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News Peru

Displaying items by tag: Peru

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Peruvian cement demand to decline in 2023

21 September 2023

Peru: The Central Reserve Bank of Peru expects national cement consumption to fall by 3.7% in 2023. The Gestión newspaper has reported that demand declined month-on-month over seven successive months up to August 2023. It fell by a double-digit figure year-on-year in the first half of 2023. In August 2023, imports of cement declined by 95% month-on-month, to 2000t from 38,000t.

Peruvian Chamber of Construction executive director Guido Valdivia said "The first factor to consider is El Niño. If it starts in November 2023, it will affect construction output in 2023; if it is postponed to 2024, we expect a drop of only 3.3% in 2023.″ The Peruvian Property Developers’ Association (ASEI) forecast a 4% drop in construction output in 2023, followed by growth of 3.2% in 2024.

Grupo Gloria’s vice president, cement, concrete and lime, Luis Díaz told investors that the gap between Peruvian cement production and consumption will close ‘substantially’ during the remaining months of 2023, due to raised demand from infrastructure projects.

Published in Global Cement News
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Maerz to supply lime kiln for UNACEM

30 August 2023

Peru: Switzerland-based Maerz has received an order from UNACEM (Unión Andina de Cementos) to supply a 600t/day PFR lime kiln. The kiln will be built and operated jointly at Tarma by UNACEM and Mexico-based lime producer Calidra Group. UNACEM already runs its integrated Condorcocha cement plant in Tarma. The supplier says that the kiln will be ready to install future CO2 capture technologies due to airtight sealed charging and discharging systems. It will also save up to 20% of electrical energy compared to conventional rotary piston blowers by using high-pressure fans to provide the process air.

Planning is underway for the project and is expected to be completed by the end of 2023. Maerz’ scope of supply will include the petroleum coke firing system, skip winch, charging and discharging systems, high-pressure fans, hydraulic unit and control system. According to the schedule, commissioning should take place in the first half of 2025.

Published in Global Cement News
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Cementos Pacasmayo's sales and earnings drop in first half of 2023

21 July 2023

Peru: Cementos Pacasmayo's consolidated sales declined by 12% year-on-year in the first half of 2023. The company recorded a general decline in its cement and concrete volumes of 18%. It said that its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 5.9% to US$64.8m.

Published in Global Cement News
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Cementos Inka commissions Pisco grinding plant

10 July 2023

Peru: Cementos Inka has announced the successful commissioning of its new 800,000t/yr Pisco grinding plant. The new plant is equipped with Christian Pfeiffer grinding and separation equipment. El Comercio News has reported that the producer invested US$55m in the plant. This exceeded previous budgets by 15 - 22%, due to coronavirus-related costs rises. This latest commissioning triples Cementos Inka's installed capacity to 1.2Mt/yr. General manager Carlos Choy estimated that the producer's market share has risen to 10% from 3.9%.

Choy said that the producer's next project will be the construction of a 1 - 1.5Mt/yr kiln line to produce clinker at the site.

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UNACEM Peru reduces its cement's CO2 emissions by 2.7% in 2022

06 July 2023

Peru: UNACEM Peru said that it reduced its CO2 emissions per tonne of cement by 2.7% year-on-year during 2022. Throughout the year, the company reduced its electricity consumption by 3.4%. It sourced 90% of its electricity from renewable sources and met 70% of its fuel needs with natural gas. UNACEM Peru is committed to reaching carbon neutral cement production by 2050.

In terms of community engagement, the producer benefitted 76,700 people through its social infrastructure investments and 14,1000 people through its dialogue space initiatives, and provided its remote health guidance service to 3000 people.

Published in Global Cement News
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Unacem and Grupo Calidra to launch lime joint venture

15 June 2023

Peru: Unacem and Grupo Calidra have received clearance from the National Institute for the Defense of Competition and Protection of Intellectual Property (Indecopi) to launch a joint venture in the lime sector. Carretera News has reported that the new company will establish a 600t/day lime plant, at an investment cost of US$40m. The partners expect to commission the plant in early-mid 2025. Unacem, which holds a 51% stake in the venture, has reported that it and Grupo Calidra will fund the growth from a combination of their own finances and bank loans.

Published in Global Cement News
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Invercem commissions 220,000t/yr Pisco grinding plant

26 May 2023

Peru: Invercem has successfully commissioned its new 220,000t/yr Pisco grinding plant in Ica Department. Management News has reported that the plant cost US$30m to build. Cemex Peru will supply clinker for use in cement production at the plant. Invercem plans to supply cement produced at the plant to the Cusco market under the Patrón brand. The company says that the facility has the potential to further expand up to a capacity of 330,000t/yr. In the longer term, Invercem aims to establish an integrated cement plant and limestone mine.

Published in Global Cement News
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Unacem increases first-quarter sales in 2023

19 May 2023

Peru: Unacem recorded consolidated sales of US$380m during the first quarter of 2023, corresponding to year-on-year growth of 2.6%. Despite this, the producer's earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 7.4% to US$105m. Unacem attributed its sales growth to 'strong' cement sales volumes in the US, as well as increased prices across its markets. The domestic Peruvian market contributed US$247m (65%) of Unacem's sales, up by 0.5% year-on-year. Peruvian cement volumes fell by 8%, while high fuel costs there contributed to a local decline in earnings.

Looking ahead to the full 2023 financial year, Unacem CEO Pedro Lerner expects the group's consolidated sales to rise year-on-year. He forecast a 10% drop in Peruvian cement volumes to 6Mt. Lerner said that the company is 'monitoring events' in neighbouring Ecuador, but considers it inevitable that on-going political disturbances will 'affect economic conditions' in the market.

Published in Global Cement News
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Peruvian cement production falls in first quarter of 2023

24 April 2023

Peru: Data from Asocem, the Peruvian Cement Association, shows that national cement dispatches reached 958,000t in March 2023, a 17% decrease compared to March 2022. Asocem members made 894,000t of cement, a 20% decrease. They produced 770,000t of clinker, a fall of 18% year-on-year.

Asocem members exported 13,000t of cement, a 27% decrease compared to March 2022. They exported 36,000t of clinker, a 19% decrease. Peru imported 8000t of cement and 44,000t of clinker, year-on-year falls of 85% and 72%, respectively. Most imports came from Vietnam, Chile and South Korea.

Published in Global Cement News
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Peruvian competition authority fines Yura and Raciemsa

01 March 2023

Peru: The Peruvian National Institute for the Defence of Free Competition and the Protection of Intellectual Property (Indecopi) has fined Yura and fellow Grupo Gloria subsidiary, transport company Racionalización Empresarial (Raciemsa), US$15.7m for abuse of their dominant position. Local press has reported that the companies conducted anti-competitive practices in Arequipa, Cusco, Moquegua, Puno and Tacna, where Yura holds an over 90% market share, between October 2014 and April 2019. Alleged practices included threatening to restrict the supply of Yura cement to enforce exclusive supply contracts and restricting access to Yura cement plants for trucks transporting cement from other producers.

Published in Global Cement News
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