Cement News tagged under: peru
Cementos Pacasmayo sees 9% drop in 2Q net profit24 July 2023, Published under Cement NewsPeru-based Cementos Pacasmayo reported a 12.1 per cent YoY drop in revenues to PEN442m (US$123.4m) in the second quarter of 2023, due to a drop in demand, which was affected by severe rainfall due to cyclone Yaku and a stagnation in public investment as a result of new regional authorities. Sales volumes of cement, concrete and precast fell by 17.9 per cent YoY. The company achieved consolidated EBITDA of PEN112.7m, down 6.5 per cent YoY, due to reduced revenues. However, it saw a consol... |
Cementos Inka opens Pisco plant10 July 2023, Published under Cement NewsCementos Inka has opened its second plant in Pisco , Peru. The plant strengthens the company’s position to compete in the central and southern part of the country. Christian Pfeiffer supplied its latest grinding technology to the new Pisco plant. In the last 12 months, to May 2023, the national cement dispatch fell seven per cent to 12.7Mt compared to the previous period (June 2021 – May 2022), according to the Association of Cement Producers (Asocem), due to the slowdown self-construc... |
UNACEM Peru sees 20% uptick in sales and record production in 202206 July 2023, Published under Cement NewsPeru-based UNACEM saw its net cement sales increase by 19.7 per cent YoY to PEN2655m in 2022, according to its 2022 integrated report. Total sales reached PEN2835m. EBITDA reached PEN882.3m, up 16.9 per cent YoY when adjusted for other income and costs, while net profit stood at PEN421.5m, up 6.6 per cent YoY. Dispatches increased to 6.666Mt in 2022. Bagged cement dispatches accounted for 68.9 per cent of its sales while bulk cement took a 31.1 per cent share. In addition, the company br... |
Progress for Peru?03 July 2023, Published under Cement NewsFollowing a market contraction in 2020, Peru’s cement producers have seen domestic cement demand recover, making significant gains, even when compared to pre-pandemic levels. Company performance remains solid despite higher input costs, and driving the industry towards further optimisation initiatives. By ASOCEM, Peru. Peru’s construction sector expects to see a recovery in 2023, followed by expansion in 2024 as the country leaves its economic, political and social challenges behin... |
Peru’s cement market contracts 12% in May23 June 2023, Published under Cement NewsPeruvian cement consumption declined by 12 per cent YoY to 0.971Mt in May 2023, according to the country’s cement association, ASOCEM. Production by domestic cement producers fell 14 per cent YoY to 0.928Mt while clinker production was down seven per cent to 0.803Mt. Cement exports declined by 22 per cent YoY to 14,000t in May 2023. from 18,000t in May 2022 while clinker exports increased two per cent YoY to 36,000t from 35,000t over the period. In May 2023, cement imports reached 44,00... |
Peru's cement market contracts 17% YoY in April24 May 2023, Published under Cement NewsCement dispatches in Peru fell by 17 per cent YoY to 0.883Mt in April 2023, according to the Peruvian cement association, Asocem. Of this total, 0.851Mt was delivered by Asocem members. Cement production declined 11 per cent YoY to 0.913Mt in April 2023. Clinker production fell 19 per cent YoY to 0.631Mt in April 2023. Cement exports decreased by six per cent YoY to 0.014Mt while clinker exports saw a three per cent uptick to 0.036Mt. Cement imports dropped 86 per cent YoY to 5300t with... |
Cementos Pacasmayo 1Q net profit down by 5%11 May 2023, Published under Cement NewsRevenues of Peru-based Cementos Pacasmayo SA declined 8.6 per cent YoY to PEN480m (US$131.4m) in the first quarter of 2023. "The intense rains that hit the north of the country, produced by Cyclone Yaku, affected the company's operations, especially in February and March. The foregoing was offset by the increase in average cement and concrete prices compared to 1Q2022," according to a report from Kallpa SAB. EBITDA decreased by 5.3 per cent YoY to PEN120.7m in the 1Q23. However, the EBI... |
Peru’s cement market contracts 17% in March24 April 2023, Published under Cement NewsCement consumption in Peru declined by 17 per cent to 0.958Mt in March 2023 when compared with March 2022 when dispatches reached 1.151Mt, according to the country’s cement association, Asocem. Output from domestic cement plants was down 20 per cent YoY to 0.894Mt of cement in March 2023 from 1.121Mt. Clinker production fell by 19 per cent YoY to 0.77Mt in the same period. Cement exports declined 27 per cent YoY to 13,000t in March 2023 from 18,000t in March 2022, but clinker exports incr... |
Peruvian cement market contracts 17% in February23 March 2023, Published under Cement NewsCement demand in Peru fell by 17 per cent YoY to 0.883Mt in February 2023 from 1.068Mt in the year-ago period, according to the country’s cement association, Asocem. Of this total, 0.856Mt were dispatched by Asocem members. Cement production in February 2022 declined 17 per cent YoY to 0.865Mt from 1.037Mt in February 2022. Clinker production expanded by seven per cent YoY to 0.759Mt in February 2023. In terms of exports, cement exports were down by a quarter to 11,000t in February 2023 wh... |
Ecebol plant expected to start up in June21 March 2023, Published under Cement NewsBolivia’s Empresa Pública de Cemento (Ecebol) expects to commission its new Potosí plant in June with the project currently 92 per cent complete and a budget execution of 85 per cent. The start-up of the 1.3Mta plant will take place on 30 June with the grinding and dispatch of the first products. "The first bags of cement will be in November to then verify the quality and put them on sale," said the country’s Minister of Productive Development, Néstor Huanca. He also indicated that t... |