Cement News tagged under: Colombia
Cemex Latin American Holdings depressed by Colombia12 February 2018, Published under Cement NewsCemex Latin American Holdings saw turnover decline by 5.5 per cent to US$1315.3m and EBITDA fell by 26.7 per cent to US$310.8m, with the margin coming down from 32.2 to 25 per cent. The trading profit deteriorated by 51.5 per cent to US$151.5m and after a further 0.6 per cent increase in financial expenses to US$63.3m and other items, the pretax profit dropped by 66.2 per cent to US$83.7m. After tax and minorities, the net attributable profit was 67 per cent lower at US$46.1m. The net debt w... |
Cemex speeds up Maceo opening08 February 2018, Published under Cement NewsCemex Latam Holding has confirmed that it is solving the legal issues that prevent the opening of its new plant in Maceo, Antioquía, Colombia. The inauguration of the works was postponed in May 2017 after authorities found the plant did not have all required permits to start operation. Jaime Muguiro, the company’s president, said the company was still awaiting authorisation for the capacity expansion. At present, capacity is limited to 0.25Mta, but Mr Muguiro indicated that the facili... |
Colombia cement consumption slips 1% YoY in 201702 February 2018, Published under Cement NewsIn full-year 2017 the Colombian cement market contracted by 1 per cent to 11.983Mt. The trend has been attributed to a 4.9 per cent fall in offtake from concrete companies. Dispatches of grey cement in Colombia decreased by 5.8 per cent to 948,300t in December 2017 when compared with the previous year, according to DANE, the country’s statistics office. Grey cement production in December 2017 fell 7.1 per cent YoY to 1.020Mt. In terms of departments, Casanare was most affected by the ... |
Cemex Colombia to pay SIC fine, object via litigation08 January 2018, Published under Cement NewsCemex Colombia announced that it proceeds to pay the value of the fine imposed by the country's Superintendency of Industry and Commerce (SIC) in September 2013, amounting to the sum of US$25.3m. The investigation is in line with Resolution 81391 of 11 December 2017 which saw the SIC fine Cemex Colombia, along with Cementos Argos and Holcim Colombia) and to six individuals for price fixing of grey cement in the national market. The company decided not to file an appeal for reversal ag... |
New challenges for Colombia's market leader05 January 2018, Published under Cement NewsThis week the Colombian cement market has reported cement dispatches up by just 0.3 per cent YoY for November 2017. The latest ICR data suggests that while annual cement consumption in Colombia for 2017 was still down approximately -0.5 per cent, monthly returns have improved in recent months. In spite of this lacklustre growth, Cementos Argos managed increased volumes of 6.9 per cent in 2H17 in the domestic market, in part helped by the fall in national cement imports, which declin... |
Colombia cement dispatches stable in November02 January 2018, Published under Cement NewsCement dispatches in Colombia edged up 0.3 per cent YoY to 1.021Mt in November 2017, according to the national statistics office, DANE. The rise in dispatches is attributed mainly to the robust performance in the prefabricated and concrete producer segments. A total of 69.1 per cent of dispatches was carried out as bagged cement, witch the retail segment accounting for 76.6 per cent of bagged dispatches. Bulk cement was delivered mainly to concrete producers, which accounted for 68.9 per ... |
Cementos Argos, Cemex and Holcim fined COP200bn13 December 2017, Published under Cement NewsColombia has fined Cementos Argos, Cemex and Holcim over COP200bn (US$66m) for fixing prices, according to Reuters. The fine has been applied to the companies and some of its managers. In total, the companies represent 96 per cent of Colombia’s cement market and allegedly agreed to set prices between January 2010 and December 2012. Cement prices in this period increased 29.9 per cent whilst inflation was just 9.3 per cent. Holcim released a statement protesting the fine applied by the ... |
Cementos Argos sets up waste recycling company11 December 2017, Published under Cement NewsColombian cement producer Cementos Argos announced the creation of Granulados Reciclados de Colombia, a company that will recycle construction waste into aggregates, bases and subbases. The new firm will operate from Argos' Cota plant in Cundinamarca and will process up to 200tph of waste into wood, metal, plastic and stone as well as up to 1Mta of construction waste. |
Colombia sees 3.6% market expansion06 December 2017, Published under Cement NewsCement consumption in Colombia increased 3.6 per cent from 993,700t in October 2016 to 1,029,400t in October 2017, according the country’s statistics office, DANE. The rise has been attributed to increased retail sales (+5.4 per cent) and off-take by construction companies and contractors (+5.6 per cent). Sales to concrete companies slipped by 4.1 per cent. In terms of departmental sales, Antioquia saw its demand rise 14.6 per cent YoY, but sales in the Bogotá area fell by 4.4 per cen... |
Colombia market expands 1% YoY in Sep 201714 November 2017, Published under Cement NewsDomestic grey cement deliveries by Colombian cement producers in September 2017 reached 1.023Mt, up 0.8 per cent YoY and an improvement when compared the 11.2 per cent fall to 1.015Mt reported in September 2016, according to Colombia’s statistics office, DANE. Cement production in Colombia reached 1,025,600t in September 2017. This represents a 0.2 per cent rise YoY from 1,023,600t in September 2016. In terms of geographical distribution of deliveries, Nariño saw the largest increase ... |