Cement News tagged under: Colombia
Colombian cement dispatches decline 8% in June09 August 2023, Published under Cement NewsColombia cement dispatches were down 7.5 per cent to 1.033Mt in June 2023 when compared with 1.117Mt in June 2022, according to the country’s statistics agency, DANE. Output from domestic producers fell 6.1 per cent YoY to 1.117Mt in June 2023 when compared with 1.189Mt ion June 2022. First half of 2023 In the January-June 2023 period consumption declined by 5.1 per cent YoY to 6.297Mt from 6.638Mt in the first half of 2022. Domestic production decreased by four per cent YoY to 6.886M... |
Argos receives US$272m sustainability-linked loan26 July 2023, Published under Cement NewsColombia’s Banco de Bogotá has disbursed a US$272m sustainability-linked loan to Cementos Argos . The agreement allows a gradual reduction in interest rate subject to the cement producer’s compliance with two environmental indicators: net specific CO 2 emissions and a supplier sustainability assessment. The loan has a repayment term of 60 months with a 24-month grace period. Under the conditions of the loan, the cement company must reduce its Scope 1 net specific CO 2 emissions to 523kg... |
Colombian cement consumption up 2% in May11 July 2023, Published under Cement NewsColombia’s cement market expanded by 2.1 per cent YoY to 1.126Mt in May 2023 from 1.104Mt in May 2022, according to DANE, the country’s statistics office. Sales to ready-mix concrete companies were up 5.8 per cent YoY while retail sales increased by 5.3 per cent YoY in May 2023. However, off-take by construction companies and contractors declined by 12.6 per cent in May 2023 when compared with the year-ago period. Domestic cement production slipped by 1.1 per cent to 1.237Mt in may 2023 w... |
Colombian grey cement market contracts 9% in April07 June 2023, Published under Cement NewsGrey cement dispatches in Colombia declined 9.3 per cent YoY to 0.987Mt in April 2023 from 1.089Mt in April 2022, according to the country’s statistics agency, DANE. Bulk cement sales were down 5.6 per cent YoY while bagged sales saw an 11.1 per cent drop. Construction companies and contractors represented the largest contraction, by 19.9 per cent YoY, followed by the retail sector, where sales were down 9.1 per cent. Ready-mix concrete companies reduced their off take by 2.4 per cent YoY. ... |
Empresa Colombiana de Cementos appoints new MD16 May 2023, Published under Cement NewsEmpresa Colombiana de Cementos and its Alión brand have named Martha Patricia Quintero Valderrama as the company’s new managing director. She succeeds Juan Martínez Gilsanz, who will be leading the global business of aluminate cement for the Spanish cement producer. Ms Quintero Valderrama has more than 25 years of experience in the building materials industry and has been Alión’s commercial director for the last five years. In her career she has worked for Holcim and Cementos Polpaico. ... |
Argos reports record 1Q23 operating EBITDA10 May 2023, Published under Cement NewsArgos recorded an operating EBITDA of US$127m in the 1Q23, the highest achieved in a first quarter in its history and 41.3 per cent higher than in the 1Q22. Regarding consolidated revenues, it earned US$721m, representing a growth of 11.9 per cent compared to the previous year. Net profit closed at US$25m, while the leverage index stood at a level of 3.1 times, with a slight increase compared to December, mainly caused by the accelerated revaluation of the Colombian peso at the end of Ma... |
Colombian cement consumption declines 8% in March03 May 2023, Published under Cement NewsCement dispatches in Colombia fell 7.5 per cent YoY to 1.163Mt in March 2023 from 1.257Mt in March 2022, according to national statistics agency, DANE. While deliveries of bulk cement edged up by 0.8. per cent YoY, reflecting 3.5 per cent growth in the ready-mix concrete segment market in March 2023, bagged cement sales were down 11.2 per cent yoY as construction companies and contractors reported a 13.6 per cent contraction and the off-take by the retail sector dropped by 11.5 per cent wh... |
Cement demand in Colombia falls 4% in February04 April 2023, Published under Cement NewsCement consumption in Colombia fell by 4.4 per cent YoY to 1.058Mt in February 2023 from 1.107Mt, according to the country’s statistics office, DANE. Of this total, bagged cement sales showed a 7.1 per cent fall, but bulk sales were up by 1.3 per cent YoY. Sales to construction companies and contractors contracted by 14.1 per cent while the retail sector saw a six per cent reduction in offtake. Ready-mix concrete company sales increased by 3.6 per cent YoY. Colombian cement producers dis... |
Colombia's cement market contracts 4% in January08 March 2023, Published under Cement NewsColombian cement dispatches declined 3.5 per cent to 0.93Mt in January 2023 from 0.964Mt in January 2022, according to the country’s statistics office, DANE. When compared with January 2019 cement demand increased 1.4 per cent from 0.917Mt. The 3.5 per cent drop in dispatches was driven by the contraction in Antioquia (-9 per cent) and Nariño (-64.9 per cent). While bulk dispatches remained stable, bagged cement sales fell by five per cent YoY in January 2023. Bulk sales growth of 14.3 p... |
Colombian cement market expands 4% in 202202 February 2023, Published under Cement NewsGrey cement dispatches in Colombia slipped 1.1 per cent YoY to 1.122Mt in December 2022 from 1.135Mt in December 2021, according to the country’s statistics agency, DANE. Bagged cement sales in December 2021 were down by 2.9 per cent YoY but this was offset by a 2.9 per cent increase in bulk sales. The 12.5 per cent YoY increase to ready-mix cement companies was unable to offset the decline in other market segments in December 2022. Sales to construction companies and contractors dropped b... |