Mission Statement, Vision, & Core Values (2024) of Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA)

An Overview of Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA)

General Summary of Loma Negra

Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) is a leading cement producer in Argentina, established in 1926. The company has a rich history of supplying the construction industry with high-quality cement and associated products. Loma Negra operates multiple plants, notably its flagship cement production facility located in L’Amalí, Buenos Aires Province.

As of 2024, Loma Negra offers a wide range of products including ordinary Portland cement, special cements, and aggregates. The company serves various segments of the market, from residential construction to large-scale infrastructure projects. In 2024, Loma Negra reported total sales of approximately ARS 60 billion.

Company's Financial Performance in the Latest Financial Reports

In its latest financial report for Q2 2024, Loma Negra achieved remarkable financial performance, with record-breaking revenues driven primarily by significant sales of its main product, cement. The company reported a revenue of ARS 25 billion for the quarter, representing a year-over-year growth of 35%.

The growth in revenues is attributed to increased demand for cement in the domestic market, bolstered by ongoing infrastructure projects and a rebound in construction activity post-pandemic. Loma Negra has also expanded its market reach, enhancing distribution capabilities across Argentina.

Introduction to Company as One of the Leading Companies in the Industry

Loma Negra stands as one of the premier companies in the cement industry within Argentina, consistently ranking among the top producers. Its commitment to innovation, quality control, and sustainability has positioned Loma Negra as a trusted partner for construction firms across the nation.

Moreover, the company’s investments in technology and eco-friendly practices have substantially contributed to its competitive edge, ensuring not only financial growth but also a strong commitment to environmental stewardship.

To understand more about why Loma Negra is successful and what sets it apart in the industry, detailed information can be found in the sections below.

Mission Statement of Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA)

Mission Statement of Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA)

The mission statement of Loma Negra Compañía Industrial Argentina Sociedad Anónima is central to its corporate ethos. It serves as a blueprint for the company's strategic direction and operational objectives, ensuring that all employees and stakeholders are aligned with the overall purpose of the company. Loma Negra's commitment to quality, sustainability, and community development reflects this mission.

Quality Products

Loma Negra is dedicated to producing high-quality cement and concrete products that meet both domestic and international standards. This commitment is reflected in their investment strategies and production methodologies.

• Production Capacity: Loma Negra operates with a production capacity of approximately 5 million tons of cement per year.
• Market Share: The company holds approximately 40% of the cement market share in Argentina as of 2023.
• Quality Certifications: Loma Negra's products meet ISO 9001 standards, underscoring their commitment to quality management.

Sustainability

Sustainability is a core tenet of Loma Negra’s mission, guiding its operational practices and corporate policies.

• Investment in Renewable Energy: In 2023, Loma Negra invested $7.5 million in renewable energy projects, aiming to reduce carbon emissions by 20% by 2025.
• Waste Reduction Programs: The company's initiatives have successfully diverted over 50,000 tons of waste from landfills in the last year.
• Water Management: Loma Negra uses 30% recycled water in its production processes, conserving significant freshwater resources.

Community Development

Community engagement and development are intrinsic to Loma Negra's mission, fostering strong relationships with local stakeholders.

• Local Employment: The company employs approximately 2,800 people across its operations, supporting local economies.
• Corporate Social Responsibility (CSR) Initiatives: In 2022, Loma Negra contributed $2 million to community development projects in education and infrastructure.
• Partnerships with NGOs: Loma Negra collaborates with over 10 NGOs to enhance community welfare programs, including health and education.

Vision Statement of Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA)

Vision Statement Overview

The vision statement of Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) serves as a guiding principle for the company’s operational strategies and long-term objectives. As of 2024, LOMA envisions being a leading sustainable construction materials company in Latin America, prioritizing environmentally friendly practices.

Sustainability Initiatives

LOMA's vision emphasizes commitment to sustainable development. The company aims to reduce its carbon footprint by 25% by 2025. In 2022, LOMA reported a total CO2 emissions of approximately 1.5 million tons. As of 2024, the target is set to achieve 1.125 million tons of CO2 emissions.

Market Leadership

The company aims to hold a 20% market share in the Argentine cement market by 2026. In 2021, LOMA's share was reported at 17%, reflecting an increase due to strategic acquisitions and expansion into new markets.

Innovation and Technology

LOMA envisions leveraging cutting-edge technology to enhance product offerings and operational efficiency. The R&D budget is projected to be 5% of total revenue, translating to an estimated $10 million investment in innovative technologies and sustainable practices in 2024. This focus addresses the growing demand for eco-friendly construction materials.

Community Engagement

LOMA aims to boost community engagement through active participation in local development projects. The planned investment in community initiatives for 2024 is around $1.5 million, supporting education, health, and infrastructure projects within local communities.

Financial Performance

In the fiscal year 2023, LOMA reported revenues of approximately $800 million, with projections for 2024 estimating an increase to $850 million. This growth is driven by enhanced operational efficiency and expanded product lines.

Core Values of Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA)

Integrity

Integrity is the cornerstone of Loma Negra's corporate culture. It reflects the company's commitment to ethical practices, transparency, and accountability in all its operations.

Loma Negra has implemented various initiatives to promote integrity, such as the establishment of an ethical conduct code, which guides employee behavior and decision-making. The company conducts regular training sessions to ensure employees understand ethical practices and the importance of integrity.

In 2023, Loma Negra reported a 100% compliance rate in its internal audits related to ethical standards and practices.

Safety

Safety is a fundamental value at Loma Negra, emphasizing the well-being of employees, contractors, and the communities in which it operates. The company prioritizes creating a work environment free from hazards.

Through the implementation of the 'Zero Accident' program, Loma Negra achieved a 45% reduction in workplace accidents from 2022 to 2023. This program includes risk assessments, safety training, and the promotion of a safety-first culture.

Innovation

Innovation is vital for Loma Negra's growth and competitiveness in the cement industry. The company continuously seeks to improve processes, products, and services.

In 2023, Loma Negra invested ARS 1.5 billion in research and development, focusing on sustainable cement production technologies, which are projected to reduce CO2 emissions by 20% by 2025.

• Implementation of alternative fuels in production
• Development of eco-friendly cement products
• Collaboration with local universities for technology advancements

Sustainability

Sustainability is a key value that drives Loma Negra's operations, aiming to minimize environmental impact while supporting community development.

In 2023, Loma Negra reduced its water consumption by 30% and increased its use of recycled materials in production by 25%. The company is committed to achieving a 50% reduction in carbon footprint by 2030.

Collaboration

Collaboration fosters teamwork and partnerships, both internally among employees and externally with stakeholders. Loma Negra believes that collective efforts lead to greater success.

The company engages with local communities, NGOs, and suppliers to ensure mutual benefit and shared goals. In 2023, Loma Negra collaborated with 30 local organizations to improve infrastructure and education in affected areas.

• Community development programs
• Partnerships for sustainable projects
• Stakeholder engagement initiatives

Customer Focus

Customer Focus drives Loma Negra to continuously enhance its service offerings and product quality to meet client needs effectively.

Loma Negra launched a customer feedback program in 2023, achieving a 95% satisfaction rate among clients. The company also streamlined its delivery processes, increasing on-time delivery rates to 98%.