped the tunnel and its points of access. Because the construction was underwater, Constructora Túnel de Coatzacoalcos, the company managing the project, required Cemex to design specific concr... |
Latin American cement low-carbon roadmap25 May 2017, Published under Cement NewsAdocem, the Dominican Association of Portland Cement Producers, recently presented its “Road map for a low-carbon economy”. The initiative aims to improve awareness of new alternatives for reducing CO2 emissions and technological innovations while at the same time, remove barriers to moving towards a low-carbon economy. The initiative is led by the Inter-American Cement Federation (FICEM), which plans to define and implement an action plan for carbon mitigation and adaptation to climate c... |
Pacasmayo's volumes impacted by El Niño effect26 April 2017, Published under Cement NewsPeruvian producer Cementos Pacasmayo SAA and its subsidiaries saw revenues decrease by 9.3 per cent and sales volumes of cement, concrete and blocks fell by 12.2 per cent primarily due to landslides, flooding and heavy rain, in the north of Peru since mid-February associated with El Niño. The gross margin of 40.3 per cent was up 3.3 percentage points due to operational efficiencies despite lower sales volumes and increased depreciation. The Cement EBITDA margin of 29.9 per cent was up 1... |
Brazil 1Q cement sales down 8% YoY19 April 2017, Published under Cement NewsCement sales in Brazil during the first quarter of 2017 declined by eight per cent YoY to 12.9Mt, according to the latest data from Sindicato Nacional da Indústria do Cimento (SNIC). In March 2017 cement sales declined by 4.4 per cent YoY to 4.7Mt. During the past 12 months (April 2016-March 2017) cumulative sales totalled 56.2Mt, 10.2 per cent less than the comparative period a year earlier. Cement consumption (including imports) totalled 4.8Mt in March, in the 12 months to the end... |
Brazil's monthly sales down 15.3% YoY05 April 2017, Published under Cement NewsBrazilian cement sales totalled 3.9Mt in February, down 15.3 per cent YoY, according to the latest market data published by local cement association, SNIC. Over the first two months of this year, sales declined by nine per cent YoY. In the 12 months to the end of February 2017, cumulative sales totalled 56.4Mt, 11 per cent lower than the comparative period of the previous year. Cement prices in the domestic market in February 2017 rose by 8.6 per cent over January 2017 but were down 11 p... |