Cement News tagged under: Colombia
Inflationary pressures impact Argos results in the 1Q2211 May 2022, Published under Cement NewsArgos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly due to higher inflationary pressures that impacted costs associated with raw materials, energy, freight, and operational maintenance. The company highlights the very good price performance in all regions, which is expected to mitigate the impact of inflation on costs going forward. Cement volumes remained stable a... |
The low-carbon cement bet10 May 2022, Published under Cement NewsCementos Argos has developed a low-carbon cement using alkaline activation technology to formulate hybrid cements. This type of green cement allows the increased use of supplementary cementitious materials activated with additives which significantly reduces the clinker content and, therefore, CO 2 emissions. By MF Díaz-Burbano, Cementos Argos, Colombia. To activate the SCM correctly, additives are fed into the process using an accurate dosage system Supplementary cementitio... |
Colombian cement market expands 6% in March10 May 2022, Published under Cement NewsGrey cement dispatches in Colombia increased 5.7 per cent to 1.257Mt in March 2022 from 1.189Mt in March 2021, according to the country’s statistics office, DANE. When compared with demand in March 2020, they were up 70 per cent from 0.74Mt. Bulk sales increased by 6.9 per cent YoY while bagged sales saw a more moderate growth of 5.2 per cent in March 2022. Sales to the ready-mix concrete segment saw a 10.1 per cent hike while retail sales increased 6.2 per cent YoY. However, construction ... |
Argos recycles 10.9Mm3 of water in 202109 May 2022, Published under Cement NewsArgos ( Grupo Argos ) recycled 10.9Mm 3 of water during 2021, which represents 91 per cent of recirculation and is equivalent to the average consumption of 60,000 families per year. The reuse of water resources reduces the volume of water withdrawal to contribute to the availability of this resource both for the company and for society, ecosystems and future generations. Argos' sustainability and environmental strategy, specifically in its water and biodiversity pillar, is the roa... |
Fitch: Colombia's positive cement cycle partially mitigates inflationary impacts04 May 2022, Published under Cement NewsFitch Ratings has said Colombian cement companies face a challenging operating environment as rising commodity and energy prices, global supply chain disruptions and political uncertainty pressure their cost structures. Since 2021, the companies have benefited from the recovery in demand, marked by construction of housing and infrastructure projects in the main markets where they operate. The rating's agency notes that sound volumes should sustain revenue growth, even though at lower pace, a... |
Cementos Argos sets up Bermudan business unit26 April 2022, Published under Cement NewsColombia-based Cementos Argos SA has set up a new wholly-owned subsidiary, BMR Ltd. The new business unit in Bermuda is part of the company’s risk management strategy. With the new company, it aims to stabilise the total cost of risk in the long term, intervene more actively in the reinsurance and insurance market as well participate in taking predictable risks that have been studied and over which Argos has control. The creation of the company constitutes the implementation of "a good ... |
Colombian cement market expands 3% in February04 April 2022, Published under Cement NewsDomestic dispatches in Colombia edged up by 2.6 per cent to 1.107Mt in February 2022 from 1.079Mt in February 2021, according to the country’s statistics office, DANE. Dispatches were up 9.2 per cent YoY in terms of bulk cement but slipped 0.2 per cent for bagged cement, reflecting the seven per cent advance in dispatches to ready-mix concrete companies. However, construction companies and contractors reduced their off-take by 4.9 per cent YoY in February 2022. Sales to the retail sector r... |
Colombian cement market contracts to 0.963Mt in January03 March 2022, Published under Cement NewsCement dispatches in Colombia decreased 2.5 per cent YoY to 963,900t in January 2022 when compared with 989,100t reported in January 2021,when dispatches slipped 0.6 per cent YoYaccording to the national statistics agency, DANE. Of this total, bulk cement dispatches advanced 8.1 per cent YoY in January 2022, but bagged cement deliveries were down 6.6 per cent YoY, reflecting the development of sales in the different market segments. Ready-mix concrete companies increased their offtake by 1... |
Argos reports consolidated EBITDA of COP2.16bn in 202121 February 2022, Published under Cement NewsArgos, Grupo Argos' cement company , reported a consolidated EBITDA of COP2.16bn (US$55m) at the end of 2021, representing an increase of 34 per cent compared to 2020 and the highest in the company's history. The annual EBITDA margin stood at 22 per cent, the highest since 2005, when the cement company began its internationalisation process. Accumulated revenues as of 31 December 2021 reached COP9.8bn, a YoY increase of 9.1 per cent. Argos shipped 17.1Mt of cement and 7.8Mm 3 of ready... |
Cementos Argos erects industrialised plant for concrete modular solutions21 February 2022, Published under Cement NewsWith the installation of the first industrialised plant for concrete modular solutions in Colombia, Argos will begin to produce and market modular solutions in concrete for building houses and infrastructures in series. The plant will begin operations at the end of the 1H22, allowing the construction of an estimated 500 homes by the end of this year. This endeavour will generate 60 direct and 300 indirect jobs. All this is part of Argos’ commitment to sustainable construction, climat... |