Cement News tagged under: Colombia
Cemex prices Latam IPO, Colombia07 November 2012, Published under Cement NewsCemex announced it has priced shares of its Latin American unit Cemex Latam Holdings SA at COP12,250 (US$6.75) each in an offering from which it expects to receive about US$1.1bn. Cemex said it priced 170.4 million shares in the unit, which is listed on the Colombian stock exchange. Of the total shares, 148.2 million shares were sold in a public offering to investors in Colombia and in a private placement to eligible investors outside Colombia. Another 22.2 million shares are subject to... |
New order for Gebr Pfeiffer in Colombia01 November 2012, Published under Cement NewsCementos Tequendama has ordered an MPS 140 BK coal mill coal mill from Gebr Pfeiffer, Inc, a subsidiary of Gebr Pfeiffer SE. Cementos Tequendama’s plant is located in the outskirts of Suesca, Cundinamarca, Colombia (located approximately one hour north of Bogota). Currently, the plant currently has a production capacity of 300,000tpa. The new vertical roller mill ordered from Gebr Pfeiffer is part of Cementos Tequendama's expansion plan to increase overall production at the plant. Other g... |
Cemex launches Latam IPO, Colombia30 October 2012, Published under Cement NewsCemex officially launched on Monday the Colombian initial public offering of its Latin American unit, with books open from 29 October to 6 November, the company said. Cemex has set a range of between COP11,000 and 13,500 (US$6.03-7.40) per share for the offering of about 24 per cent of its Cemex Latam Holdings unit. The minimum amount of shares it will offer will be 50 million, it said in a notice printed in Colombian media. The IPO could raise nearly US$1bn dollars. Cemex Latam Holdings,... |
Keeping pace with demand26 October 2012, Published under Cement NewsUpdates this week from the Latin American cement sectors of Colombia, Bolivia and Peru show buoyant market conditions prevail and some local producers are expanding capacities to capture a greater share of market growth. Colombia Earlier this week, Cementos Argos reported that it has seen a continued upward trend in its domestic market of Colombia where current economic growth forecasts, the recovery of the sovereign-grade investment and government infrastructure projects point to a po... |
Cemex announces Latam share offering, Colombia22 October 2012, Published under Cement NewsCemex said on Friday it plans to offer some 126.6 million common shares of its Cemex Latam Holdings unit to be listed in the Colombian stock market. Cemex Latam Holdings includes Cemex's cement and ready-mix assets in Colombia, Panama, Costa Rica, Brazil, Guatemala, Nicaragua and El Salvador. About 110.1 million shares will be put up for grabs in a public offering to investors in Colombia and in a concurrent private placement to eligible investors outside Colombia, Cemex said in a relea... |
Argos registers 25% rise in third quarter EBITDA19 October 2012, Published under Cement NewsColombia’s Cementos Argos' third quarter operating revenues reached COP3.2bn as the cement company sold 8.2Mt of cement and 6.4Mm3 of concrete in Colombia, the Caribbean and the USA. The figures represent an expansion in sales of seven per cent for cement and eight per cent for concrete. The company’s EBITDA amounted to COP605,000m, an increase of 25 per cent YoY while its operating profit totalled COP328,000m due to the momentum gained by its US and Caribbean operations. Net profit stood ... |
Colombian market update28 September 2012, Published under Cement NewsIn August 2012, grey cement production in Colombia reached 939,600t, representing a growth of 0.2 per cent over the same period of 2011, according to data released by Departamento Administrativo Nacional de Estadistica (Dane). During the month, 906,500t of grey cement was shipped to the domestic market, which represented a decrease of 1.1 per cent. So far this year to August 2012, grey cement production reached 7,247,900t, representing an increase of three per cent over the same period ... |
Cementos Argos announces investment in Colombia's central zone19 September 2012, Published under Cement NewsColombia’s leading cement producer Cementos Argos announced yesterday that it is to spend US$93m in expanding its cement capacity in the country’s central zone as the company positions itself for expected increases in domestic construction acitivity. The main focus of Argos’ investment will be the expansion of its Rioclara plant by 900,000tpa of cement. The project involves the extension of clinker capacity, the installation of a high-efficiency vertical mill plus packing and a truck load... |
Colombian production drops, shipments ahead11 September 2012, Published under Cement NewsColombian production fell 1.4 per cent in July 2012 compared to the same month in 2011, while shipments for the period were ahead by 3.3 per cent. The country’s statistical office, Dane, shows that shipments for July 2012 were 879,000t. By departments, Cundinamarca continues to lead the rankings with 52.7 percent of demand, followed by Santander, with 30.7 per cent, and Bolívar, with 20.6 per cent. In contrast, the main decrease occurred in Bogotá, down 14.4 per cent, which is attributed b... |
Holcim: realising growth potential whilst cutting costs10 September 2012, Published under Cement NewsHolcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland. While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne... |