Cement News tagged under: Colombia
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... |
Cemex focuses spotlight on Colombia28 August 2012, Published under Cement NewsEarlier this week Cemex announced that its Cemex España subsidiary, Cemex Latam Holdings, presented an application to the Superintendencia Financiera de Colombia to list its shares on the Colombian stock exchange and to offer a minority of Cemex Latam’s shares in a public offering to investors in Colombia and in a concurrent private placement, to eligible investors outside of Colombia. The offer includes all of Cemex's assets in Central and South America but excludes Mexico. The move comes a... |
Mexico: Cemex shares climb on asset sale plan24 August 2012, Published under Cement NewsCemex SA shares outperformed the broader Mexican equity market Wednesday, rising as much as seven per cent after the Mexican cement maker said it plans to sell a minority stake in its Latin American assets through a listing on Colombia's stock exchange. The sale, aimed at reducing Cemex's debt, will not include assets in its homebase. Cemex's shares trading in Mexico City were recently up 4.8 per cent. |
Colombia: Cemex subsidiary applies to sell Latin American assets22 August 2012, Published under Cement NewsCemex Latam Holdings SA, a wholly-owned subsidiary of Cemex España SA, presented to the Superintendencia Financiera de Colombia an application to list its shares on the Colombian stock exchange and to offer a minority of Cemex Latam’s shares in a public offering to investors. Cemex Latam's assets are expected to include substantially all of Cemex’s assets in Central and South America (excluding Mexico). This application is one component of the previously-announced asset sale alternatives ... |
Cementos Argos positive sales trends continue30 July 2012, Published under Cement NewsCementos Argos has reported positive operating figures for its cement division, continuing the trends seen in the first quarter of the year. Argos. In the second quarter of 2012 operating figures showed positive growth, giving continuity to the trends first seen in the first quarter. Cement sales for the April-June period stood at 4.9Mt and ready-mix concrete sales were 4.2Mm3. In the Colombia division, cement sales were up six per cent and ready-mix concrete sales rose 19 per cent, c... |