Global Cement Report

Colombia

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The Colombian cement industry has seen an eventful two years including the demise of Cementos Andino and allegations of price fixing. Nevertheless, the local market is expanding rapidly, reaching levels last seen a decade ago pre-recession, and the outlook is positive. The industry's increased exposure to US exports, however, may present a challenge in the short-term.

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Cementos Argos issues US$765m to finance expansion plans
10 May 2013
Colombia's leading cement producer Cementos Argos has issued COP1.4trn (US$765m) worth of preferred shares to finance expansion plans. The company sold the 182 million shares at COP7,700 each t...
Cemex Latin American Holdings has a weaker first quarter
26 April 2013
Cemex Latin American Holdings reported a 2.5 per cent decline in first quarter turnover to US$383.3m, but the EBITDA did improve by 8.1 per cent to US$140.7m. The increase at the trading level...
The business case for water
26 April 2013
Water is a natural resource used at all Holcim operational sites across the world. Conscious of growing global water sustainability challenges, Holcim, in partnership with the International Union ...
Argos share offering open for 15 days, Colombia
18 April 2013
Colombia's largest cement maker, Cementos Argos, has opened for offers 250m preferred shares, a bookbuilding process to end on 8 May 2013 to raise between (US$1.05bn-US$1.27bn). Argos has set ...
Cementos Argos to issue shares to finance expansion, Colombia
17 April 2013
Colombia’s largest cement producer Cementos Argos plans to issue up to 250m preferred shares to finance an expansion plan, the company said on Tuesday. Argos has set a range of between COP7700-93...
Caribbean Cement workers protest over concerns on domestic declines
04 April 2013
Union members of the Caribbean Cement Company Ltd (CCCL) have staged a demonstration amid concerns on continued declines in the domestic cement market. The one-hour protest took place outside t...
Colombia’s cement demand down 2.7% in February
02 April 2013
Cement consumption in Colombia slipped 2.7 per cent YoY to 823,700t in February, according to Dane, the country’s national statistics bureau. Retail dispatches fell 5.7 per cent and were the ke...
Cemex
04 March 2013
Cemex' turnover eased by 1.5 per cent in 2012 to US$14,983.8m, but the EBITDA did improve by 10.2 per cent to US$2614.7m and the trading profit advanced by 35.3 per cent to US$1308m, having recove...