Displaying items by tag: Uruguay

Argentina: Loma Negra’s sales and earnings have increased due to a strong market recovery in its domestic market. Its sales revenue rose by 54.8% year-on-year to US$752m in 2017 from US$486m in 2016. Its adjusted earnings before, interest, taxation, depreciation and amortisation (EBITDA) rose by 67.7% to US$194m from US$116m. Its cement and lime sales rose by 18.6% to 6.99Mt from 5.89Mt. The cement producer also benefited from an increased equity share of Paraguay’s Yguazú Cementos during the year.

“2017 was a pivotal year for Loma Negra marked by achieving significant milestones. Key events for the company last year included: volume and sales expansion benefitting from the economic momentum in Argentina, record EBITDA, commenced expansion of the L’Amalí plant and ending the year with the successful Initial Public Offering (IPO) – the largest Argentine IPO in almost 25 years and the largest ever for a cement company,” said Sergio Faifman, Loma Negra’s Chief Executive Officer.

Uruguay: The Administración Nacional de Combustibles, Alcoholes y Portland (ANCAP) is reportedly unsure what to do with a spare kiln it owns. The state-owned oil and cement producer purchased the US$80m kiln for its Paysandú cement plant, according to the Uypress news agency. At present the parts and components are stored at the site.

ANCAP’s union would like the kiln to be installed to secure cement supply at the plant. However, the company’s cement division has built up a debt of US$207m over the past 15 years and it is expected to make a loss of US$15m in 2017. The cement producer plans to cut 60 jobs and make savings of US$20m by 2019.

Uruguay: FLSmidth has been awarded an order from Cielo Azul Cementos y Calizas to build a 1200t/day cement plant at Treinta y Tres. The order is scheduled for completion by the end of 2017. The plant will be ready mix concrete producer Cielo Azul’s first cement production site.

The equipment being supplied includes an Atox 25.0 vertical mill for raw grinding, an Atox 13.5 vertical mill for coal grinding, a pyro processing system with low NOx ILC calciner, 3 base kiln, a Jetflex Burner, a Cross-Bar CB 6x29 cooler and OK 25-3 vertical mill for cement grinding, planetary gear units for vertical mills, bag filters, packing plant, control system, plant automation, weighing and metering systems.

Uruguay: Fancap, the workers union of the Administración Nacional de Combustibles, Alcoholes y Portland (ANCAP), has criticised imports of cement produced in Turkey by Cementos Charrua. It says that these imports have been dumped in the country at lower than the local price of production, negatively impacting the local industry, according to the El Observador newspaper. Cement is allegedly imported from Turkey and then it is repackaged in bags with the Uruguayan brand for resale. Fancap has asked the government to reassess tariffs for cement imports. It says that these imports are affecting operations at both ANCAP and Cementos Artigas.

CORRECTION: This story originally mentioned Turkey's Çimsa Çimento in relation to Cementos Charrua. Çimsa says it has never been involved in any commercial cooperation with this company in Uruguay.

Uruguay: Three cement companies are planning to invest up to US$262m in the Treinta y Tres region of Uruguay to meet demand for building materials driven by the 2016 Rio de Janeiro Olympic Games.

The Uruguan state oil and cement company Ancap, alongside Spanish firm Cementos Molins and Brazil's Votorantim, have filed an environmental impact study for a new cement plant with a capacity of 750,000t/yr. Total costs are estimated at US$160m, with Cementos Molins contributing 60% of the investment and Ancap and Votarantim contributing 20% each.

Ancap is also preparing environmental studies for two new lime production plants. A first unit will have a capacity of 150t/day with an investment of US$7m. Ancap has already secured a contract with Brazilian federal power holding group Eletrobras to place this production. A second unit will have a capacity of 500t/day with an investment of US$95m, including infrastructure costs related to the project.

In order to provide the region with better export options towards Brazil, Uruguayan port authority ANP is trying to develop a commercial route connecting the Merín and the Los Patos lakes. Merín lake is on the border between Uruguay and Brazil's southernmost state Rio Grande do Sul, and it is connected by the San Gonzalo canal to the Los Patos lake, which in turn empties into the Atlantic ocean.