Cement News tagged under: Colombia
Solid first quarter for Cementos Argos28 April 2014, Published under Cement NewsCementos Argos posted first-quarter net income of US$39m, up 51.7 per cent compared to the first quarter 2013. The company attributed the increase in net income in part to the inclusion of the results from a recently acquired operation in Honduras, as well as 24 days of results from new assets in Florida, company representatives explained during an investor's conference call. “The significant increase of our profitability across all of the company’s three regional divisions, the still i... |
Cemex delivers 640 new homes as part of Colombian affordable housing initiative17 April 2014, Published under Cement NewsCemex announced Tuesday that it has completed 640 apartments in Colombia as part of a 3000-unit urbanisation project being undertaken by the company in collaboration with the country's government. The full project comprises 3,000 apartments divided into 96 towers of four stories each. The complexes will include recreational and green areas. The paving for the complex will be done with concrete also provided by Cemex. Colombian Housing Minister Luis Felipe Henao was present to inaugurate th... |
Colombian demand grows 12% in February01 April 2014, Published under Cement NewsColombian cement demand expanded by 11.7 per cent in February 2014 compared to the previous year with dispatches reaching 924,000t, according to the statistics office, Dane. Major growth was recorded in Antioquia, Cundinamarca, Magdalena, Norte de Santander y Cauca. Cement production rose to 907,800t, up 10.2 per cent when compared with the same month a year ago. In the year ending February 2014, deliveries advanced by five per cent YoY to 10.972Mt. Output from Colombia’s cement plant... |
Argos Board approves US$50m loan31 March 2014, Published under Cement NewsThe board of Colombia’s Argos Group has approved a US$50m loan with the Bank of Bogotá and Miami Agency. The 180-day credit was extended to cover operating cash flow needs. |
Cementos Argos27 March 2014, Published under Cement NewsEarlier this month Cementos Argos increased the price of cement by HNL8 (US$0.42)/bag taking a 42.5kg bag of Piedra Azul cement to HNL168 (US$8.63). The price had previously been frozen at HNL160 (US$8.21). “We have been meeting with executives from Argos, after more than a month-and-a-half of analysis costs we believe that the company has had significant increases in the structure of its business operations and is able to request that the freeze be suspended,” says Alden Rivera, minister... |
Colombia’s Argos invests in new Cartagena distribution centre24 March 2014, Published under Cement NewsCementos Argos will be investing US$35.2m in a new distribution centre in Cartagena, announced the company’s president Jorge Mario Velasquez at the shareholders’ meeting. The new distribution centre will increase the company’s dispatch capacity to 1.3Mta of bagged cement and 1Mta of bulk cement. The investment will primarily benefit the company’s logistics in the north of the country. |
Colombia maintains cement demand03 March 2014, Published under Cement NewsColombian cement shipments reached 806,000t in January, according to national statistics office, Dane with better sales to the ready-mix concrete, builders and contractors segments supporting the result. Retail sales, however, fell 4.8 per cent. Cement production in the South American country totalled 820,000t, a two per cent YoY increase. Demand growth was strongest in the Magdalena department, where sales expanded 37.6 per cent. It was followed by Norte de Santander (+35.7 per cent)... |
Argos: positive developments across the board25 February 2014, Published under Cement NewsArgos, closed 2013 with a strong rise in EBITDA on the back of positive contributions from all its regional divisions. Other highlights for the year were the inclusion of Argos on the Dow Jones Sustainability Index, successful issuance of preferred shares in Colombia and abroad, and new acquisitions to close a successful year for Argos. “2013 was a year that completely transformed this company. The successful issuance of preferred shares significantly helped us implement our expansion stra... |
FLSmidth establishes Colombian office19 February 2014, Published under Cement NewsFLSmidth is expanding its operations on the Colombian market through the establishment of a new office in the city of Barranquilla in the northern part of the country. “The new office that opened on 1 January 2014 will bring FLSmidth even closer to its customers on the Colombian market and strengthen the local service offerings,” FLSmidth said in a statement. The company also added that over the last decade, the Colombian economy has been on an upward spiral due to improvement in the secu... |
Colombia's 2013 cement output up 3%05 February 2014, Published under Cement NewsColombian yearly cement production increased three per cent to 11.25Mt compared to 2012 with dispatches for 2013 up 3.5 per cent to 10.87Mt, reports Business News America. |