Peru: Cementos Pacasmayo recorded a net profit of US$40.2m in the three months to 30 September 2019, up by 20% from 33.4% in 2018’s third quarter. The company has said that structural changes, such as the centralisation of type V production at its Pacasmayo plant, and temporary increases in costs slightly restricted this margin. Net sales likewise increased by 20% year-on-year to US$383m from US$319. July and August 2019 set monthly sales volumes records for the company, driven by increased concrete and prefabricated shipments which it forecasts will continue to grow. This is a positive signal for the realisation of Cementos Pacasmayo’s vision of becoming a construction solutions company by 2030.

US: The restoration of Anchorage Petroleum Cement Terminal in Alaska to fully functioning docking capabilities for oil well cement offloading operations after its ruin in an earthquake of 30 November 2018 will cost US$81m. At a special meeting on 23 October 2019, the port Commission voted to petition the Anchorage Assembly for a progressive tariff increase on all petroleum imports over 10 years to US$399/t from US$116/t.

The works are scheduled for completion by January 2021, with the possibility of a reduction in the rate of tariff increase subject to grants received from the state.

Australia: Wagners Holdings announced on 23 October 2019 that it will resume the supply of cement products to Boral at an undisclosed price following the suspension of deliveries due to a collapse in relations in March 2019. The companies are due to meet in court in late November 2019.

China: Anhui Conch cement made a net profit of US$3.36bn in the nine months to September 2019, up by 15% from US$2.92bn in the corresponding period of 2018. Sales over the period were US$15.7bn, having increased by 42% from US$11.0bn in the first nine months of 2018. The company explained the disparity between revenue and profit in terms of increased operating costs of 32% compared to 2018, “due to the expansion of product sales and trading business.”