Displaying items by tag: Peru

Peru: Cementos Pacasmayo recorded a net profit of US$40.2m in the three months to 30 September 2019, up by 20% from 33.4% in 2018’s third quarter. The company has said that structural changes, such as the centralisation of type V production at its Pacasmayo plant, and temporary increases in costs slightly restricted this margin. Net sales likewise increased by 20% year-on-year to US$383m from US$319. July and August 2019 set monthly sales volumes records for the company, driven by increased concrete and prefabricated shipments which it forecasts will continue to grow. This is a positive signal for the realisation of Cementos Pacasmayo’s vision of becoming a construction solutions company by 2030.

Peru: Cement producers in Peru dispatched 0.94Mt of cement in September 2019, up by 7.4% on the September 2018 figure of 0.88Mt. Demand continues to outstrip domestic production, with a 6.5% increase to 1.0Mt from 0.97Mt in September 2019. Consumers imported a total of 50,000t, primarily from Vietnam.

Peru: UNACEM’s sales rose by 1.5% year-on-year to US$296m in the first half of 2019 from US$292m in the same period in 2018. Its profit grew by 20.5% to US$74.3m from US$61.7m. Cement production increased by 8.5% to 2.62Mt from 2.42Mt. The cement producer also said that clinker exports from its Conchán pier fell by 22% to 0.45Mt from 0.58Mt.

Peru: Cementos Pacasmayo’s sales grew by 5.3% year-on-year to US$193m in the first half of 2019 from US$183m in the same period in 2018. Its consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 5% to US$57.1m from US$54.5m. Cement production at its three plants rose by 10.6% to 1.2Mt from 1.08Mt. The cement producer attributed the growth in sales to higher sales in the public sector, El Niño reconstruction spending and a revival of infrastructure projects.

Peru: Cement production rose by 6% year-on-year to 5.02Mt in the first half of 2019 from 4.75Mt in the same period in 2018. Local despatches rose by 5% to 4.84Mt from 4.60Mt. Data from the Asociación de Productores de Cemento (ASOCEM) shows that clinker exports fell by 18% to 0.45Mt from 0.55Mt. Clinker imports remained stable. Consumption increased by 3% to 5.50Mt from 5.33Mt.

Peru: Cemento Inka plans to start civil engineering work on its new 0.7Mt/yr grinding plant at Pisco by September 2019. The US$20m project is expected to take 12 months to complete with a commissioning date scheduled for the second half of 2020, according to the Gestión newspaper. The cement producer is also in talks with quarry owners to source limestone for the unit.

Peru: The Supreme Court has upheld a fine of nearly US$2m by the National Institute for the Defense of Free Competition and the Protection of Intellectual Property (INDECOPI) on UNACEM. The penalty was levied due to UNACEM and its distribution network refusing to allow retailers to sell cement made by its competitor, according to the Gestión newspaper. INDECOPI said that in 2014 UNACEM and its collaborators refused to allow retailers to stock its Sol brand of cement if they were selling the rival Quisqueya brand produced by Mexico’s Cemex.

Peru: UNACEM has launched Andino Forte, a cement product targeted at markets in the Amazon regions of the country. The product is designed for construction projects in the jungle and highland regions, according to La Region newspaper. The cement producer says it offers high resistance against salt in the medium and long term.

Peru: UNACEM has ordered a clinker cooler for its Condorcorcha cement plant from Turkey’s Fons Technology International, part of Dal Engineering Group. The cement producer will replace its existing cooler with a new FTI clinker cooler. The FTI cooler is designed so that it can reuse the existing cooler casing and refractory. It has also ordered a three-roller crusher for its 1500t/day clinker production line. Installation is scheduled for September 2019. No value for the order has been disclosed.

Bolivia: Imports of cement fell by 30% year-on-year to 0.19Mt in 2018 from 0.27Mt in 2017. Data from the Bolivian Foreign Trade Institute and the National Institute of Statistics of Bolivia shows that cement imports were 0.51Mt in 2016, according to Hoy Bolivia. In 2018 Peru was the largest exporting country to Bolivia followed by Brazil, Argentina and Mexico. An increase in local production through the opening on new plants has contributed to the declining imports.