Cement News tagged under: Colombia
Colombian cement market expanded 3% in September23 November 2021, Published under Cement NewsCement consumption in Colombia edged up 2.9 per cent YoY to 1.164Mt in September 2021 from 1.131Mt in September 2020, according to the country’s statistics agency, DANE. When compared with September 2019, demand grew by 7.9 per cent from 1.078Mt. Bulk sales increased by 7.3 per cent YoY in September 2021 while bagged cement saw sales grow by one per cent. When compared with September 2019, bulk and bagged sales increased by 8.1 and 7.9 per cent, respectively. Sales growth was particularly... |
Argos recycles 180t of bags in 202123 November 2021, Published under Cement NewsThrough its Sacos Verdes (Green Bags) programme, Colombia-based cement producer Argos has recycled around 180t of cement packaging in 2021, the equivalent to stop cutting more than 1770 trees and saving more than 14,000m3 of water, or the daily supply of 83,000 people. Vehicles that supply materials to customers return to Argos with empty cement sacks in a reverse logistics system. After cleaning and processing, the empty cement and aggregates bags are used as raw materials in other indust... |
Argos implements simulation model for bulk cement supply19 November 2021, Published under Cement NewsAt the eighth annual Simulation Conference organised by the Anylogic software company, Argos (Argos Group) shared its model for the optimised supply of bulk cement that it has been developing for its terminals in the Caribbean region. This simulation is a key tool to avoid delays in the rotation of resources and to optimise the capacity of the ships and other methods of operation that allow the efficient delivery of cement inventory in some markets where the company operates. "... |
Cementos Argos announces 5% increase in 3Q revenue09 November 2021, Published under Cement NewsCementos Argos has posted consolidated revenues of COP2489bn (US$641.82m) in the third quarter of 2021, up 5.3 per cent YoY, favoured by the positive evolution of volumes and prices. Adjusted EBITDA also increased 2.4 per cent YoY to COP473bn from COP462bn in the 3Q20. The positive EBITDA evolution was mainly attributed to the performance of Colombia, in a combination of better market environment and commercial efforts to increase the company’s exposure to the retail segment. Cost headwind... |
Argos commits to new 2030 CO2 emission targets26 October 2021, Published under Cement NewsOn 25 October 2021 Argos held a climate change webinar in which it committed to reduce its CO 2 emissions by 29 per cent in its cement plants by 2030. In just over the last decade, the company has already reduced its CO 2 emissiosn by 14 per cent from its baseline. By 2050, Argos will offer carbon-neutral concrete, aligned with the Net Zero ambition plan of the Global Cement and Concrete Association (GCCA). The Colombia-based cement producer will achieve its new targets by maximising w... |
Construction firms and contractors drive 4% rise in Colombia’s cement demand07 October 2021, Published under Cement NewsColombian cement dispatches picked up 4.3 per cent to 1.098Mt in August 2021 from 1.052Mt in August 2020, according to the country’s statistics office, DANE. When compared with August 2019 deliveries slipped 0.1 per cent from 1.099Mt. Growth was particularly robust in the ready-mix segment where off-take saw a 14 per cent improvement. Construction companies and contractors increased their purchases by 6.5 per cent while sales to the retail sector edged up 0.3 per cent. Production from dom... |
Colombia sees 4% increase in cement dispatches03 September 2021, Published under Cement NewsThe Colombian cement market expanded by 3.6 per cent to 1.132Mt in July 2021 when compared with dispatches of 1.093Mt in July 2020 and by 7.5 per cent when compared with 1.113Mt in July 2019, according to the country’s statistics office, DANE. Cement sales were particularly strong in the ready-mix concrete market (+11.9 per cent YoY) while construction companies and contractors also increased their offtake by 6.4 per cent YoY. However, the retail segment saw a one per cent contraction. When... |
Colombia's tax change may impact Argos valuation30 August 2021, Published under Cement NewsColombia's Congressional Economic Committees have voted in support of the tax change proposed by Iván Duque's government, a step that could impact the valuation of domestic cement producer Argos, according to a report by UBS. The project, also known as social investment, targets an additional COP15.2bn (US$3.97m) to the state purse and UBS research expects a 35 per cent increase in corporate taxes and a 38 per cent in financial sector taxes. While the tax change is expected to improve Colo... |
Argos opts for Klaveness Digital's CargoValue shipping platform13 August 2021, Published under Cement NewsArgos has signed on with Klaveness Digital to roll out shipping and logistics platform 'CargoValue' throughout the supply chain. Following a successful pilot project during the 2Q21, the move solidifies Argos’ digitalisation agenda to preserve its strong market foothold in the Americas. "CargoValue has enabled us to digitalise existing processes to improve visibility and make better decisions throughout the supply chain towards that goal,” says Gabriel Ballestas, senior director of Tradin... |
Colombian market expands 18% in June04 August 2021, Published under Cement NewsCement consumption in Colombia reached 1.072Mt in June 2021, up 18.4 per cent when compared with 0.905Mt in June 2021 and by 9.5 per cent per cent when compared with 0.979Mt reported in June 2019, according to DANE, the country’s statistics office. Retail sales advanced by 18.3 per cent in June 2021 while offtake from ready-mix concrete companies was up 18.3 per cent when compared with June 2020. Construction companies and contractors increased their purchases by 14.5 per cent YoY. Produ... |