Displaying items by tag: Itacamba Cemento

Bolivia: Itacamba Cemento declared a general assembly of bondholders on 22 May 2023 void after bondholders failed to attend in sufficient numbers for the meeting to proceed. The company said that there was insufficient quorum in accordance with the provisions of its bond issuance programme, and that the way forward would be to call a new assembly.

This story was amended on 26 May 2023, after a previous version erroneously stated that the bond issuance had been declared void - whereas it was the inquorate meetings that were declared void. Global Cement apologises for this error.

Bolivia: Itacamba Cementos has appointed Marcelo Morales as its general manager.

Morales previously worked as the chief financial officer and head of procurement for the cement producer since 2015. Before this he held a variety of roles in Brazil for Votorantim Cimentos including finance, strategy and marketing roles. He was also the head of the company’s lime business for a period. Morales holds a qualification in business administration and a master’s degree in business administration.

Paraguay: Bolivia-based Itacamba Cemento has increased its cement exports to Paraguay in the eight months to 31 August 2019 to 38,000t, 10% of the latter’s market demand. This represents an increase of 322% compared to 9000t in the same period of 2018. Pagina Siete has reported that the company additionally imported 36,000t of clinker, a 32% decrease of from 53,000t in the eight months to August 2018. Itacamba Cemento general manager Alexander Capela has expressed the company’s desire to use the Paraguay-Paraná Waterway to export surplus finished product, mainly to wholesale distributors in Asunción. The company aims to consolidate its 1.2Mt/yr capacity to meet Bolivia’s increasing domestic demand, currently 4.5Mt/yr.

Itacamba Cemento began exporting cement to Paraguay in 2017 due to the favourable exchange rate and hence a high profit margin for Bolivian produce exchanged for Paraguayan guaraní.

Bolivia: Coboce, Itacamba Cemento, Soboce and Fancesa have all reported weakened demand for cement in the first half of 2017. Coboce’s sales growth has slowed year-on-year to 5% due to a reduced local government spending on infrastructure projects and poor weather, according to the El Deber newspaper. Despite this the cement producer expects sale to grow by 6 – 8% as a whole for 2017. Sales of the Camba cement brand produced by Itacamba Cemento have increased and this brand now holds 30% of all sales in Santa Cruz. Fancesa has seen a sharp contraction of its market share in Santa Cruz to 35% from 57%, although this now appears to have stabilised. The company is now targeting Cochabamba and Potosi.

Bolivia: President Evo Morales has inaugurated the Itacamba Cement plant in Yacuses in the department of Santa Cruz. The plant had an investment of US$220m and has a production capacity of 0.95Mt/yr, according to Via Empressa. Itacamba Cement is a joint venture between Spain’s Cementos Molins, Brazil’s Votorantim Cement and Camba Cement. The cement producer also operates a grinding plant in Puerto Quijarro and its hopes to produce up to 1.2Mt/yr of cement from both sites. The plant is also expected to create up to 540 direct and indirect jobs.

Bolivia: Itacamba Cemento intends to import 50,000t of cement in 2015 to guarantee supplies in Santa Cruz. Itacamba Cemento will also raise its production by 6% in 2015 to 3.6 million bags.

Cement demand in Bolivia is expected to increase by 8 - 10% in 2015 according to estimates by the local cement industry. However, due to insufficient local production, cement has to be imported. In 2014 the government used Insumos Bolivia to import about 600,000 bags of cement. A similar amount is planned for import in 2015.

Guillermo Schrupp, the president of the Construction Chamber in the Santa Cruz department of Bolivia, Cadecocruz, has said at least two or three more cement plants are needed in the medium to long term in order to meet rising demand until the Rositas hydroelectric dam is completed in 2018.

Bolivia: Itacamba Cemento SA has awarded its new raw material grinding solution to Gebr. Pfeiffer Inc, a subsidiary of Gebr. Pfeiffer SE. The company's new 2000t/day capacity cement plant will be located in the municipality of Yacuces, Germán Busch Province.

Gebr. Pfeiffer will supply the raw material grinding system, using an MPS 3750 B mill as its key component. Raw material output will be 210t/hr with a fineness of 14% residue on 90µ. The project scope includes a rotary lock DSZ 1400 R, a raw mill MPS 3750 B, a classifier SLS 3150 B, cyclones AZZ 500 and related engineering and spare parts. Delivery to the Yacuces Plant is scheduled for the second quarter of 2015.