Cement News tagged under: Colombia
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... |
Colombian environment ministry recognises Argos carbon neutrality contribution19 January 2023, Published under Cement NewsColombia’s Ministry of Environmental and Sustainable Development has recognised cement producer Argos , part of Grupo Argos, as an active participant in the National Carbon Neutrality Programme. Through its participation in the programme, Argos commits to supporting Colombia’s target to reduce its greenhouse gas emissions by 51 per cent by 2030 when compared with the reference scenario, and to achieve carbon neutrality by 2050. One of the pillars of its commitment is the replacement of fo... |
Colombian cement market contracts 4% in November03 January 2023, Published under Cement NewsGrey cement consumption in Colombia declined by 4.2 per cent in November 2022 to 1.118Mt from 1.167Mt in November 2021, according to the country’s statistics office, DANE. While bulk dispatches increased by 3.7 per cent, bagged cement deliveries were down 7.7 per cent YoY in November 2022. Sales to the ready-mix concrete sector increased by 19.4 per cent YoY while retail sales were up by 1.2 per cent YoY in November 2022. However, construction companies and contractors reduced their off tak... |
Colombia’s cement dispatches up 5% in 10M2214 December 2022, Published under Cement NewsCement dispatches in the Colombian market decreased by 2.4 per cent to 1.123Mt in October 2022 from 1.15Mt in the year-ago period, according to the country’s statistics office, DANE. Of this total bulk sales saw a 4.3 per cent increase but bagged cement sales were down by 5.4 per cent YoY in October 2022. Sales to ready-mix companies increased by 9.9 per cent YoY in November 2022, but the off-take by construction companies and contractors, and the retail sector declined by 7.7 and 5.4 per... |
CEMEX announces first Circularity Center14 December 2022, Published under Cement NewsCEMEX has announced the launch in Colombia of its first Circularity Center worldwide. The site is located south of Bogotá in an old quarry that has been restored recently and will become a model for other CEMEX operations. The 300ha property, located in the Tunjuelo sector, was used for more than 70 years as a source of building materials for the growth of Bogotá. By having excavations more than 50m deep, the land has been used in recent years as the primary recipient of demolition wast... |