Cement News tagged under: Colombia
Colombian cement market stable in January03 March 2021, Published under Cement NewsCement consumption in Colombia slipped 0.3 per cent from 994,700t in January 2020 to 992,200t in January 2021, according to the country’s statistics office, DANE. Output from the domestic cement industry decreased by one per cent to 1.034Mt in January 2021 from 1.045Mt in January 2020. Sales to ready-mix concrete companies declined 10 per cent in January 2021, but off-take by construction companies and contractors rose by 5.3 per cent while the retail sector saw 1.7 per cent more sales than... |
Cementos Argos' 4Q20 regional results26 February 2021, Published under Cement NewsFollowing yesterday’s financial results , Colombia’s Cementos Argos has also reported its regional breakdown for the final quarter and full year of 2020. USA region The company’s USA region saw a three per cent decline in cement volumes to 1.489Mt in the final quarter of 2020, compared with 1.535Mt in the 4Q19. The construction sector maintained a positive trend, supported by the strong performance of the residential segment and by a slight improvement in the infrastructure sector, accor... |
Cementos Argos reports 16% rise in EBITDA25 February 2021, Published under Cement NewsColombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of 2020, dispatching 3.96Mt. The rise was attributed in part to greater export activity from Cartagena ... |
Cemex Maceo plant has environmental licence modified17 February 2021, Published under Cement NewsThe Regional Autonomous Corporation of Antioquia has notified Cemex Colombia that the modification of the environmental licence of the Maceo plant in Antioquia has been approved. This will allow the extraction of 990,000t of materials (clay and limestone) and the production of up to 1.5Mta of cement. This authorisation will enable the possibility of starting operations, the construction of the access road to the plant, the completion of pending actions of the project and the commissioning o... |
Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%12 February 2021, Published under Cement NewsCemex Latam Holdings SA reported that the company's consolidated net sales and EBITDA in the 4Q20 fell by three and one per cent, respectively, compared to the 4Q19. Jesús González, CEO of Cemex Latam Holdings, commented: "I am proud of how the organisation responded to the challenge of the sudden arrival of COVID-19 in our footprint. We reacted quickly and forcefully to a highly uncertain situation, prioritising the safety of our employees and customers while ensuring business con... |
Colombian cement market contracts 2% in December03 February 2021, Published under Cement NewsGrey cement dispatches in Colombia fell 2.3 per cent from 1.079Mt in December 2019 to 1.054Mt in December 2020, according to the country’s statistics agency, DANE. Cement production slipped 1.2 per cent from 1.191Mt in December 2019 from 1.176Mt in December 2020. Full-year 2020 In 2020 grey cement dispatches declined 10.2 per cent to 11.234Mt from 12.515Mt in 2019. Output from Colombia’s cement plants decreased 8.9 per cent to 11.849Mt in 2020 from 13.013Mt in 2019. Ready-mix concrete ... |
Colombian cement consumption up 4% in November06 January 2021, Published under Cement NewsThe Colombian cement market expanded 3.6 per cent to 1.122Mt in November 2020 when compared with 1.083Mt in November 2019, according to the country’s statistics office, DANE. Retail sales were up 7.1 per cent YoY while construction companies and contractors increased their offtake by 9.4 per cent. However, sales to readymix companies declined by 12.6 per cent YoY. Grey cement production increased 9.1 per cent YoY to 1.214Mt in November 2020. January-November 2020 In the January-Novembe... |
Peru cement prices among lowest in Latin America05 January 2021, Published under Cement NewsCapeco, the Peruvian construction chamber, reported that the average retail price for grey cement in Peru is around US$6.22 per 42.5kg bag – one of the lowest in Latin America. The highest price is paid in Argentina, where a bag of cement costs on average US$12.34, followed by Nicaragua, Uruguay, Guatemala and Paraguay, where a bag of cement costs around US$10. In Brazil, prices are the lowest at US$5.03/bag, according Capeco. In Chile a bag of cement retails at US$7.65 while in Colombia a... |
Cemex España increases ownership in Cemex Latam Holdings17 December 2020, Published under Cement NewsCemex España SA is increasing its shareholdings in Cemex Latam Holdings SA (CLH), which is listed on the Colombian stock exchange, from 73.16 per cent to 92.6 per cent of CLH's paid and outstanding shares. This completes the tender offer made by Cemex España for all outstanding ordinary shares in CLH directed to all shareholders at a purchase price of COP3250 (US$0.95) per ordinary share. 108,337,613 ordinary shares were validated in the tender offer for an aggregate amount of COP352bn ... |
Mondi set to open Colombian plant in January03 December 2020, Published under Cement NewsMondi is expected to open a new paper bag plant in Cartagena, Colombia, in January 2021. It will be the company’s first in South America. South America is home to more than 250 cement plants, requiring 2bn cement bags per year, according to a press release. "Our global network already includes 39 plants across 22 countries. We are excited to be expanding our footprint to Colombia, helping us to provide innovative, sustainable and customer-focused paper packaging solutions to customers in... |