Displaying items by tag: Bolivia

Bolivia: Bolivia recorded a 2.7% year-on-year increase in cement production and sales in August 2024. According to the National Statistics Institute, production reached 2.6Mt from January - August 2024, up from 2.53Mt in the same period in 2023. Santa Cruz produced 699,062t of cement, followed by La Paz with 679,317t, Chuquisaca with 510,841t, Cochabamba with 384,329t, Oruro with 214,660t and Tarija with 150,068t.

Marcelo Morales, general manager of Itacamba Cemento, noted a year-on-year increase of 3% in domestic demand, with 2.6Mt of cement consumed as of August 2024, saying that the growth was positive ‘considering the current economic situation’.

General manager of the Bolivian Institute of Cement and Concrete, Marcelo Alfaro, also mentioned that Santa Cruz, La Paz and Cochabamba collectively account for about 70% of cement sales in Bolivia, according to La Razón newspaper. The cement industry's installed capacity reportedly stands at 10Mt/yr and the country is facing challenges exporting cement, as neighbouring countries already produce their own.

Bolivia: The Viacha cement plant, operated by Sociedad Boliviana de Cemento (Soboce), has launched a pilot to co-process discarded electrical and electronic equipment into alternative fuels. This initiative, developed in coordination with the Ministry of Environment and Water, involves the management of 133t of materials. The process includes converting discarded plastics with brominated flame retardants into energy for the plant.

CEO of Soboce, Francisco Shwortshik, said "Viacha has all the licenses and environmental authorisations for the co-processing of alternative fuels. Today we are witnessing a historic milestone for the industry, because it marks the beginning of the era of alternative fuels, as a sustainable environmental solution for the country."

Bolivia: Cement exports from Bolivia have dropped significantly, falling from US$10.5m in 2017 to just US$0.2m in 2023, as reported by the National Institute of Statistics and the Bolivian Institute of Foreign Trade (IBCE). Bolivia’s main export market is Paraguay, with over 95% of cement exports heading there. The decline reportedly began when the Paraguayan government started to protect its local industry by limiting imports, according to CE NoticiasFinancieras.

Bolivia: National cement production reached a record 4Mt in 2023, despite a noted decline in exports, according to the Bolivian Institute of Foreign Trade (IBCE). Santa Cruz contributed 27.4% to the total cement output, followed closely by La Paz with 26.8%, and Chuquisaca at 18.3%. According to Noticias Financieras News, this output is largely due to investments by cement companies in Santa Cruz, such as Itacamba's US$220m investment in a new plant in 2016, which has a production capacity of 870,000t/yr. Other firms like Soboce and Fancesa have also invested in the region. The construction industry in Santa Cruz grew by 3% in 2023, although this was a decrease in growth rate compared to previous years.

Bolivia: The Bolivian Attorney General’s Office says that is open to meeting representatives of Sociedad Boliviana de Cemento (SOBOCE) in order to negotiate a ‘better arrangement’ following Bolivia’s nationalisation of a stake in SOBOCE subsidiary Fábrica Nacional de Cementos (FANCESA) by supreme decree in 2010. SOBOCE owes FANCESA US$108m in damages for unfair competition since that time.

SOBOCE said "SOBOCE, together with its shareholders of Grupo Gloria del Peru, will continue to resort to judicial and/or arbitration channels (national or international) for the recognition of their rights. We believe in justice and in the legitimate right that we have, since the Bolivian Constitution guarantees the payment of compensation in case of expropriation."

Bolivia: The Permanent Court of Arbitration has found itself ‘without jurisdiction’ to resolve a claim by Consorcio Cementero del Sur, Grupo de Inversiones Gloria Bolivia, SOBOCE and Yura Inversiones Bolivia against the Bolivian government over the nationalisation of a stake in FANCESA. Local press has reported that Bolivian Attorney General’s Office welcomed the finding as a ‘resolution of the case in favour of the Bolivian state.’

Bolivia: The Federation of Private Entrepreneurs of Santa Cruz (FEPSC) and the United Nations Development Programme (UNDP) awarded the Sustainability Seal to Itacamba on 11 November 2023. Local press has reported that the award recognises the successes of the producer’s upgrade to the grinding unit at its Yacuses cement plant. The upgrade reduced the energy footprint of the plant’s cement by 1.5kWh/t and eliminated 0.3% of its total CO₂ emissions.

Bolivia: Sociedad Boliviana de Cemento (SOBOCE) has successfully completed and launched its new brand redesign. The Periódico La Patria newspaper has reported that the company’s new logo comprises two circles forming an S, a ‘harmonious image’ which also implies the infinity symbol. The colour palette is green, because of its association with sustainability.

SOBOCE chief executive officer, Francisco Shwortshik said "SOBOCE has accumulated almost a century of history, in which time it has contributed significantly to the construction of this country, from its monumental works to the homes in which families have invested their dreams. But it also represents the future, a future marked by innovation and sustainability, and we wanted all this to be reflected in our new corporate image.”

Bolivia: State-owned gas and oil company YPFB has commenced gas supply to Potosí via its Sucre-Potosí gas pipeline, which underwent a 32% capacity expansion to 4.15Mm³/day. Página Siete News has reported that the expansion cost US$5.8m. YPFB said that it can now increase gas allocations in accordance with customers' contracts.

Empresa Publica Productiva Cementos de Bolivia (ECEBOL) is scheduled to commission its upcoming 1.3Mt/yr Potosí cement plant in June 2023. YPFB holds a contract to supply 337,000m³/yr of natural gas to the plant. YPFB says that the expanded Sucre-Potosí pipeline will help to boost cement production in Bolivia, both to supply domestic demand and to establish an export market.

Bolivia: Bolivia produced 915,000t of cement during the first quarter of 2023, up by 3.2% year-on-year from 886,000t in the first quarter of 2022. Domestic consumption rose by 1.9% to 871,000t in the period under review. The National Institute of Statistics has recorded total national cement imports worth US$35m, up by 45% from US$24.1m.