
Displaying items by tag: Cbb
Nine-month Chilean cement shipments drop by 14%
09 December 2022Chile: Cement shipments fell by 14% year-on-year during the first nine months of 2022, to 3.2Mt from 3.7Mt. The La Tercera newspaper has reported that a construction slowdown impacted on the cement sales of all three of Chile’s cement producers. Cbb’s despatches fell by 18%, Cementos Melón’s by 15% and Cemento Polpaico’s by 9.5%. At the same time, the producers’ expenses rose due to increased costs across transportation, raw materials, fuels, labour, administration and finance. Meanwhile, imported cement from Asia reportedly presents a cheaper alternative for customers.
Cbb profit drops by three quarters
14 September 2022Chile: Cbb has reported a profit of US$2m for the period January - June 2022, which represents a decrease of 74% year-on-year compared US$7.9m during the same period in 2021. The decrease came despite a 15.3% increase in revenues, which rose to US$169m. The company said that the difference could be mainly explained by lower margins from increased distribution costs and administration expenses.
Chile: Cbb's first-quarter operating income was US$93.5m in 2022, up by 14% year-on-year from US$81.7m the first quarter of 2021. Nonetheless, the company's net profit fell by 89% to US$573,000 from US$5.04m.
Unacem buys Cemento San Antonio grinding plant from CBB
04 January 2022Chile: Peru-based Unacem has bought CBB’s Cemento San Antonio grinding plant in Valparaíso region for US$30.8m. The deal also covers the nearby Popeta pozzolano deposit.
Fábrica Nacional de Cemento to increase clinker exports to Chile
23 September 2021Bolivia: Fábrica Nacional de Cemento (FANCESA) has received an order for 8000t of clinker from Chile. The Correo del Sur newspaper has reported that the company previously delivered 1000t of clinker to Chile-based Cbb’s grinding operations in the country. The producer says that it is in the process of securing a supply contract for 80,000t/yr of clinker with its Chilean customer.
CBB slashes Matarani cement grinding plant budget
20 July 2021Peru: Chile-based CBB, formerly Cementos Bío Bío, has reduced the budget for its planned Matarani cement grinding plant near Arequipa by 79% to US$8.95m from US$42.5m. According to the Gestión newspaper, the producer had previously secured and environmental permit for the unit.
Cbb’s Arequipa grinding plant faces zoning challenge
15 February 2021Chile: The protest organisation Frente de Defensa de Islay has launched a challenge against the legality of Cbb’s planned 200,000Mt/yr Arequipa grinding plant in the Port of Matarani. The La República newspaper has reported that the organisation says that the plans would violate Islay district’s urban zoning law due to the risk of contamination.
The producer plans to complete the US$20m plant in mid-2021. It acquired the project from Inversiones Primax in 2019.
Cbb inaugurates cement grinding plant in Arica
05 April 2019Chile: Cbb, formerly known as Cementos Bío Bío, has inaugurated a new 0.2Mt/yr cement grinding plant at Arica. The unit had an investment of US$20m, according to the Diario Financiero newspaper. It is the company’s fifth plant in the country. As part of Cbb’s expansion strategy to target Peru, the new plant may double its production capacity in the future. The cement producer is also planning to build a US$20m plant at the Port of Matarani near Arequipa in Peru for a scheduled commission date in 2020.
Cementos Bío Bío rebrands as Cbb
22 March 2019Chile: Cementos Bío Bío has changed its name to Cbb as as part of a rebranding exercise to target the group for the digital age and to target growth outside of Chile. Chief executive officer (CEO) Enrique Elsaca said that the change is part of the company’s Transforma 2021 plan, including investment of US$150m in Chile, Argentina and Peru, according to the El Mercurio newspaper.
It is about to inaugurate a cement grinding plant at Arica in Chile, it plans to build a US$20m plant at Arequipa in Peru for commissionoing in early 2020 and it plans to upgrade its San Juan lime plant in Argentina. It also hopes to build a new lime plant in northern Argentina to supply the lithium business.