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.
UNACEM cement despatches down as construction market contracts
Written by Global Cement staff
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