Cement News tagged under: Colombia
Colombian cement sales fall 5.5% YoY in 201609 February 2017, Published under Cement NewsCement deliveries in Colombia decreased by 5.5 per cent YoY to 12.102Mt in 2016 from 12.807Mt in 2015, according to the latest figures published by DANE, the national statistics service. While sales in Atlántico and Antioquia rose by seven and 3.5 per cent, respectively, Cesar and Casanare reported a market contraction of 24.8 and 20.5 per cent, respectively. In Bogotá, cement dispatches fell 7.8 per cent YoY. Output in 2016 fell by 4.2 per cent from 13.047Mt in 2015 to 12.495Mt. Fi... |
Paving the road for Colombia23 January 2017, Published under Cement NewsWith an infrastructure master plan that will see COP54.8bn poured into Colombia’s road network alone, the future for the country’s cement industry is positive. Anticipating sustained market growth, existing and new players are expanding production capacity and in some cases, phasing out old, wet-process technology. By Bancolombia, Colombia. Colombia is embarking on a large-scale infrastructure master plan with a major focus on the transport network Back in May 2014, Bancolombia ... |
Colombia: OHL Industrial to build new Ecocementos plant18 January 2017, Published under Cement NewsSpanish construction firm OHL Industrial is to build a new 1.35Mta cement plant in Sonson, Colombia, at a cost of EUR224.6m (US$240m), Construction Index reports. The integrated plant has been commissioned by Ecocementos, a joint venture between Colombia’s Corona and Spain’s Cementos Molins. Equipment for the facility will be supplied by FLSmidth . |
Colombia's cement consumption down 4.6% YoY in November16 January 2017, Published under Cement NewsCement demand in Colombia fell by 4.6 per cent in November 2016 to 1.019Mt when compared with November 2015, according to DANE, the country's statistics office. Output decreased by 3.5 per cent to 1.009Mt when compared with November 2015, when production reached 1.045Mt. In Nariño deliveries advanced by 21.1 per cent and in Antioquia by 7.7 per cent. On the other hand, Cesar noted a 29.1 per cent drop, with Santander and Cundinamarca reporting demand down by 18.4 and 15.5 per cent, respe... |
Colombia: FLSmidth secures EcoCementos order11 January 2017, Published under Cement NewsEcoCementos has selected FLSmidth as the equipment supplier for its new plant in Rio Claro, Sonson, Antioquia, Colombia. FLSmidth has been contracted for the engineering, procurement and supply of equipment to the 3150tpd production line. The order includes equipment ranging from from crushing to packing, as well as equipment from FLSmidth product companies. Planetary gear units will be supplied by FLSmidth MAAG Gear, fabric filters from FLSmidth Airtech, a packing plant from FLSmidth V... |
Fitch: Latin America 2017 outlook stable13 December 2016, Published under Cement NewsAccording to a new Fitch Ratings report, the 2017 Latin American cement outlook for both ratings and the sector is stable. Associate Director at Fitch Ratings, Gilberto Gonzalez: “Issuers have built significant operations in the US, which should benefit from increased public and private spending… Housing starts should increase seven per cent to 1.26m, which should provide an additional boost.” For Argentina cement consumption is forecast grow in the mid-single digits, recovering some o... |
Colombia's cement market contracts 14.4% YoY in Oct29 November 2016, Published under Cement NewsCement consumption in Colombia fell 14.4 per cent to 0.994Mt in October 2016 from 1.162Mt in October 2015, according to the latest figures by the country’s statistics office, DANE. Domestic cement production in October reached 1.076Mt, down 11 per cent YoY. In the first 10 months of 2016, domestic dispatches saw a 5.2 per cent drop to 10.077Mt when compared with 10.632Mt reported in October 2015. Cement production reached 10.388Mt, down four per cent YoY. |
Colombia's road ahead25 November 2016, Published under Cement NewsIn a week that has seen LafargeHolcim announcing the start of construction of a new 0.5Mta cement plant in Buga and Cementos Argos reporting a significant fall in profits for 3Q16 ICR looks at the road ahead for the Latin American country. Some six months ago Colombia’s cement industry appeared to have nothing but a sparkling future and recent news that LafargeHolcim is investing in a new US$30m production in Valle del Cauca seemed to support this view. However, recent months have seen ... |
Cementos Argos hit by Colombia’s infrastructure slowdown23 November 2016, Published under Cement NewsIn a trading update for the third quarter of 2016, Cementos Argos announced that its profits were down by 22.7 per cent YoY, with cement volumes falling by 7.4 per cent to 3.557Mt. Figures for the nine months to the end of September 2016 were more positive, with the company’s net income rising by 18.7 per cent YoY to COP393bn (US$125m). The third-quarter figures were negatively impacted by a slowdown in the company’s home market. Cement dispatches in Colombia fell by 22.1 per cent in 3... |
LafargeHolcim invests in new Colombia plant23 November 2016, Published under Cement NewsHolcim Colombia has announced it will begin the construction of a new cement plant in Buga, Valle del Cauca, Colombia. The new plant will have a capacity of 0.5Mta and represents an investment of US$30m. It is expected to employ 200 people during its construction phase with a further 180 direct and indirect jobs in transport logistics between Buenaventura and Buga. “I would like to emphasise that following the merger of LafargeHolcim [the plant] is the first investment the company... |