Cement News tagged under: Colombia
Grupo Argos 3Q profit surges 75%, driven by Cementos Argos recovery15 November 2024, Published under Cement NewsGrupo Argos, parent group of Colombian cement giant Cementos Argos , has announced a 75 per cent YoY increase in its net profit for the third quarter of 2024, reaching COP332bn (US$74.1m), compared to COP190bn in the same period of 2023. This marks a significant recovery from the previous quarter’s COP189bn net profit, underpinned by stronger cement demand. Total group revenues grew by eight per cent YoY to COP3.31trn (US$739.1m) in the 3Q24, with cement operations led by Cementos Argos ... |
Latin American and Caribbean cement sector targets net zero by 205017 September 2024, Published under Cement NewsThe Federacion Interamerica del Cemento (FICEM) has opened the doors to the annual 2024 Technical Congress, a three-day conference and exhibition, taking place in the historic city of Cartagena, Colombia. FICEM Executive Director, Maria José García, welcomed over 450 delegates to the 2024 FICEM Technical Congress Opening proceedings, FICEM Executive Director, Maria José García welcomed over 450 delegates to the meeting, which includes delegates from across Latin America and t... |
Colombia’s cement dispatches stable in July03 September 2024, Published under Cement NewsGrey cement dispatches in Colombia remained stable at 1.051Mt in July 2024, according to the country’s statistics agency, DANE. Bulk dispatches expanded by 1.9 per cent YoY, but sales of bagged cement were down 1.1 per cent when compared with the equivalent period of the previous year. Deliveries to ready-mix concrete suppliers saw a 3.4 per cent YoY drop in July 2024, but the off-take by construction companies and contractors was up 1.5 per cent YoY. Sales to the retail sector saw a 2.6 p... |
Colombia’s drive to decarbonise30 August 2024, Published under Cement NewsAs green shoots appear in the Colombian economy and the construction sector looks forward to new growth, particularly in the civil works sector, cement companies are hoping they have seen the back of the recent two-year market contraction. After charting a route towards the sector’s decarbonisation by 2050, the industry continues to invest in decarbonisation of its operations. by Muriel Bal, ICR Research, UK. Following a disappointing 2023, Colombia’s cement market is expected to se... |
Cemex to co-process Manuelita agro-industrial wastes30 August 2024, Published under Cement NewsRegenera, Cemex's business for waste valorisation, has entered an agreement with Colombia-based Manuelita to transform sugar industry waste into alternative raw materials in the production of building materials. Under the initiative, Manuelita will supply industrial vinasse, a by-product from sugar or ethanol production, to Regenera. According to Alejandro Ramirez, president of Cemex for Colombia and Peru, "This commercial relationship between Cemex, Regenera and Manuelita is of great rele... |
Grupo Argos reports weak results for 2Q2415 August 2024, Published under Cement NewsGrupo Argos, the Colombia-based conglomerate which owns Cementos Argos , has reported a 40 per cent drop in its 2Q24 income, falling to COP189bn (US$47m) from COP315bn in the 2Q23. In a recent presentation, Argos attributed this drop in income to a 90 per cent fall in proceeds from concessions and a nearly 25 per cent decline in income from its cement business. The group’s revenues for the period April-June fell 17 per cent to COP3.7trn. The group’s EBITDA decreased by 13 per c... |
Colombia’s cement market contracts 9% in June 202405 August 2024, Published under Cement NewsGrey cement dispatches in Colombia fell 8.7 per cent YoY to 943,500t in June 2024 from 1.033Mt in June 2023, according to the country’s statistics agency, DANE. Bulk deliveries fell by 9.2 per cent YoY while bagged cement deliveries were down by 8.4 per cent. There was an 11.8 per cent YoY decline in purchases by ready-mix cement companies while supplies to construction companies and contractors fell by 11.1 per cent YoY in June 2024. The off-take by the retail sector decreased by four per... |
Colombia’s cement shipments fall 11% in May04 July 2024, Published under Cement NewsCement dispatches in Colombia declined 10.9 per cent to 1.003Mt in May 2024 from 1.126Mt in May 2023, according to statistics agency DANE. Production was down 11.6 per cent YoY to 1.094Mt in May 2024 from 1.237Mt in the year-ago period. The market contraction was larger in the bagged cement segment, where sales were down 12 per cent. Bulk deliveries fell by 8.8 per cent YoY. In terms of market segments, the retail sector reported a 9.2 per cent YoY decrease while construction companies and... |
Holcim Colombia appoints new executive president11 June 2024, Published under Cement NewsMartín Costanian has been appointed as the new executive president of Holcim Colombia SA . Mr Costanian will succeed Marco Maccarelli, who will take up new challenges within Holcim. Holcim Colombia’s new executive president has a degree in science and business administration from the Universidad Católica del Uruguay and has a Master of Business Administration from the Carlson School of Management of the University of Minnesota. He joined Holcim México SA de CV in 2019 as chief financi... |
Colombian cement market expands 9% in April04 June 2024, Published under Cement NewsCement dispatches in Colombia increased by 8.7 per cent YoY to 1.073Mt in April 2024 from 0.988Mt, according to the country’s statistics office, DANE. Bagged cement sales saw a 10.5 per cent YoY uptick, reflecting a 13.8 per cent expansion of the retail segment. Bulk sales were up 5.1 per cent YoY as concrete companies increased their off-take by 6.1 per cent, and sales to construction companies and contractors edged up by two per cent. On the supply side, production by Colombian cement ... |