Cement News tagged under: Colombia
Colombia's cement market contracts 10% in March01 May 2018, Published under Cement NewsCement deliveries in the Colombian cement market fell 9.9 per cent YoY to 976,300t in March, according to the country’s national statistics office, DANE. Around 68 per cent, or 668,700t of this total was supplied as bagged cement with a further 307,600t as bulk product. Deliveries to the country’s largest market, Bogotá, declined by 9.9 per cent while the key markets of Antioquia and Cundinamarca also reported significant decreases of 10.4 and 17 per cent, respectively. Further drops were... |
Cemex Latin American Holdings hurt by lower volumes in Colombia and Panama27 April 2018, Published under Cement NewsCemex Latin American Holdings' turnover declined by 8.4 per cent in first quarter of the year to US$301.1m, while EBITDA came off by 28.8 per cent to US$65.9m. At the trading level there was a 36 2. per cent profit reduction to US$44.1m. After an 11.4 per cent decline in the interest charge to US$14.8m and other items, the pretax profit showed a 15.9 per cent reduction to US$48.2m and the net attributable profit emerged 15.3 per cent lower at US$30m. Net debt at the end of March was 3.4 ... |
Colombia: SIC confirms cartelisation sanctions24 April 2018, Published under Cement NewsThe Colombian Superintendent of Industry and Commerce (SIC) has ratified sanctions imposed in December on Argos, Holcim Colombia and Cemex Colombia, for price cartelisation between 2010-12. The three cement producers have been fined a combined COP201,616m (US$71.7m). Cementos Argos will have to pay a fine of COP73,771m, the same sum already paid by Cemex at the start of this year. Holcim’s fine amounts to COP54,074m. Following an indication that they will pay the fine in the next few d... |
Colombian cement deliveries fall 5% in February29 March 2018, Published under Cement NewsColombia’s grey cement sales contracted 4.8 per cent YoY to 959,500t in February 2018, according to DANE, the national statistics office. Dispatches to Norte de Santander registered the largest growth at 43.9 per cent YoY, followed by Valle del Cauca, where deliveries expanded by 6.3 per cent. The Bogotá market contracted 14.8 per cent YoY while dispatches to Cundinamarca and Santander were also significantly reduced by 12.2 and 16.6 per cent, respectively. Cement production in Februar... |
US Department of Justice to investigate Cemex over Maceo plant payments15 March 2018, Published under Cement NewsThe US Department of Justice is investigating Mexico's Cemex SA over payments concerning the construction of the Maceo cement plant in Colombia. Cemex is being investigated over whether it violated federal bribery laws. Cemex said in a filing Monday that it had received a federal grand jury subpoena related to the Colombian project, located in the municipality of Maceo. According to a September 2016 filing, Cemex paid roughly US$20m to a non-governmental employee of CI Calizas y Minera... |
Colombia's cement sales slip in January02 March 2018, Published under Cement NewsColombia's cement market contracted by 0.5 per cent YoY in January 2018 to 0.908Mt, according to DANE, the country’s statistics office. The drop is attributed to a 3.4 per cent lower offtake by construction companies and contractors as well as a 2.6 per cent fall in sales to ready-mix concrete companies. The prefabricated segment increased its requirement by 41.8 per cent. In terms of geographical distribution, the Greater Bogotá area saw its sales fall by 8.5 per cent and Córdoba by 3... |
Cementos Molins reports 40% YoY rise in net profit in 201702 March 2018, Published under Cement NewsCementos Molins posted a net profit of EUR89.1m (US$109.4m) in 2017, which represents a YoY advance of 39.5 per cent. Consolidated turnover for the year increased 15 per cent YoY to EUR645.6m. The company’s revenues were supported by its international subsidiaries which expanded by 16 per cent, particularly its Argentine subsidiary, which saw its sales rise by 23 per cent. Subsidiaries in Spain increased their turnover by 13.5 per cent, particularly in the concrete and aggregate segment. ... |
Cementos Argos22 February 2018, Published under Cement NewsCementos Argos has reported consolidated cement volumes of 4.04Mt in 4Q17, up 17.6 per cent compared to the same period last year. This takes the full-year volume to 16.275Mt, an increase of 16.5 per cent YoY. According to the company, the increase in volumes is due to “positive dynamics” in the US and Central America and the Caribbean regions. Revenue in 4Q17 came in at COP2107bn (US$729m), an advance of 5.1 per cent versus 4Q16, with full-year revenue of COP8533bn, a YoY improvement of ... |
Cemex conducting pilot tests for Magdalena river transport14 February 2018, Published under Cement NewsTo improve its operational efficiency, Cemex has started running pilot tests to transport cement via the Magdalena River in Colombia. Cement is transported from central Colombia to the Caribbean region during these trials. On the first trip, some 950t were transported from the main plant at Caracolito to Sociedad Portuaria de Barranquilla. The river journey took six days with the entire trip from Ibague via Barrancabermeja to Barranquilla taking 17 days. For Juan Carlos Muñoz, vice pre... |
Cementos Argos sees revenues rise, but Colombia challenges income13 February 2018, Published under Cement NewsArgos reported an improvement in its revenues for 4Q17 with stable sales for the full-year 2017. While EBITDA results fell both for 4Q17 and 2017, adjustment for non-recurring severance payments and anticipated pensions took out some of the sting as adjusted EBITDA margins for 4Q17 and 2017 reached 17.8 and 17.3 per cent, respectively. However, positive dynamics in the USA and the Caribbean and Central America regions could not fully offset a more challenging home market in Colombia and the ... |