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News Melón increases sales despite drop in cement volumes in 2022

Melón increases sales despite drop in cement volumes in 2022

Written by Global Cement staff 22 February 2023
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Chile: Melón’s sales rose by 2% year-on-year to US$305m in 2022. The producer recorded a 17% drop in its cement production to 1.13Mt. Operating costs rose by 11%, with rises across raw materials, transport and utilities costs. As such, the producer reported a net loss of US$12m, compared to a net profit of US$15.3m in 2021.

Melón noted a ‘very challenging market’ with ‘active competition’ so far in 2023, including a low capacity utilisation situation in the domestic cement industry.

Published in Global Cement News
Tagged under
  • Chile
  • Melon
  • Results
  • GCW596
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