Cement News tagged under: peru
Fitch Affirms Cementos Pacasmayo at 'BBB-'; Outlook Stable12 January 2016, Published under Cement NewsFitch Ratings has affirmed the ratings of Peruvian producer Cementos Pacasmayo at 'BBB-'. The Rating Outlook remains Stable. The ratings reflect the company's solid business position as the only cement producer in Peru's northern region. This position has resulted in high margins, low leverage and solid liquidity. The small size of the cement market in the north, as well as the logistical challenges found in this region, has limited the impact of imports and the probability a global compa... |
Peruvian cement companies plan investments in 201605 January 2016, Published under Cement NewsCement companies operating in Peru aim to continue with large investments in 2016 despite the recent announcement by the country's cement association, Asocem, of low growth in cement consumption during 2015. Asocem recorded that the domestic industry saw cement consumption advance by just three per cent last year, however, this is not deterring cement producers to bring new investment into its plants. Cementos Pacasmayo is set to begin its Fosfatos del Pacifico project costing some US$8... |
Peru's cement market contracts 4.8% in November16 December 2015, Published under Cement NewsCement dispatches in Peru fell 4.8 per cent YoY in November 2015, according to Asocem, the country’s cement association. Some 0.884Mt of cement was sold, down from 0.929Mt in November 2014. Total sales saw a 3.4 per cent drop to 0.923Mt. Output fell five per cent YoY from 0.973Mt to 0.924Mt in November 2015. |
Peru: Soboce approves BOB487.2m to continue growth23 November 2015, Published under Cement NewsAn extraordinary shareholders meeting of Sociedad Boliviana de Cemento (Soboce) has approved to reinvest BOB487.2m (US$790.9m) and raise its paid-up capital to continue its investment plans and growth in the domestic market. As a result, Soboce’s paid-up capital will more than triple from BOB196.6m to BOB683.8m. The company’s net profit in the year ended June 2015 reached BOB141.4m, representing a 13.5 per cent fall YoY. |
Peru: market shows signs of monthly pick-up17 November 2015, Published under Cement NewsThe Peruvian cement market continues to show signs of recovery as market contraction is decelerating in October, according to Asocem, Peru’s cement producers’ association. Domestic sales fell 0.5 per cent YoY to 923,000t from 928,000t in October 2015 while the decrease in October 2014 was one per cent. Exports fell from 30,000t to 26,000t. On the supply side, output from the country's cement plants rose 1.7 per cent from 946,000t to 962,000t when compared to October 2014. “The cement ... |
Cementos Pacasmayo EBITDA up 14.4 %30 October 2015, Published under Cement NewsPeru-based Cementos Pacasmayo's consolidated EBITDA in the 3Q15 increased 14.4 per cent to PEN99.6m (US$30.3m) in 3Q15 from PEN87.1m in 3Q14, giving an EBITDA margin of 31.8 per cent versus 27.5 per cent in 3Q14. Revenues fell one per cent from 3Q14. Net income increased 36.5 per cent to PEN55.3m in 3Q15 from PEN40.5m in 3Q14. During the third quarter, the company's Piura cement plant began cement production on time and under budget. The final stage of ramp-up is on track, Pacasmayo added.... |
Peru: Unacem nine-month net income up 16.2%28 October 2015, Published under Cement NewsPeru's largest cement producer Unacem boosted net income by 16.2 per cent over the nine months to the end of September 2015 due to higher prices and lower costs. Unacem posted a PEN176m (US$55m) profit as sales rose 5.5 per cent to PEN1.37bn in the first three quarters of this year, the Lima-based company said in a corporate filing to securities regulator SMV. The company said it cut operating costs by 5.7 per cent and sales costs by 0.6 per cent. Cement production rose 6.4 per cent to ... |
Peru’s demand falls 1.9% in September16 October 2015, Published under Cement NewsCement dispatches in Peru slipped 1.9 per cent in September to 0.887Mt from 0.905Mt in September 2014, according to Asocem, the country’s cement association. Exports declined by 13.9 per cent to 26,000t in September. Cement production increased 4.6 per cent YoY to 0.958Mt as the new plant of Cementos Pacasmayo, located in Piura, came on-stream. However, Asocem said: “The September production [figure] includes several tests at the new plant and therefore the strong rise in output is an anom... |
Peru: demand slips 3.8 per cent YoY in August18 September 2015, Published under Cement NewsPeru’s cement market continues to contract as domestic dispatches fell 3.8 per cent YoY in August, according to Asocem, the country’s cement association. Output fell by 6.6 per cent when compared with August 2014. For the year to date, domestic demand decreased 4.4 per cent YoY while total dispatches (including exports) saw a 3.7 decline. "The cement market continues to decline on an annualised basis from September 2014 to August 2015, however, growth is observed every month, from April t... |
Cementos Pacasmayo begins commercial operations at Piura plant18 September 2015, Published under Cement NewsCementos Pacasmayo SAA, a leading Peruvian supplier of cement and construction materials, announced today that it has begun commercial production from its new cutting-edge Piura facility. The first ton of cement from the Piura facility was produced and shipped today. Final clinker and cement capacity will be 1Mta and 1.6Mta, respectively. "I am delighted to announce the beginning of commercial operations at the Piura plant, an important milestone for Cementos Pacasmayo and the Peruvian c... |