Cement News tagged under: Colombia
Cemex receives approval for Maceo operations up to 204016 April 2019, Published under Cement NewsCemex has received approval from the Attorney General’s Office in Colombia to carry out mining operations at its plant in Maceo, Antioquia. The contract will last until 2040 with the option to extend it until 2050 if the company extends the duration of the mining concession. Cemex Colombia and its subsidiary Central de Mezclas will pay a lease fee of COP49m (US$16,159) to CL Calizas and Zona Franca Especial Cementera del Magdalena Medio (Zomam). This includes retroactive payments for lease... |
Cementos Argos01 April 2019, Published under Cement NewsIn 2018 Cementos Argos shipped 16Mt of cement and 10.3Mm 3 of concrete. This generated net income of COP291bn (US$93m) and EBITDA of COP1.54trn. The company ended the year with a net-to-debt EBITDA index of 3.7 times, compared to an index of 4.6 at the end of 2017. According to the company, a bond issue totalling COP500bn with an average life of 9.5 years, plus a new syndicated loan totalling US$600m “significantly improved the debt profile”. In the US 5.7Mt of cement and 7Mm 3 of conc... |
Colombian cement demand up 2% in February01 April 2019, Published under Cement NewsColombia's cement market expanded by 2.1 per cent YoY in February 2019 as cement producers supplied 0.981Mt of cement, according to DANE, the country's statistics office. Cement production increased 3.1 per cent to 0.985Mt in February 2019. January-February 2019 In the first two months of 2019 domestic dispatches advanced 1.6 per cent YoY to 1.899Mt while output was up 2.7 per cent to 1.913Mt when compared with the previous year's equivalent period. The rise in domestic sales was driven... |
Grupo Argos to invest COP2.6trn in subsidiaries in 201929 March 2019, Published under Cement NewsColombia’s Grupo Argos, parent company of Cementos Argos, has stated that it plans to invest around COP2.6trn (US$816m) in its cement, energy and construction subsidiaries this year. Cementos Argos, Celsia and Odinsa will be the focus of the spending, made possible by the increase in net profits for the group in 2018. "In the coming years we'll continue to be a relevant player in the infrastructure of the country and the continent," said Grupo Argos CEO, Jorge Mario Velasquez. |
Cementos Argos dispatched 16Mt of cement in 201825 March 2019, Published under Cement NewsCementos Argos has released its financial figures and strategic milestones of 2018 during the shareholders' annual meeting. Cementos Argos reported a consolidated EBITDA of COP1.54bn (US$491.7m) and a growth of eight per cent. The company dispatched 16Mt of cement and 10.3Mm 3 of concrete generating income of COP8.4bn. Net income was COP178.563m in 2018. Regional summaries US cement dispatches in 2018 amounted to 5.7Mt, while concrete dispatches reached 7Mm 3 . This raised US$1.5bn inco... |
Colombian market sees modest dispatch growth in January04 March 2019, Published under Cement NewsNational dispatches in Colombia edged up by one per cent to 918,300t in January 2019 from 909,400t in January 2018, according to the country’s national statistics office, DANE. Ready-mix companies and the retail sector increased their off-take by 3.5 and 1.2 per cent, respectively. Bulk sales slipped 0.4 per cent YoY while bagged cement sales advanced 1.6 per cent. In terms of geographical distribution, the departments of Bolívar and Córdoba reported the largest increases with deliveries... |
Cementos Argos' revenues slip in 201821 February 2019, Published under Cement NewsCementos Argos has posted its full-year 2018 results and reported that cement and ready-mix volumes fell in 4Q18 by three and seven per cent, respectively. The company pointed to unfavourable weather conditions in the USA and higher electricity and fuel costs in Colombia that were only partially offset by stronger sales in the Caribbean. Full-year 2018 results Cement volumes in 2018 slipped to 16.02Mt from 16.19Mt in 2017, down -1.1 per cent. Ready-mix volumes for the full year 2018 v... |
Colombian grey cement market stable in 201831 January 2019, Published under Cement NewsDispatches in the Colombian cement market advanced 2.6 per cent to 0.973Mt in December 2018 from 0.949Mt in December 2017, according to the country’s national statistics office, DANE. Deliveries to ready-mix concretes advanced by 5.8 per cent while construction companies took delivery of an additional two per cent of grey cement when compared with December 2017. Sales in the retail sector increased by 2.2 per cent YoY. Output from Colombian cement plants rose 6.8 per cent to 1.089Mt in D... |
Cemex changes management structure16 January 2019, Published under Cement NewsCemex has announced a series of changes to its management structure which will come into force on 1 February 2019. Juan Romero Torres, current president of Cemex Mexico, has been appointed executive vice president of Global Commercial Development. This new role aims to capitalise on the progress that the company has achieved in its Customer Centricity strategy and provide it with a formal structure, according to a press release. As a result, Ricardo Naya Barba, current president of Cemex Col... |
Colombian cement market expands 4% in November04 January 2019, Published under Cement NewsDomestic dispatches of grey cement in Colombia advanced 4.3 per cent YoY to 1.065Mt in November 2017 from 1.021Mt, according to the latest data from DANE, the country’s statistics office. Increased volumes of cement were sold to the retail sector (+4.4 per cent) and ready-mix companies (+10.1 per cent). Dispatches in the key markets of Antioquia and Bogotá advanced by 5.1 and 3.8 per cent, respectively, when compared with November 2017. Meta reported a 19.1 per cent rise in deliveries whil... |