Cement News tagged under: peru
Peru: Volcan mulls sale of Polpaico shares08 September 2015, Published under Cement NewsPeruvian mining firm Volcan could sell its share in Chilean cement company Polpaico if metal prices continue falling, according to the firm's CFO Jorge Murillo. Volcan could receive around USD 27mn (EUR 24.22m) for its share, of around 20 per cent, in the business. Holcim owns 54.3 per cent of Polpaico. |
Peru: cement sales decline 5.2% in July17 August 2015, Published under Cement NewsPeru’s cement market contracted 5.2 per cent in July, according to Asocem, the country’s cement producers’ organisation. Deliveries fell from 846,000t in July 2013 to 802,000t in 2014. Total dispatches, which includes exports, decreased by 5.5 per cent YoY from 870,000t to 822,000t over the same period. The association attributes the fall in domestic sales to lower public investment as well as a weak private investment. "Public investment continues to decline. National government spending... |
Peru cement market contracts 3% in June27 July 2015, Published under Cement NewsCement consumption in Peru fell by three per cent in June, according to the country’s cement producers’ association, Asocem. A rise in exports limited the decline in total cement sales to 2.6 per cent. Output from domestic cement plants decreased by 6.2 per cent. The lower domestic sales were attributed to a slowdown in public investment, particularly in northern and southern Peru. "The conditions have not been favourable for the first half of 2015, but the second half is promising. The o... |
Peru: Cementos Pacasmayo expands consolidated EBITDA margin24 July 2015, Published under Cement NewsPeruvian producer Cementos Pacasmayo's consolidated EBITDA increased 8.4 per cent to PEN178.5m (US$59m) in the first half of this year from PEN169.7m in 1H14, achieving a margin of 31.5 per cent compared with 27.3 per cent a year earlier. Net income increased 19.4 per cent to PEN96.5m. Gross margin increased to 43.1 per cent in 6M15 from 40.5 per cent in 6M14. Second-quarter results were impacted by continued weakness in cement demand from the public sector. This led to a 9.4 per cent ... |
Peru: Unacem 1H15 net profit up 23%23 July 2015, Published under Cement NewsPeru-based producer Unacem reported a 23 per cent rise in its net profit for the first half of 2015 to PEN151m (US$47.4m) largely attributed to cost controls. Lower operational costs (-9.1 per cent) saw operating profit rise to PEN455.7m, up 93.4 per cent when compared with !H14. However, higher financial costs (+107 per cent to PEN114.1m) and exchange losses (-PEN181m) had a negative effect. Nevertheless, 2Q15 sales edged up 6.7 per cent to PEN475.6m and by 9.5 per cent to PEN957.6m ... |
Cementos Argos29 June 2015, Published under Cement NewsCementos Argos’ 1Q15 results have revealed a 27 per cent jump in revenue to COP1.7trn (US$630m), driven by growth in trade to the US. Consolidated EBITDA over the period advanced by 18 per cent to COP307bn (US$121m) while net profit rose 3.3 per cent. Cement dispatches improved by 18 per cent to 3.2Mt over the quarter with the Colombian market registering a 19 per cent increase to 1.5Mt. The US market, however, saw shipments rise by 39 per cent to 635,000t, while the Caribbean and Central ... |
Peru: cement sales fall 8.4% in May17 June 2015, Published under Cement NewsCement dispatches in Peru fell by 8.4 per cent YoY in May to 779,000t, reflecting an accelerating contraction of the domestic market, according to cement association Asocem. In April sales decreased 7.1 per cent YoY to 767,000t. Output from Peru’s cement plants dropped 5.7 per cent from 887,000t in May 2014 to 836,000t. In the past 12 months domestic consumption slipped by 0.2 per cent while total output fell by 0.1 per cent. The recent lack of market activity has been attributed to... |
Peru cement market contracts 7% in April 201518 May 2015, Published under Cement NewsPeru’s cement deliveries fell 7.1 per cent YoY to 800,000t in April 2015 due to lower government spending and climate factors, according to Asocem, the Peruvian cement association. El Niño is expected to continue to affect the construction industry going forward as the climate phenomenon brings inclement weather to Peru. However, public expenditure is forecast to improve as the state government has increased spending by 26 per cent and regional governments by 42 per cent. Cement produc... |
Peru: Unacem sees slight rise in 1Q15 sales28 April 2015, Published under Cement NewsUnacem saw its domestic cement sales increase by 0.3 per cent in the first three months of 2015, compared to the same period in 2014. The company recorded cement sales of PEN449.4m (EUR132.69m US$144.20m) in 1Q15. Sales costs also dropped 2.6 per cent compared to the first quarter of 2014, when leftover stocks of imported clinker were used which were more expensive. Clinker production dslipped 12.8 per cent in 1Q15, compared with the same period in 2014. Meanwhile, cement production rose... |
Peru cement sales down 1%, exports up 50% in March17 April 2015, Published under Cement NewsPeru’s cement dispatches fell one per cent YoY to 806,000t in March as public spending was down and rains affected the construction industry, according to cement association Asocem. Regional and municipal governments saw their spending cut by 30 and 61 per cent, respectively. Output in the country’s cement plants increased two per cent to 861,000t when compared with March 2014. A 50 per cent rise in exports in the month helped producers to compensate for the lower domestic sales. Looking ... |