Displaying items by tag: Peru

Peru: UNACEM’s income rose by 8% year-on-year to US$295m in the first half of 2018 from US$272m in the same period in 2017. Its cement despatches fell slightly to 2.4Mt. The cement producer attributed the rising income to higher prices. However, its net profit fell by 48% to US$62.2m from US$119m due to less income from its subsidiaries.

Peru: Cementos Pacasmayo’s sales revenue grew by 7.5% year-on-year to US$184m in the first half of 2018 from US$171m in the same period in 2017. Its production of cement rose by 3.9% to 1.08Mt from 1.04Mt and clinker production rose by 15.9% to 0.87Mt from 0.75Mt. Its consolidated earnings before interest taxation depreciation and amortisation (EBITDA) rose by 12.2% to US$54.7m from US$48.7m.

The cement producer said that, despite growth, it felt that the pace was lower than its expectations. Infrastructure reconstruction in the north of the country had suffered delays and self-construction has grown at lower rates than expected. It party blamed this on the country’s qualification to 2018 FIFA World Cup as funding was focused on ‘soccer-related categories.’

Peru: Cement production in Peru rose by 1.7% year-on-year to 4.8Mt in the first half of 2018 from 4.7Mt in the same period in 2016. Local despatches grew by 2% to 4.6Mt from 4.5Mt, according to data from Asociación de Productores de Cemento (Asocem). Clinker exports increased nearly six times to 0.6Mt from 0.1Mt.

Peru: Domestic cement sales climbed by 8.25% in Peru in May 2018. They had grown by 8.17% in April 2018, according to figures released by the National Institute of Statistics.

Peru: Invercem plans buy equipment for a 0.25Mt/yr cement grinding plant in August 2018. The president of the company, Victor de la Torre, will travel to Spain to finalise the deal, according to the Gestión newspaper. Previously the project was scheduled to start in late 2017. Invercem imports cement from HeidelbergCement at Salaverry near Trujillo. It then bags and sells it locally under the Qhuna brand.

Peru: UNACEM’s cement despatches for the first quarter of 2018 have fallen slightly due to a contraction in the construction market, delayed infrastructure projects and political instability leading to lower private investment. The cement producer’s income rose by 8.9% year-on-year to US$147m in the first quarter of 2018 from US$135m in the same period in 2017. Its clinker production fell by 12.9% to 1Mt and its cement production fell by 0.6% to 1.2Mt. It attributed the fall in production to a scheduled maintenance shutdown of its Atocongo plant. However, clinker exports through the Port of Conchán increased to 0.28Mt in the period.

Peru: Cementos Pacasmayo has seen its sales volumes of cement, concrete and blocks rise by 7.8% year-on-year in the first quarter of 2018, primarily due to increased sales volume of cement to the public sector and the self-construction segment. Its revenues increased by 12.8%, also due to higher cement sales, as well as an average cement price increase.

Cementos Pacasmayo’s net income was US$9.22m, a 37.3% increase, mainly due to higher sales and operating profit. Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) were US$29.2m.

Chile: Cementos Bío Bío is considering expansion plans in Argentina and Peru, according to the El Mercurio newspaper. The plans are part of its 2021 strategy. It also wants to consolidate its leadership in its local market.

Peru: UNACEM is considering buying local engineering company ARPL Tecnología Industrial, according to the Gestion newspaper. The plans will be discussed at a forthcoming shareholders meeting in late March 2018. ARPL Tecnología Industrial is an engineering company that specialises in the cement industry. It has operated for over 50 years. It offers consultancy services, and technical assistance, development and project engineering managing services, as well as analysis and physical chemical tests and computer services.

Peru: Cementos Pacasmayso has announced its financial results for the fourth quarter of and the full year 2017.

In the fourth quarter of 2017, sales volumes of cement, concrete and blocks increased by 7.3%, primarily due to increased sales volumes to the self-construction segment and to a pick up in public sector spending. The company’s cement-based earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 13.9% to US$32.3m, but consolidated EBITDA decreased by 35.7% due to a write-off in a water-desalination project.

For the full year, sales of cement, concrete and blocks decreased by 0.8%, despite the significant decline in sales volume during the first four months of the year due to the effects of the El Niño. It is important to note that year-on-year sales volume has increased steadily every month, from May 2017 through to the end of the year. Cement EBITDA for the year reached US$114.9m, a decrease of only 2.2%, despite the aforementioned detrimental El Niño effects on both sales and costs.