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News Bolivia

Displaying items by tag: Bolivia

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Fábrica Nacional de Cemento wins US$72m cement supply contract for Nueva Santa Cruz Ciudad Inteligente housing development

22 February 2021

Bolivia: Fabrica Nacional de Cemento (FANCESA) has secured a contract for the supply of over 582,000t of cement to the Nueva Santa Cruz Ciudad Inteligente housing development near Santa Cruz. The Correo del Sur newspaper has reported that value of the contract as US$72.0m.

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Bolivia promotes cement exports to Paraguay

18 November 2020

Bolivia/Paraguay: The Bolivian-Paraguayan Binational Chamber of Commerce & Industry is working with Bolivia-based Fábrica Nacional de Cemento (Fancesa) to export cement to Paraguay via the Parana – Paraguay Rivers Inland Waterway. The organisation is also trying to promote exports from the new Empresa Publica Productiva Cementos de Bolivia’s (ECEBOL) integrated cement plant at Caracollo in Oruro, according to the Agencia Boliviana de Información. Local Bolivian cement producers faced production stoppages from March to May 2020 due to coronavirus-related restrictions.

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Bolivian court annuls Grupo Cementos de Chihuahua damages decision

13 November 2020

Bolivia: A court has annulled a decision ordering Mexico-based Grupo Cementos de Chihuahua (GCC) to pay damages to Compania de Inversiones Mercantiles (CIMSA) for its alleged unlawful failure to grant it a right of preference before selling its 47% stake in Sociedad Boliviana de Cemento (SOBOCE). Global Newswire has reported that the company has announced that it will now take action in the US courts against an unfavourable ruling in October 2020.

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US court rules in favour of Compañía de Inversiones Mercantiles in Grupo Cementos de Chihuahua Sociedad Boliviana de Cemento sale case

07 October 2020

US: A US federal court has upheld the ruling of a Colorado district court that Mexico-based Grupo Cementos de Chihuahua (GCC) must pay around US$36m compensation to Compañía de Inversiones Mercantiles (CIMSA) for failing to grant it a right of preference prior to GCC’s sale of its 47% stake in Sociedad Boliviana de Cemento (SOBOCE).

Peru-based Consorcio Cementero del Sur obtained 100% ownership of Bolivia-based SOBOCE following its acquisition of GCC’s stake in 2011.

Published in Global Cement News
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Fancesa suspends transport spending cuts

10 June 2020

Bolivia: Fábrica Nacional de Cemento (Fancesa) has announced that no cuts will be made to transport spending until after the end of the coronavirus lockdown. Plans to reduce operating expenditure in this area have been opposed by the company’s drivers. Fancesa head of transportation Jhonny Palma said, “Both parties now have the time to analyse the proposals. In due course we will present our operating cost sheets and these will be put up for debate.”

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Elementia’s first quarter 2020 sales fall as cement volumes drop by 11% year-on-year

04 May 2020

Mexico: Elementia’s first quarter sales were US$49.0m, down by 5.0% year-on year from US$52.0m in 2019. Group earnings before interest, tax, depreciation and amortisation (EBITDA) was US$20.4m, down by 7.0% from US$22.0m in the first quarter 2019. Cement volumes fell by 11% year-on-year to 1.08Mt from 1.22Mt.

The company suspended all operations in Peru, Bolivia and Ecuador from 20 March 2020 and in Colombia and El Salvador from 30 March 2020. It says that it has moved its 2020 strategic focus to ‘inventory reduction and sustained US cement growth.’

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Cementos Molins calls time on operations

02 April 2020

Spain: Coronavirus has forced the suspension of operations at all Cementos Molins facilities, in accordance with a royal decree. Europa Press has reported that the company began the progressive shutdown of the 1.6Mt/yr integrated line at its Sant Vincenç dels Horts cement plant in Barcelona, Catalonia, on 31 March 2020, and switched off the plant on 2 April 2020.

Cementos Molins said that it has already suspended production in Argentina, Uruguay, Bolivia, Colombia and Tunisia. It says it has ‘implemented the teleworking model in the areas of the company where its application is possible.’

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Gas supply puts start of Potosí cement plant in doubt

12 February 2020

Bolivia: Antonio Pino, Vice Minister of Hydrocarbons, says that a new gas pipeline will have to be built to supply the Potosí cement plant at Chiutara. This may delay the start of the new plant to as late as early 2022, according to the El Potosí newspaper. The 1.3Mt/yr integrated unit was previously planned to start operation in February 2020.

The project was supported by the country’s previous government administration through the creation of Empresa Publica Productiva Cementos de Bolivia (ECEBOL. The plant is being built by Sociedad Accidental Imasa Polysius, a joint venture created by Polysius and Imasa.

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Oruro cement plant reopens

06 January 2020

Bolivia: Empresa Minera Industrial’s 0.1Mt/yr integrated cement plant has resumed operations across both dry lines following a fuel shortage. Tinformas has reported that a natural gas shortage caused the suspension of operations in November 2019 following an attack on a pipeline.

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Empresa Colombiana de Cementos Sonson plant enters production

31 October 2019

Colombia: Empresa Colombiana de Cementos (EcoCementos), a 50-50 joint venture between Colombian multinational Organizacion Corona and Spanish-based Cementos Molins, has announced the start of production at its new 1.5Mt/yr integrated cement plant at Sonson, Antioquia province. The plant, which was constructed with an investment of US$380m, mines limestone from its own quarry and will produce Alion brand cement for the Colombian market. The unit is increases Cementos Molins’ first in Columbia. It already produces and trades cement via its subsidiaries in Argentina, Bolivia and Uruguay.

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