Displaying items by tag: Peru
UNACEM to invest US$58m in Atocongo and Condorcocha plants over 2015
09 September 2014Ecuador: Peru's UNACEM plans to invest US$58m in Condorcocha, Junin and Atocongo, San Juan de Miraflores in 2015, following US545m of investments in 2014. The sum will primarily be allocated to the acquisition of Lafarge's cement plant in Ecuador.
A total of US$374m will be invested in the Atocongo and Condorcocha plants between 2014 and 2018, with a focus on the cement mill, the development of the Carpapata III hydroelectricity project and the construction of bagging facilities in Condorcocha. UNACEM will invest US$939m over the next five years, while it anticipates sales of US$190m in 2014. The company expects its revenues to exceed US$200m form 2016 and projects a turnover of US$256m in 2020.
Cementos Yura invests in new cement plant
04 August 2014Peru: Cementos Yura, a Gloria Group subsidiary, has invested US$50.0m in machinery and equipment for a new cement plant. The company is building capacity to meet the demand of large construction projects in Southern Peru. In the first half of 2014, Yura reported US$39.2m in profit, down from US$39.9m in the same period of 2013. Yura's domestic market share fell from 22% in the first half of 2013 to 21.7% during the same period of 2014.
Peru produces more cement in February 2014
19 March 2014Peru: Cement production in Peru reached a total of 832,275t in February 2014, according to the national cement association Asocem. This represents 3.4% growth year-on-year compared to February 2013.
Peruvian joint venture plant no longer on the cards
29 January 2014Peru: Sources close to the Peruvian cement sector have reported that the shareholders of Cementos Portland (Cempor), a joint venture between Peru's Portland Investment World Cement Group, Brazil's Votorantim Cimentos and Chile's Cementos Bío Bío that was due to construct a cement plant close to the Peruvian capital Lima, did not reach an agreement on its agenda items. They are now to resolve their differences in an international commercial arbitration, which will probably take place in France. Issues came to a head at a meeting on 27 January 2014 due to a disagreement over financing.
Thang Long Cement exports 30,000t of cement to Peru
11 December 2013Vietnam: Thang Long Cement has exported 30,000t of cement cargo in bulk packed with Jumbo bags to Peru. This is the first and largest shipment of cement the Semen Indonesia subsidiary has exported to Peru in 2013. Since May 2013 Thang Long Cement has exported over 750,000t of products.
Cementos Pacasmayo sales up by 11% in Q2
07 August 2013Peru: Cementos Pacasmayo has reported a rise in sales of 9.1% to US$197m for the second quarter of 2013 from US$180m in the same period in 2012. However the Peruvian cement producer's net profits were hit by negative exchange rate changes in the second quarter of 2013 and fell by 21.7% to US$8.38m. Despite the effects of the exchange rate drop, the company attributed its increase in sales to growing domestic demand for cement by so-called 'self-construction' projects.
The company's operating profit rose by 72.9% in the second quarter to US$27.9m from US$16.1m. Consolidated earnings before interest, tax, depreciation and amortisation rose by 60% to US$32.8m from US$20.5m. Total cement production increased year-on-year to 0.55Mt from 0.51Mt.
In its summary of quarterly events Cementos Pacasmayo reported that it obtained the approval of the environmental impact study in May 2013 for the construction of the new cement plant in Piura. Construction of the plant is expected to begin in the 'coming months.'
Grupo Gloria to spend US$217m on Yura upgrade
17 July 2013Peru: Peruvian industrial conglomerate Grupo Gloria plans to invest US$217m towards upgrading production at its Yura cement plant near Arequipa. The plant currently has a cement production capacity of 3.5Mt/yr and the upgrade is expected to double production by 2016.
The project will include the installation of a new clinker line with a capacity of over 4500t/day, a new cement mill and bagging, pallet and loading equipment. The work will create more than 3000 direct jobs and over 9000 indirect ones.
Construction is set to start in 2013 with the mill complete by mid-2014 and the new clinker line ready by the end of 2016. Grupo Gloria is targeting the additional cement capacity at the south of Peru and Bolivia.
Peru: Cementos Pacasmayo had reported a 13% rise in its net income to US$17.1m for the first quarter of 2013 from US$15.1m in the same period in 2012. The Peruvian cement producer's sales rose by 5% to US$110m from US$105m. The company said its cement sales volume rose by 6.5% to 569,300t from 534,500t.
"The 'self-construction' segment continued to drive sales as a result of economic growth registered in the northern region of Peru," the company said. It also cited favourable financing conditions and the creation of quality jobs for driving growth in private consumption as reasons for increased cement sales volumes.
Yura orders Loesche plant
01 May 2013Peru: Yura has ordered a vertical roller mill from Loesche America for installation at a cement plant in Arequipa.
The subsidiary of Gloria Group has chosen a Loesche Mill Type LM 56.2+2 C/S to be part of a clinker and pozzolana dry-grinding plant. The product rates will be exceeding 170t/hr of cement with a fineness of 5000cm²/g Blaine. The gearbox has an installed capacity of 4000kW.
Loesche will be responsible for the complete import portion of the grinding plant in between mill feeding hoppers and cement silo inlet. Additionally, Loesche will deliver a compact LOMA hot gas generator, the set of main drive motors, a set of instruments for process control loops and the dust emission monitoring. Delivery is expected to take eight months.
Cementos Pacasmayo more than doubles income in 2012
20 February 2013Peru: Peruvian cement producer Cementos Pacasmayo has reported that it more than doubled its net income in 2012, to US$61.6m from US$26.2m in 2011. Fourth quarter income was reported having increased by 41% year-on-year to US$15.5m from US$11m in 2011. Cementos Pacasmayo sold 617,500t of cement in the fourth quarter of 2012, a 14% rise from 540,800t sold in the same period in 2011.
"The strength in public and private investment, favourable financing conditions and the creation of high quality jobs resulted in higher cement sales volume," the company said.
Cementos Pacasmayo supplies cement to northern Peru, where about 22% of the population lives and which accounts for approximately 15% of Peru's national gross domestic product.