Displaying items by tag: Paraguay

Paraguay: Matias Cardarelli has been appointed the director of Yguazu Cementos, a joint-venture between Intercement and Concret Mix. Yguazu Cementos has a 0.4Mt/yr cement grinding plant with in Villa Hayes. Previously, Cardarelli worked for Ford Motors and Zurich Financial Services. He joined Intercement in Argentina in 2008.

Paraguay: Industria Nacional del Cemento (INC) has shut down its clinker kiln for 30 days to start work on a fuel upgrade project. The US$45m project is intended to allow the kiln to use other fuels as well as the fuel oil it currently uses. A further 90-day stoppage period has been scheduled for mid-2016. The project is expected to be complete by the end of the year.

INC’s president Jorge Mendez has reassured the public that the cement supply from his plant will not drop during the maintenance period. INC will continue delivering between 50,000 - 55,000 bags/day. The firm has 86,500t of clinker in stock. In addition the government will also import 200,000t of cement to maintain levels. INC is the country’s sole integrated cement plant.

Brazil: InterCement has sold two quarries, Guarulhos and Barueri, in São Paulo state to Polimix Concreto for US$25m. The sale includes the properties, assets and exploration rights of both quarries.

The quarry sales follows a sale of a 16% stake in Yguazu Cementos (Paraguay) for US$35m that was announced on 21 December 2015. In that sale InterCement retained a 51% stake in Yguazu Cementos to retain control of the subsidiary. The remaining share capital share capital was held by InterCement's Paraguayan partner Concret Mix.

Together both sales form part of a set of initiatives to strengthen InterCement's capital structure and increase its profitability. As part of its announcement the company highlighted the stoppage of underused plants, the divestment of concrete units in Brazil, the sale of non-strategic assets, pricing reviews and reduction of costs and expenses.

Paraguay: Although the Paraguayan state-run cement company Industria Nacional del Cemento (INC) has announced that it has secured the supplyof 50,000bags/day and is importing cement from Brazil, local distributors are still voicing their discontent with the firm. They they claim that INC is lying about the volumes that it provides. They are also complaining that the cement it imports is of poor quality and that the cement coming into the country from Brazilian producer Votorantim is too expensive.

Additionally, they argue that the imported cement is just to compensate the lack of supply from INC. They specifically complained that there were practically no regular disbursements of cement over the week beginning 26 October 2015. They believe that there is a lack of clinker for cement production and that demand from the local market is not being covered.

The head of INC, Jorge Mendez, has categorically denied the claims, stating that the distributors are making objections due to the fact that a recent negotiation process between INC and them has come to an end. He stated that 270,000 bags were handed over to distributors during the aforementioned week, including around 45,000 bags of cement produced by INC, and over 20,000 bags from imports. He feels that the issue has arisen because a certain number of distributors do not like the fact that construction firms buy imported cement and that INC regulates cement prices. Mendez has also challenged claims that Paraguay's distributors are requesting more cement.

Paraguay: Paraguay's Industry and Trade Minister Gustavo Leite has revealed that the possibility of turning Industria Nacional del Cemento (INC) into a cement importer with immediate effect is being considered by the authorities, which are concerned about on-going cement supply issues and cement prices.

A public-private partnership to increase capacity to 1Mt/yr is being sought, but this will require a new cement plant, which takes between three and four years, so it will not solve the existing problems. A tender process to import cement could be organised before the end of October 2015 and the product could arrive in November 2015.

Paraguay: Industria Nacional del Cemento (INC) is looking to diversify its fuels mixture to include other types of oils and possibly biofuels. The company has signed an agreement with the engineering faculty at Asuncion National University (FIUNA) to certify the use of biofuels. INC's president Jorge Mendez believes that, from 2016, INC may start using a variety of fuels, following a US$50m investment in its furnace. This could save US$22m/yr, but it will not necessarily mean that biofuel will be used.

Paraguay: President Horacio Cartes met with the head of the country's cement company Industria Nacional del Cemento (INC) and executives from Holcim and KBR Group on 23 October 2014. The meeting was arranged to discuss a new 4000t/day cement production line for INC at its Puerto Vallermi Plant capable of meeting a production rate of 90,000 bags/day. Cartes has also met with executives from Paolini Hnos and Loma Negra. Construction of the new line is intended to start in 2015.

Paraguay: The Paraguayan Congress is set to approve a US$67m loan to state-owned cement producer Industria Nacional del Cemento (INC) to resume investment in its Villeta and Vallemi cement plants. The funding will allow INC to continue its US$25.7m contract with FLSmidth to convert its fuel from fuel oil to coke as well as its US$6.3m contract with Claudius Peters, according to Esmerk news service. Other contracts are with Haver & Boecker, for US$7m to install two bagging facilities, and with Daca to optimise an agricultural lime plant, which is suspended due to legal issues, for US$5.9m. Overall, the investments that will be made with the loan will save INC US$30m/yr.

Portugal: Cimpor intends to invest around US$1.33bn in Latin America by 2017, according to its CEO Ricardo Lima. The main objective of Cimpor is to reinforce its position in Brazil where it already operates in all regions, except in the northern parts of the country, Lima told the Portuguese news agency Lusa.

The Portugal-based cement producer will spend part of the investment building a new cement plant in northern Brazil, at either Belém or Manaus. Due to positive results in the Argentine market another plant is planned for Argentina's western province of San Juan. In October 2013 Cimpor will inaugurate a plant in Paraguay where it holds a 35% share of the market but where it currently sells its surplus Portuguese cement.

Paraguay: Paraguayan officials have asked for Iranian assistance in building a cement plant. The issue was raised during a meeting between Paraguayan Parliament Speaker Victor Bogado and Iran's envoy to the country's capital Asuncion, Hojjatollah Soltani.

At the meeting Bogado noted that although a private sector Paraguayan company owns the Calicia mines, which are sufficient for producing cement for two centuries, his country required Iran's expertise to build a cement production plant. He reminded fellow attendees that at present Paraguay owns several small and medium-size cement production plants, but that it still imports cement from abroad.

Iran has in recent years expanded friendly ties with Latin America. Since taking office in 2005, Iranian President Mahmoud Ahmadinejad has expanded Iran's cooperation with many Latin American states, including Venezuela, Bolivia and Cuba. Ahmadinejad voiced Tehran's readiness to expand all-out ties and cooperation with Asuncion to his Paraguayan counterpart Fernando Lugo Mendez in March 2011.