Loma Negra Reports Subdued Q3 Volumes with Optimism for Future RIGI-Linked Projects
Loma Negra (LOMA) reported subdued industry volumes during the third quarter, citing soft economic activity and heavy winter rainfall in July and August as primary headwinds. Despite a slow start to the quarter, management noted a significant recovery in demand starting in September. The company is positioning itself to benefit from Argentina's Regime of Incentives for Large Investments (RIGI). Specifically, Loma Negra anticipates volume growth driven by major infrastructure projects, including a Pampa-based project expected to require between 300,000 and 350,000 cubic meters of concrete.
Tickers: $LOMA
Topics: Industry Volume Macroeconomic Conditions Quarterly Results