Cement News tagged under: Colombia
Cementos Argos22 July 2016, Published under Cement NewsColombia’s cement producers, such as Cementos Argos, will be encouraged by the signing earlier this month of a bilateral freetrade agreement between Colombia and South Korea. The agreement is designed to serve as a gateway to the Asia-Pacific markets for Colombia and a bridge to Latin America for Korean businesses, according to the Korean International Trade Association. With Colombia’s growing population and an economy expanding at over four per cent each year, South Korea sees itself... |
Cementos Argos29 June 2016, Published under Cement NewsA boom in infrastructure projects in Colombia is driving a flurry of activity among its cement producers to increase capacity and upgrade existing facilities. Among these is Cementos Argos, which is currently constructing a new 1.4Mta plant in Sogamoso, Boyaca. The company has also awarded a contract to KHD Humboldt Wedag for three Pyrojet burners for coal and gas firing at its Yumbo factory in Cali. The Pyrojet burner represents the latest in technology advances for KHD burners and will ... |
Colombian cement market contracts 5% in May28 June 2016, Published under Cement NewsColombian cement deliveries in May slipped 5.3 per cent YoY in May, totalling 1.129Mt, according to the country’s statistics office, Dane. Output from Colombian cement factories fell 6.4 per cent to 1.057Mt. In the year to date, domestic dispatches remained stable at 5.056Mt while in the June 2015-May 2016 period increased 4.5 per cent to 12.808Mt. |
Colombia's market expands 5.9% in April03 June 2016, Published under Cement NewsCement dispatches in Colombia rose 5.9 per cent to 1.05Mt in April 2015, according to the country’s statistics office, Dane. Cement production in April reached 1.1Mt, up five per cent YoY and the highest output for April in the past eight years. By region, the department of Córdoba saw the highest increase in cement demand at 27.8 per cent, followed by Risaralda, with 20.8 per cent. Antioquia was reporting a variation of 9.5 per cent. Bolivar and Cesar recorded falls of 17.4 and 18.5 ... |
US performance gives Cementos Argos strong 1Q1627 May 2016, Published under Cement NewsIn the 1Q16 Cementos Argos reported an income of COP2.2trn (US$720.1bn), up 334 per cent compared to the same period in 2015. EBITDA ascended to COP425bn, a 38 per cent increase, while the EBITDA margin increased 60 basic points to close at 19.2 per cent. In March the company paid two loans acquired in 2015 with Banco de Crédito del Perú, totalling COP100bn. With this transaction, Grupo Argos' debt was COP1.55trn. The US regional division had outstanding performance thanks to better ... |
Cementos Argos reports 1Q16 EBITDA up 38%13 May 2016, Published under Cement NewsCementos Argos reports that 1Q16 volumes across all regional divisions represent healthy dynamics in all the markets where the company is present, especially in the US, where cement dispatches increased 47 per cent. For the 1Q16, cement volume increased 6.4 per cent to 3.5Mt. Ready-mix sales reached 2.8Mm 3 , an increase of 10.5 per cent. “The obtained results augur us a good performance for the 2016 and confirm us that the geographic diversification, expansion and consolidation of our bu... |
Colombia: Cementos Argos will process 2.5m tyres at its Bogotá plant13 April 2016, Published under Cement NewsFollowing an agreement with the local government of Bogotá, Colombian cement manufacturer Cementos Argos will recycle 2.5m used car tyres to fuel its cement production. According to the president of Cementos Argos, Juan Esteban Calle, the company's Planta Rioclaro factory is capable of processing 20,000tpa of tyres, which amounts to 1.5m units. Calle also added that Cementos Argos is willing to handle 65 per cent of this type of waste management in Colombia, which not only provides en... |
Colombia's cement market expands 6% in Feb 201631 March 2016, Published under Cement NewsColombia's cement consumption in February rose by 6.1 per cent YoY to 1.046Mt from 0.987Mt the previous year, according to the country's statistics office, DANE. Building companies and contractors supported this rise in particular as they bought 15.2 per cent more cement than in February 2014. Ready-mix companies increased their off take by seven per cent while retail saw a 3.3 per cent advance in volumes. In terms of departments, Atlantic saw the largest rises in demand by 22 per cent,... |
Cementos Argos02 March 2016, Published under Cement NewsThe final quarter of 2015 saw Cementos Argos record 54 per cent growth in consolidated revenue to COP2.2trn (US$658.2m) while EBITDA jumped by 123 per cent YoY to COP409bn, representing an EBITDA margin of 19 per cent. Cement volumes for the quarter increased by 13 per cent to 3.6Mt and ready-mixed concrete volumes grew by three per cent to 2.9Mm 3 . According to the company, the growth in revenue was attributed to increased volumes in most areas, structural improvements in efficiencies and ... |
Colombia: dispatches up 12.5% in December 201501 February 2016, Published under Cement NewsCement deliveries in Colombia rose by 12.5 per cent YoY to 1.107Mt in December 2015, according to the latest data by the country’s statistics office, DANE. Construction companies and contractors mainly fuelled the increase as their segment expanded by 27.9 per cent. Grey cement production reached 1.210Mt, up 7.2 per cent when compared with December 2014. Domestic deliveries increased by seven per cent YoY in 2015 to reach 12.807Mt. Output by the country’s cement producers rose by 6.2 ... |