Cement News tagged under: Colombia
Satarem supplies drying system to Cementos Tequendama16 June 2017, Published under Cement NewsSatarem has a supplied a complete drying system to Colombian cement producer Cementos Tequendama. The system consists of a three-sleeve dryer (φ3.6 × 8m) with a capacity of 50tph and the ability to reduce the moisture of pozzolan from 15 to one per cent. The new system is composed of three concentric cylinders which makes it shorter than traditional dryers, thus facilitating transportation and installation, Satarem said in a statement. The supply package also includes a fluidised bed co... |
Colombian market contracts 15%30 May 2017, Published under Cement NewsIn April 2017 cement consumption in Colombia fell 14.9 per cent to 0.9Mt from 1.058Mt in April 2017, according to Colombia’s statistics office, Dane. Sales across all distribution channels slipped with construction companies and contractors requiring 19.1 per cent less, ready-mix companies 16.6 per cent lower volumes and a 12 per cent reduction at retail level. In terms of departments, the key regions of Bogotá noted a 15 per cent reduction in demand, Antioquia -9.8 per cent and Santa... |
Cementos Argos 1Q revenues impacted by Colombia12 May 2017, Published under Cement NewsCementos Argos posted a 6.1 per cent decline in consolidated revenues for the first three months of the year, citing a challenging first quarter affected mainly by Colombia. Over 70 per cent of revenues and EBITDA came from operations outside of Colombia. The US continues to be its main market in terms of revenues, cement and ready-mix volumes. For the first time, the Caribbean and Central America group region was the leading contributor to EBITDA accounting for 43 per cent. Cement vo... |
Cementos Molins to raise capacity by 4.4Mta09 May 2017, Published under Cement NewsIn the next three years Cementos Molins plans to invest EUR350m to increase its capacity by 4.4Mta. The company currently has projects in Argentina, Colombia and Bangladesh. In Argentina the company will invest EUR100m in its joint venture with Votorantim, Cementos Avellaneda. The sum represents about half the investment required to add 0.2Mta at the Olavarría unit this year and expand capacity at the San Luis works to 0.9Mta by 2019. Meanwhile, in Colombia Cementos Molins and its pa... |
Cementos Argos26 April 2017, Published under Cement NewsFebruary 2017 saw cement consumption in Colombia contract by 3.5 per cent, according to DANE, the country’s statistics office. Just over 1Mt was consumed in the second month of the year, compared to 1,045,900t in the same month in 2016. Cement production over the period also fell, declining 2.6 per cent from 1,076,500t in February 2016 to 1,048,100t in February 2017. Geographically, the largest decreases in sales in the 2M17 were recorded in Casanare (-36.6 per cent), Boyacá (-18 per cent) a... |
Cemex requests new authorisation to increase capacity in Colombia03 April 2017, Published under Cement NewsCemex Latam Holdings has announced it will present a new application for an environmental permit which would enable the Mexico-based cement producer to increase capacity at its Maceo plant in Antioquia, Colombia. The plant, which represents an investment of US$340m, is authorised to produce 0.25Mta at present. Earlier the company had applied to raise plant capacity to 0.95Mta, but the request had been denied. The company said that it decided to postpone the start-up of the plant, whil... |
Colombian cement dispatches slip 3.6% in Feb1731 March 2017, Published under Cement NewsColombia's cement market in February 2017 contracted 3.6 per cent to 1.008Mt when compared with February 2016, according to DANE, the country's statistics office. Domestic cement plants produced 1.048Mt in the second month of the year, representing a 2.6 per cent decline YoY. In January-February 2017, cement sales reached 1.921Mt and were down 3.2 per cent when compared with January-February 2016. Cement production in the first two months of 2017 fell 4.2 per cent YoY to 1.959Mt. The l... |
Colombia's cement sales fall 2.8% in January28 February 2017, Published under Cement NewsJanuary cement sales in Colombia fell 2.8 per cent YoY to 913,190t, according to the country’s statistic office, DANE. The largest decreases were reported in Casanare and Boyacá, which saw sales decrease by 46.8 and 25.5 per cent, respectively. Antioquia reported an increase in sales of 9.1 per cent when compared with January 2015. Cement production in January 2017 reached 910,350t, down six per cent YoY. The share of bagged cement slipped by 2.8 per cent YoY. |
Cementos Argos' 4Q16 results boosted by US operations27 February 2017, Published under Cement NewsCementos Argos has announced that its 4Q16 results saw an 8.7 per cent rise in EBITDA and 70 per cent of its revenues was generated from operations outside of its domestic market of Colombia. Group dispatched volumes of cement and ready-mix were down by 5.5 per cent and 6.5 per cent, respectively in the 4Q16. Consolidated EBITDA was COP396bn (US$137m), achieving an EBITDA margin of 19.7 per cent. Net income amounted to COP27bn. USA The group's US operations reported an EBITDA of... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |