Cement News tagged under: Colombia
Cemex Latin America cement shipments edge ahead, grows stronger downstream24 October 2013, Published under Cement NewsCemex Latin American Holdings' turnover for the first nine months of the year advanced by eight per cent to US$1287.8m, while the EBITDA increased by 16.2 per cent to US$474.4m. The increase at the trading level was a little less at 14.1 per cent to US$405.4m. After a net interest charge of US$86.8m, the pre-tax profit amounted to US$309.1m. Net debt at the end of September stood at US$1345m, to give a gearing level of 94.7 per cent, with 88 per cent of the total gross debt being denomina... |
Argos to evaluate cement price cuts18 October 2013, Published under Cement NewsColombia’s vice president, Angelino Garzon, met with Cementos Argos directors to discuss cement pricing in the country. "I said it is very important that Argos can talk to other cement companies to help the Government to achieve a compromise which allows lower cement prices," said the official. Argos said it would review the pricing structure and seek a reduction in cement prices, in consultation with other cement companies. However, it said the recent price increases were due to highe... |
Cemex to open 0.45Mta mill in Clemencia, Colombia09 October 2013, Published under Cement NewsCemex has scheduled the inauguration of its new 0.45Mta cement grinding unit in Clemencia, Colombia. The mill will produce two types of cement – for general use and structural applications – to distribute in bags and bulk. It is expected that the output will be supplied to large projects under development along the Caribbean coast. Construction of the COP120bn (US$64m) works started last November and the plant’s first output is expected on 30 November. |
Monthly cement production rises 6.2%, Colombia29 August 2013, Published under Cement NewsColombia produced 966,800t of cement in July 2013, up 6.2 per cent YoY, according to the latest data from national statistics office Dane. In terms of dispatches, a 11.5 per cent rise to 980,500t was reported as construction companies increased orders by 19.7 per cent and ready-mix concrete firms by 18.5 per cent. Sales to the retail sector also saw a six per cent advance. During July, Córdoba saw a 45.5 per cent rise in dispatches, closely followed by Norte de Santander (41.2 per cent)... |
Colombia's regulator investigates price fixing22 August 2013, Published under Cement NewsColombia's Superintendency of Industry and Commerce will be opening an investigation into the alleged price-fixing by five local cement companies. The regulator will examine whether Holcim (Colombia), Cementos Argos, Cementos Tequendama, Cemex Colombia and Cementos Marcos have been colluding in the setting of cement prices over the past three years. The regulator has said it will look into "an alleged agreement to fix prices and divide up the market”. The superintendency has claimed that... |
Colombia’s cement price rose 8% in 1H1312 August 2013, Published under Cement NewsIn 1H213, cement prices in Colombia rose eight per cent, well above the country’s inflation rate of 1.73 per cent in the period, according to a report in El Tiempo. The price also compares unfavourably with other Latin American countries. Based on sales at retail stores, Colombian customers can pay up to US$250/t in a city away from any cement plant, while in Peru this price is US$158/t and in Argentina US$199/t. In Panama and Costa Rica, customers pay US$227 and US$240/t, respectively. H... |
Cemex Latin American Holdings recovers in 2Q25 July 2013, Published under Cement NewsCemex Latin American Holdings' first-half turnover improved by 2.8 per cent to US$814m and the EBITDA rose by 12.2 per cent to US$306.4m. The increase at the trading level was a somewhat more modest 7.3 per cent to US$260.3m. After a net interest charge of US$58.8m, the pre-tax profit emerged at US$193.4m. Net debt at the end of June stood at US$1411m, giving a gearing level of 103.9 per cent. Cement shipments in the period was 1.7 per cent lower at 3.62Mt, while aggregates deliveries wer... |
Argos sees higher volumes in 1H1323 July 2013, Published under Cement NewsCementos Argos has reported a rise in cement volumes for the six months to the end of June 2013 and expects activity in its domestic market of Colombia to accelerate after a slow start in the first three months. In the 1H13, Argos reported consolidated EBITDA of COP476bn (US$253m), representing an increase of 25 per cent compared to the same period in 2012, while revenues rose nine per cent YoY. During the period cement dispatches increased by one per cent to 5.5Mt while concrete volumes ... |
Colombia cement consumption slips in May28 June 2013, Published under Cement NewsColombia’s cement demand slipped by 0.3 per cent in May, driven by a decrease at retail level. Distribution to builders and contractors as well as ready-mix companies, according to the national statistics office Dane. In Córdoba, Bolívar and Atlantico cement demand advanced 3.4 percentage points. Bogotá, Nariño and Cesar recorded the largest declines, well below the national average, at -15.5, -38.2 and 20.5 per cent, respectively. Output from the country’s cement plants increased by o... |
Colombia sees 16.4% rise in cement demand29 May 2013, Published under Cement NewsThe Colombian cement market increased its demand 16.4 per cent YoY to 0.919Mt in April, latest figures from the country's statistics office, Dane, reveal. Key players in the April rise were builders and contractors (35.3 per cent share), concrete companies (19.1 per cent) and retail (9.3 per cent). Geographically-speaking, major rises occurred in Cundinamarca, Antioquia and Atlantic departments. The country’s cement manufacturers produced 0.888Mt of cement in April 2013 – a 4.2 per cen... |