Displaying items by tag: Paraguay

Argentina: Loma Negra’s net revenue grew by 42.3% year-on-year to US$435m in the first nine months of 2018 from US$305m in the same period in 2017. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 46.5% to US$113m from US$77.3m. Overall, its cement masonry and lime sales volumes remained stable at 5.1Mt but sales in Paraguay fell by 4.2% to 0.42Mt. Sales volumes fell in both Argentina and Paraguay in the third quarter of 2018.

Sergio Faifman, Loma Negra’s chief executive officer (CEO), said, “Our core Argentine Cement business, delivered both revenue growth and adjusted EBITDA margin expansion notwithstanding the challenging macro backdrop in the country in which our volume declined at a mid single-digit pace year-on-year in line with overall industry performance.”

The subsidiary of Brazil’s InterCement said that it is moving ahead with building a new US$350m production line at its L’Amalí plant. The new line will have a clinker production capacity of 5800t/day. The project is being built by China’s Sinoma International Engineering and it is expected to be completed by early 2020. Main equipment is expected to arrive at the site by the end of 2018 and the steel structure is under construction.

Paraguay: The government has appointed Javier María Rodríguez as the president of Industria Nacional del Cemento’s (INC). He succeeds César Bogado, who was the interim president of the state-owned cement producer, according to the La Nación newspaper. Julio Ullón, the head of the civil cabinet, welcomed Rodríguez to the role and urged the new administration to, ‘continue to win national demand.’

Paraguay: Industria Nacional del Cemento’s (INC) has officially inaugurated a second cement mill at its Villeta plant. The state-owned cement producer spent US$12m on the upgrade, according to the Agencia de Información Paraguaya. The new mill was built by China’s Sinoma. It has a cement production capacity of 80t/hr or be able to produce around 800,000 bags/month of cement. INC also plans to start operating a pozzolan drying unit at Villeta in September 2018.

Paraguay: Industria Nacional del Cemento’s (INC) Vallemi cement plant has been paralysed by a coke shortage. All operations at the unit’s clinker kiln have been suspended, according to the Ultima Hora newspaper. The producer is still making cement deliveries but its clinker stocks have fallen to below 30,000t. The company reportedly only has fuel oil left for one day and sufficient coke for one day of full operation. It is awaiting the arrival of a 6000t consignment of coke.

Paraguay: Jorge Méndez has resigned as the president of Industria Nacional del Cemento (INC). He had been in post since 2013, according to La Nación newspaper.

Paraguay: President Horacio Cartes has inaugurated a kiln upgrade to Industria Nacional del Cemento’s (INC) Vallemi cement plant. The project has converted the unit’s third production line to petcoke usage from fuel oil, according to La Nación newspaper. The upgrade work cost US$45m. The plant has three production lines but only one is used.

Paraguay: Edgar Acosta, the general manager of Yguazu Cementos, has called for a law banning imports of clinker to be lifted. Acosta, the former president of Industria Nacional del Cemento (INC), argues that the legislation is ‘unfair competition’ as it was introduced in 2006 when INC was the only cement producer in the country, according to the ABC newspaper. However, at present INC imports large volumes of clinker despite owning large reserves of limestone in the country. Of the 550,000t of cement produced by INC in 2017, more than 50% was made with imported clinker. INC imports clinker from Uruguay, Spain and Greece.

Paraguay: Industria Nacional del Cemento’s (INC) Vallemi cement plant has suffered damage to its equipment due to problems with the local electricity supply from state energy company ANDE. Issues including low voltage that damaged the main electric motor of the plant’s cement mill and other equipment at the site, according to the ABC newspaper. Consequently, cement is not being despatched from the Vallemi plant. Normal production is expected to resume in mid-April 2018. INC’s Villeta cement grinding plant has increased its dispatches to compensate increasing its deliveries to 80,000bags/day of cement from its normal level of 50,000bags/day.

Bolivia/Paraguay: Bolivia’s Fábrica Nacional de Cemento (Fancesa) is planning to build a new cement grinding plant and terminal near the border with Paraguay. The project is budgeted at US$16m and it may be built as a joint venture, according to the Correo del Sur newspaper. The cement producer is also about to deliver its first consignment to Paraguay.

Paraguay: Industria Nacional del Cemento (INC) expects to begin March 2018 with a 30% production rise, following the opening of a new mill, according to its president Jorge Mendez. Production will increase to 1.4 million bags per month, from 1.1 million bags per month at present. Its market share will increase to 70%-75%, from 51% at present. This is anticipated to add an extra US$50m to the company’s turnover. The new mill is currently 90% complete and has cost the company US$11.5m.