Cement News tagged under: Colombia
Colombian cement market expands 4.4 % in April29 May 2015, Published under Cement NewsIn April 2015 there was a 4.4 per cent YoY rise in cement dispatches in Colombia. Some 0.999Mt of grey cement reached domestic customers, according to the latest figures by the national statistics service, DANE. Nariño led the expansion seeing its sales advance by 60.7 per cent, followed by Cesar (43.8 per cent), Magdalena (34.5 per cent), Cauca (8.5 per cent) and Antioquia (7.2 per cent). Grey cement production reached 1.057Mt, a 2.7 per cent YoY increase, in April. In the first four ... |
Argos reports solid start to the year28 May 2015, Published under Cement NewsArgos reported a solid first-quarter results, with a double-digit rise in cement volumes and price recovery in both Colombia and the US. Consolidated revenues in the first quarter grew 27 per cent YoY, reaching COP1.7trn (US$669m). EBITDA was up by 18 per cent to COP307bn supported by structural improvements in al regional divisions as the group reported continuous achievements in operational efficiencies an discipline across al fronts of its organisation. Net income for 1Q15 stood at C... |
Cemex Latin American Holdings held back by weaker cement sales in Colombia24 April 2015, Published under Cement NewsCemex Latin American Holdings' turnover declined by 16.3 per cent in first quarter of the year to US$353.8m and EBITDA fell by 20.3 per cent to US$112.4m. At the trading level there was a 23.6 per cent reduction to US$90.2m. After an interest charge 15.6 per cent lower at US$20.6m and other items, the pre-tax profit declined by 23.3 per cent to US$72.3m and the net attributable profit came off by 19.8 per cent to US$43.8m. Net debt at the end of March was 8.8 per cent lower than a year ea... |
Cemex to bring forward Caracolito expansion, Colombia07 April 2015, Published under Cement NewsCemex is bringing forward the expansion of Caracolito plant in Colombia, the corporate affairs vice-president of the company’s Mexican division has said. Daniel Suarez told local news that the project consists of the expansion of the existing quarry with an additional 11ha, a complete reconstruction of the kilns and the replacement of air filters. Encouraged by the positive outlook and business environment in Colombia, Cemex also building a new US$340m cement works in Antioquia. The firs... |
Colombia: Feb cement sales up 6.1%01 April 2015, Published under Cement NewsColombia saw a 6.1 per cent YoY rise in cement dispatches in February as 985,300t of the product were delivered, according to DANE, the national statistics office. The largest increases were experienced in Nariño (+52.1 per cent), Bolívar (+37 per cent), Antioquia (+17 per cent) and Bogotá (7.7 per cent). Production in the second month of 2015 reached 1.034Mt, an 13.3 per cent advance when compared with February 2014. In the 2M15, deliveries increased 10 per cent YoY to 1.913Mt while... |
Cementos Argos26 March 2015, Published under Cement NewsFindings from an investigation into alleged antitrust behaviour by Cementos Argos are due by mid-2015, according to Colombia’s Superintendency of Industry and Commerce (SIC). The findings will conclude an eight-year investigation into possible cartel-like practices by not only Argos but also the local subsidiaries of Cemex and Holcim. Claims that the companies colluded to inflate cement prices in the country date back as far as 2010. The SIC also plans to present a bill in March this ... |
Cementos Argos readies itself for 'vibrant' US market growth26 March 2015, Published under Cement NewsWith US demand recovery on a roll, Cementos Argos is readying itself for 'vibrant' growth in the years ahead with the group having consolidated its presence in nine strategic states. Last year, Argos recorded historic overall results in terms of both income and EBITDA, which rose above US$2.9m and US$534m (growth of 17 and eight per cent, respectively). The company reported unprecedented consolidated figures in terms of cement and concrete sales volumes, dispatching 12.5Mt of cement and 11M... |
Colombia dispatches up 14.5% in January27 February 2015, Published under Cement NewsThe Colombian cement market expanded by 14.5 per cent YoY in January 2015 as the country’s cement producer dispatched 927,800t of cement, according to the latest figures by national statistics office, Dane. Output rose 8.3 per cent to 0.9Mt when compared with January 2014. The strongest demand growth occurred in Nariño (+165 per cent), Cesar (+37 per cent), Magdalena (+36 per cent), while Antioquia and Bolivar saw dispatches rise by 25 per cent. |
Cementos Argos’ net profit surges 59%26 February 2015, Published under Cement NewsColombia’s leading cement producer, Cementos Argos, said net profit jumped 58.8 per cent YoY in 2014, closing the year with record figures. Profit was up to COP291bn (US$145m), compared with the COP183bn registered in 2013. Operating income was up 16.8 per cent to COP5.8trn (US$2.9bn), EBITDA rose up 8.4 per cent to COP1.06trn (US$534m). Cement sales increased by eight per cent YoY to 12.5Mt, while concrete sales jumped 18 per cent to 11Mm 3 . Argos CEO, Jorge Mario Velásquez, commen... |
Cementos Argos in expansion mode10 February 2015, Published under Cement NewsCementos Argos will be expanding its business in 2015 with investments of over US$400m, according to Jorge Mario Velásquez, president of Argos. He added that 2015 will be crucial for the company as it initiates a very important decade in the economy of US: “In the next 10 years in the US will see significant growth of the economy, it will be a dynamic decade, especially in the cement market where growth close to nine per cent is expected, accompanied by a recovery of prices are recorded, ... |