Cement News tagged under: peru
Peru cement sales fall 4.9% in Feb 201517 March 2015, Published under Cement NewsPeru’s cement market contracted by 4.9 per cent YoY as dispatches fell from 816,000t to 775,000t in February 2015, according to Asocem, the country’s cement association. In January, cement dispatches increased 1.7 per cent. "This is mainly due to climatic factors, low public spending, weak private investment and low trust in the government. As in January, heavy rains during February in the highlands and jungle witnessed, "said the cement association. Public expenditure fell 23 per cen... |
Peru: Unacem reports rise in 4Q14 income05 March 2015, Published under Cement NewsPeruvian cement producer Unacem saw revenues increase 13.2 per cent to PEN516.5m (US$167m) in the last quarter of 2014 when compared with 4Q13. EBITDA rose 52.5 per cent thanks to clinker exports and despite higher fuel costs. Net profit increased 179.9 per cent YoY to PEN138.4m. The company’s deliveries advanced 4.4 per cent YoY to 1.504Mt with the domestic market expanding 3.6 per cent over the period. The output of Atocongo’s Kiln 1 and 2 pushed total Unacem production to 1.635Mt, up ... |
Bolivia increases cement supply26 February 2015, Published under Cement NewsAs the Bolivian cement market surged 24 per cent YoY in 2H14, the domestic cement industry was able to increase output by 15 per cent. However, much has changed as the sector invested in new plants and pushed up production to improve the supply-demand balance. Corporación Boliviana del Cemento (Coboce) now produces around 70,000 bags per day to supply its markets of Santa Cruz, Cochabamba, La Paz and Beni. This follows an investment of US$100m in a new plant at Cochabamba. "The new fa... |
Pacasmayo expects 5% sales rise in 201525 February 2015, Published under Cement NewsPeru’s Cementos Pacasmayo is positive about the year ahead as it expects sales to rise by five per cent. The company’s general manager, Humberto Nadal del Carpio, attributes the increase to the development of several construction projects in the Latin American country. In the north of the country, the Talara refinery, the northern highway and regional projects are predicted to require around 0.5Mt of cement over the next 2-3 years. In addition, around US$90bn of infrastructure projects wil... |
Peru cement dispatches down 1.7% but 2015 forecast up17 February 2015, Published under Cement NewsPeru’s cement dispatches fell 1.7 per cent in January due to an unfavourable construction climate and the change of local and regional governments, according to the country’s cement association, Asocem. In the first month of this year, 816,000t of cement was delivered – some 14Mt less than the year-ago period. Strong rains impacted on Peru’s building sector. However, cement production increased three per cent YoY as did exports, which saw a 126 per cent rise when compared with January ... |
Peru: Pacasmayo's net income up 24% YoY16 February 2015, Published under Cement NewsPeruvian producer Cementos Pacasmayo's net income increased 24 per cent in 2014 to PEN188.8m (US$61.3m) as a result of operating efficiencies, a reduction in administrative expenses and lower losses from currency movements. Operating margin increased 0.6 percentage points in 2014, compared to 2013, mainly explained by lower administrative expenses, and an extraordinary income. Consolidated EBITDA increased 4.7 per cent (PEN365.3m in 2014 versus PEN348.9m in 2013). Cement sales volum... |
Ecuador: Peru’s Cementos Yura buys stake in Unión Cementera Nacional26 January 2015, Published under Cement NewsCementos Yura, part of Peru’s Grupo Gloria, has acquired a 63.5 per cent share in state-owned Unión Cementera Nacional of Ecuador, which will hold the balance of shares. The $230m investment will be disbursed to the Ecuadorian cement producers via a trust over the next 40 months, during which the construction will take place of a new 2400tpd clinker production line in Riobamba. "We will participate in this company with this contribution and are very optimistic that this will benefit t... |
Peru’s cement market stable in 201419 January 2015, Published under Cement NewsPeru’s cement market absorbed around 881,360t of cement in December 2014, according to the latest data from the country’s cement association, Asocem. Domestic producers reached an output of 932,603t in the last month of 2014, of which 37,491t of cement were exported as well as 30,014t of clinker. Comparative figures for December 2013 revealed a 3.3 per cent increase in national dispatches but a 7.5 per cent decrease in cement exports. Production rose 0.5 per cent in December YoY. Full... |
Fitch affirms Pacasmayo's ratings; outlook stable19 January 2015, Published under Cement NewsFitch Ratings has affirmed the following ratings for Cementos Pacasmayo SAA): • Foreign currency Issuer Default Rating (IDR) at 'BBB-'; • Local currency IDR at 'BBB-'; • Senior unsecured US$300m notes due 2023 at 'BBB-'. The Rating Outlook is Stable. Key rating's drivers Solid business position Fitch said the ratings reflects Pacasmayo's solid business position, as the only cement producer in Peru's northern region which has resulted in high margins, low leverage and solid liquidi... |
Peru's Gloria Group acquires control of Soboce, Bolivia18 December 2014, Published under Cement NewsPeruvian conglomerate Gloria Group has acquired an outstanding 51.35 per cent stake in Bolivia's largest cement producer Sociedad Boliviana de Cemento (Soboce) for US$300m. Gloria previously held a 47 per cent stake in Soboce, once the flagship of magnate and former presidential candidate Doria Medina, with US$280mn in annual sales. Mr Medina, who lost to President Evo Morales in the October presidential elections, opposed Mr Morales' move to nationalise Soboce's 30 per cent stake in cemen... |