Cement News tagged under: Colombia
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... |
Colombian cement market expands 5% in October01 December 2020, Published under Cement NewsCement dispatches in Colombia increased 5.2 per cent YoY to 1.169Mt in October 2020 when compared with 1.111Mt delivered in October 2019, according to the national statistics agency, DANE. The rise was supported by an increase in the retail segment, where dispatches were up by 10.6 per cent YoY. Building companies and contractors increased their offtake by 4.2 per cent when compared with October 2019. However, deliveries to the ready-mix concrete segment dropped nine per cent YoY. The ... |
LafargeHolcim enhances green solutions in Latin America25 November 2020, Published under Cement NewsLafargeHolcim is launching its ECOPact green concrete in Latin America, starting in Ecuador, Colombia and Mexico, with all key markets due to follow in the first half of 2021. The roll-out of ECOPact, which enables carbon-neutral construction, builds on its successful market adoption across Europe, the US and Canada, according to the company. Accelerating its green building solutions in Latin America, the company also plans to introduce an EcoLabel to transparently communicate the environm... |
Cementos Argos recognised as a world reference in sustainability16 November 2020, Published under Cement NewsFor the eighth consecutive year, Cementos Argos, was recognised by the Dow Jones Sustainability Index (DJSI) as one of the world's leading companies in the construction materials sector for its good practices in economic, environmental and social matters. "At Cementos Argos we are very excited and satisfied with this result which today makes us a world reference and demonstrates the commitment of all our employees to closing gaps and implementing good practices in social, environmenta... |
Cementos Argos' EBITDA grows 10% in 3Q2013 November 2020, Published under Cement NewsArgos (Grupo Argos) delivered satisfactory results during the third quarter, amid the COVID-19 pandemic. The company reported an improvement in EBITDA despite the impact on volumes mainly caused by hurricanes and heavy rains in the USA. During the period, consolidated shipments of cement and concrete registered a decrease of 8.4 per cent and 19.5 per cent, respectively, and of 12.7 per cent and 16.5 per cent compared to 3Q19. This decline was offset thanks to the successful execution of ... |