Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
News Loma Negra

Displaying items by tag: Loma Negra

Subscribe to this RSS feed

Loma Negra to hire 120 for new line at L’Amali plant

17 October 2019

Argentina: Loma’s new line at its L’Amali plant in Olavarría Province, involving a kiln, two vertical mills and a bagging and palletising unit, will create 120 jobs, 80 of which will go to plant staff. The company had previously estimated that 220 people would work on the line. In a statement, it emphasised the importance of maximising gender parity in its recruitment process.

Loma Negra estimated that the upgrade will enlarge the plant’s capacity by 40% to 2.4Mt/yr from 1.7Mt/yr. The declaration follows the announced relocation of 45 staff members with the closure of the 1.5Mt/yr integrated Olavarría cement plant, also in Olavarría province.

Published in Global Cement News
Read more...

Loma Negra to close Olavarría cement plant

10 October 2019

Argentina: Loma Negra plans to close its Olavarría integrated cement plant. The unit has 45 employees who will be relocated elsewhere in the business, according to the Buenos Aires Económico newspaper. In recent years the plant has been operating solely as a grinding and bagging unit. The cost of upgrading the plant and the relative distance of its raw materials were factors in the decision to close it. The Olavarría cement plant was the first to be built in the country.

In September 2019 the subsidiary of Brazil’s interCement said it was converting its San Juan integrated cement plant to grinding and bagging only. Earlier in the year it came close to closing its Barker plant as it was unable to reach an agreement with the local union over staff redundancies. Alongside this it is building a new production line at its L'Amalí cement plant.

Published in Global Cement News
Read more...

Loma Negra converts San Juan plant to grinding

04 September 2019

Argentina: Loma Negra has converted its 0.2Mt/yr San Juan integrated cement plant to grinding and bagging only. 14 people have resultantly lost their jobs, five of whom have accepted relocation to the company’s Catamarca plant. Catamarca is the largest of Loma Negra’s seven production facilities in Argentina, with a cement production capacity of 1.8Mt/yr.

Published in Global Cement News
Read more...

Loma Negra ‘solid’ in second quarter

09 August 2019

Argentina: Loma Negra, Argentina’s leading cement producer, saw its net revenue decline by 2% to US$165m in the second quarter of 2019, with its earnings before interest, tax, depreciation and amortisation (EBITDA) rising by 7.1% to US$44m. This was driven by the domestic cement, lime and masonry sector.

Sergio Faifman, CEO of Loma Negra, said, “We are pleased to announce another set of solid results, our business continues to deliver adjusted EBITDA margin expansion based on our constant focus in profitability and cost enhancement initiatives. In this sense, during this quarter we adjusted our production-footprint by reconverting the Barker facility to a grinding and distribution centre, this initiative will let us be a more efficient and agile company. Considering the Argentine context, our business continues to deliver both adjusted EBITDA margin expansion and Net income growth.”

Published in Global Cement News
Read more...

Loma Negra reports fire at L'Amalí cement plant

05 August 2019

Argentina: Loma Negra says that a minor fire broke out at an auxiliary building for the second production line at the L'Amalí integrated cement plant on 1 August 2019. No casualties or injuries were reported in the incident. The subsidiary of Brazil’s InterCement said that the causes of the accident are yet to be determined but that no significant impacts are expected. The plant is currently being upgraded with a new production line that is scheduled for completion in early 2020.

Published in Global Cement News
Read more...

Head of Loma Negra says that Argentine cement is not competitive in export markets

23 July 2019

Argentina: Sergio Faifman, the chief executive officer (CEO) of Loma Negra has said that his company does not export cement because it is ‘not competitive’ with other countries. He cited logistical issues with transporting clinker and cement to ports, in an interview with the Ámbito Financiero newspaper. He also mentioned that the costs per tonne of cement in Brazil and Egypt were 30% and 50% respectively cheaper than in Argentina. In a ranging interview Faifman also discussed the cement producer’s labour problems at its Baker plant , its on-going upgrade at its L'Amali plant and negative effects from the local currency devaluation in 2018.

Published in Global Cement News
Read more...

Loma Negra reaches agreement with union to keep Barker cement plant open

24 June 2019

Argentina: Loma Negra has signed an agreement with the Asociación Obrera Minera Argentina (AOMA) union and the government to keep the Barker cement plant open. The deal follows three months of negotiations, according to La Nacion newspaper. The cement producer wanted to reduce the number of shifts at the grinding plant. It previously said it had started to close the plant in early-June 2019. The plant will continue to operate with 160 staff working a reduced workload amongst other concessions.

Published in Global Cement News
Read more...

Loma Negra challenges US legal case

21 June 2019

Argentina: Loma Negra is challenging a proposed US-based court case on behalf of US-based shareholders. The legal challenge alleges that the cement producer misled investors by misrepresenting its exposure to a corruption scandal and downplayed the potential impact of the economic crisis in 2018, according to the Ámbito Financiero newspaper. Loma Negra says that it was never involved in any bidding process related to the corruption case relating to its Brazilian owner Camargo Correa. The US lawsuit is also taking legal action against the banks involved with Loma Negra’s initial public offering (IPO) in late 2017.

Published in Global Cement News
Read more...

Loma Negra to close Barker cement plant

12 June 2019

Argentina: Loma Negra says it has started to close its Barker cement plant because it has been unable to reach an agreement with the union over staff redundancies. The company alleges that the union would not accept its plans to convert the unit into a grinding and bagging plant, according to El Cronista newspaper. The plant will now move to a single shift of operation with 24 employees whilst plans for its final closure are implemented.

Published in Global Cement News
Read more...

Loma Negra reduces staff at Barker cement plant

08 May 2019

Argentina: Loma Negra is planning to make 100 staff redundant at its Barker cement plant in Buenos Aires. It employs 230 direct employees and 90 others at the site, according to Infobae. The cement producer says it is reducing staffing levels in order to adjust the plant’s production capacity to the local market. It has also threatened to close the plant entirely if it is unable to reach an agreement over the redundancies with the union.

Published in Global Cement News
Read more...
  • Start
  • Prev
  • 1
  • 2
  • 3
  • 4
  • 5
  • Next
  • End
Page 2 of 5
Loesche - Innovative Engineering
Acquisition Cemex China coronavirus Dangote Cement Export Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Mexico Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US Vietnam
« January 2021 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2021 Pro Global Media Ltd. All rights reserved.