Displaying items by tag: Administración Nacional de Combustibles, Alcoholes y Portland

Uruguay: Uruguay produced 27% less cement in 2023 than in 2022. Prensa Latina News has reported that state-owned Ancap, which operates two of the country’s four cement plants, reported a year-on-year drop in production of 29%, to 21,700t, in December 2023. The company’s least productive month in terms of volumes was June 2023, when it recorded 8570t.

Uruguay: The government has declared void its tender for offers for Cementos del Plata, the cement business of state-owned Administración Nacional de Combustibles, Alcohol y Portland (ANCAP). Montevideo Portal News has reported that no bids for the business were forthcoming before the end of the tender period on 12 September 2023. Cementos del Plata has debts of US$33m and made a loss of US$20m in 2022. It expects its losses to increase by 25% to US$25m in 2023. ANCAP president Alejandro Stipanicic said that the outcome marked the close of the latest stage in the efforts to rescue the business, but that “The search for a solution will not cease."

Stipanicic said “Perhaps in Uruguay we overestimated it. Perhaps in Uruguay we wanted to believe that we had something that was worth a lot, but the value of things is not set by those who own them, it is set by those who want something. That price is clearly less than zero." He added "Today is a sad day for ANCAP, because today the anguish of many good people working in the Portland cement business saw the illusion of having a clear and convincing future frustrated."

Uruguay: The government has tendered for offers to acquire state-owned Administración Nacional de Combustibles, Alcohol y Portland (ANCAP). The Caras y Caretas newspaper has reported that the board of directors approved the tender on 18 May 2023. The tendering process will run until 11 July 2023, and any resulting privatisation will require ratification by parliament.

ANCAP operates two 300,000t/yr integrated cement plants.

The tender can be viewed here.

Uruguay: Workers at Administación Nacional de Combustibles, Alcohol y Portland’s (ANCAP) Paysandú and Minas cement plants held two days of strikes without warning in early February 2022. The La República newspaper has reported that the Single National Union of Construction and Annexes (SUNCA) called the action to put pressure on the producer not to sell the businesses to private investors. The potential buyers are reportedly planning to visit the plants.

Uruguay: The union at state-owned oil firm Administración Nacional de Combustibles, Alcoholes y Portland (ANCAP), has supported government plans for the state to buy locally made cement. Under the proposal, half of the government’s requirements for cement would have to come from ANCAP, according to the El Pais newspaper. The initiative is intended to support local industry and jobs.