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News Strike at ANCAP hits cement sales in first half

Strike at ANCAP hits cement sales in first half

Written by Global Cement staff 30 August 2018
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Uruguay: An 88 day strike has reduced cement sales at Administración Nacional de Combustibles, Alcoholes y Portland (ANCAP). Its cement sales fell by 24.1% year-on-year to 0.12Mt in the first half of 2018 from 0.16Mt in the same period in 2017. Despite this, the loss from its cement business decreased to US$3.4m from US$6.06m. Its earnings were also negatively affected by rising petcoke prices. Overall, the oil and gas company reported a profit of US$52.6m across all business lines.

Last modified on 05 September 2018
Published in Global Cement News
Tagged under
  • Uruguay
  • ANCAP
  • Administración Nacional de Combustibles, Alcoholes y Portland
  • Results
  • Strike
  • GCW369
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