Cement News tagged under: Cementos Argos
Cementos Argos 2Q16 US results remain strong17 August 2016, Published under Cement NewsFor the second quarter Cementos Argos' cement volumes decreased by 1.9 per cent, totalling 3.5Mt, as a result of a challenging market environment in Colombia. These results were compensated by the US regional division, where Cementos Argos grew 16.3 per cent. In the ready-mix segment the company sold 3Mm 3 , up 1.1 per cent from the previous year. Cementos Argos registered double-digit growth in revenues, EBITDA and net income, driven by the US, Caribbean and Central America operations an... |
Seizing opportunities08 August 2016, Published under Cement NewsCementos Argos has expanded rapidly over the last decade from a local Colombian company to a multinational cement, concrete and aggregates player, competing successfully in a global business environment. ICR speaks with Cementos Argos’ CEO, Juan Esteban Calle, about the company’s continued rise. Juan Esteban Calle, CEO of Cementos Argos By the end of 2015 Cementos Argos had transformed its operations to encompass nine integrated cement plants in Colombia, three in the US and one... |
Cementos Argos22 July 2016, Published under Cement NewsColombia’s cement producers, such as Cementos Argos, will be encouraged by the signing earlier this month of a bilateral freetrade agreement between Colombia and South Korea. The agreement is designed to serve as a gateway to the Asia-Pacific markets for Colombia and a bridge to Latin America for Korean businesses, according to the Korean International Trade Association. With Colombia’s growing population and an economy expanding at over four per cent each year, South Korea sees itself... |
Two new orders for KHD27 June 2016, Published under Cement NewsKHD has been awarded a contract by Cementos Argos for a works in Colombia. Cementos Argos ordered three Pyrojet Burners for coal and gas firing, to be installed at its plant in Yumbo, Cali. The burner’s will be tailored to Argos’ wet kilns. Manufacturing and assembly of the burners will take place in Germany and the USA. KHD also received an order from Shree Cement, India, following a contract with the company in December 2015 for the commissioning of a pyroprocessing line at Raipur. A se... |
Cementos Argos completes Panama Canal shipments27 June 2016, Published under Cement NewsCementos Argos completed the shipment of 1.1Mt of cement in May to the Panama Canal expansion project. Around 760,000t of Type II cement and 340,000t of pozzolan-based product were delivered. The Latin American cement major worked over a year in the development of a product that met the specific technical characteristics - durability, sulphate resistance and low hydration heat - required by the project. Special clinker was then produced at its Cartagena works in Colombia before further pr... |
US performance gives Cementos Argos strong 1Q1627 May 2016, Published under Cement NewsIn the 1Q16 Cementos Argos reported an income of COP2.2trn (US$720.1bn), up 334 per cent compared to the same period in 2015. EBITDA ascended to COP425bn, a 38 per cent increase, while the EBITDA margin increased 60 basic points to close at 19.2 per cent. In March the company paid two loans acquired in 2015 with Banco de Crédito del Perú, totalling COP100bn. With this transaction, Grupo Argos' debt was COP1.55trn. The US regional division had outstanding performance thanks to better ... |
Cementos Argos reports 1Q16 EBITDA up 38%13 May 2016, Published under Cement NewsCementos Argos reports that 1Q16 volumes across all regional divisions represent healthy dynamics in all the markets where the company is present, especially in the US, where cement dispatches increased 47 per cent. For the 1Q16, cement volume increased 6.4 per cent to 3.5Mt. Ready-mix sales reached 2.8Mm 3 , an increase of 10.5 per cent. “The obtained results augur us a good performance for the 2016 and confirm us that the geographic diversification, expansion and consolidation of our bu... |
Colombia: Cementos Argos will process 2.5m tyres at its Bogotá plant13 April 2016, Published under Cement NewsFollowing an agreement with the local government of Bogotá, Colombian cement manufacturer Cementos Argos will recycle 2.5m used car tyres to fuel its cement production. According to the president of Cementos Argos, Juan Esteban Calle, the company's Planta Rioclaro factory is capable of processing 20,000tpa of tyres, which amounts to 1.5m units. Calle also added that Cementos Argos is willing to handle 65 per cent of this type of waste management in Colombia, which not only provides en... |
Cementos Argos reports solid final quarter performance25 February 2016, Published under Cement NewsCementos Argos reported a solid performance in 4Q15, with double-digit growth in consolidated revenues and a significant increase in consolidated EBITDA. The growth resulted not only from increased volumes in most regional divisions but also from a recovery in the USA group area, structural improvements in efficiencies and a well implemented price strategy, the company said. Consolidated revenues in 4Q15 rose 54 per cent compared to the same period of last year to reach COP2.2trn. EBITDA i... |
FLSmidth announces new orders in the Americas11 January 2016, Published under Cement NewsFLSmidth has announced three new orders at cement plants in Canada, Colombia and Bolivia. Lehigh Hanson Materials Ltd Lehigh Hanson Materials Ltd, owned by HeidelbergCement, has awarded a contract to FLSmidth for an OK™ 30-4 cement vertical mill to meet the increasing demand for cement in Canada. The mill will be installed at Lehigh Hanson's existing Edmonton cement plant located 13km from downtown Edmonton, Alberta. Additional scope of supply includes a cement powder cooler, related... |