Cement News tagged under: Colombia
Colombia’s cement demand down 2.7% in February02 April 2013, Published under Cement NewsCement 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 key factor in the falling demand. Construction companies and contractors, on the other hand, increased their use by three per cent. Cement production fell 4.8 per cent YoY to 823,700t in February. In the past 12 months, consumption decreased by 3.2 per cent to 1.617Mt when compared with the yea... |
Colombia’s Argos closes 2012 with 25% rise in EBITDA26 February 2013, Published under Cement NewsArgos, Colombia’s largest cement producer, recorded a 25 per cent YoY rise in EBITDA in 2012 and an 82 per cent rise in operating income. The group, which also operates in the Caribbean and US, reported EBITDA of COP791,190m and operating income was COP414,566m. After incorporating the cement and concrete assets acquired in the southeastern US, consolidated revenues reached COP4,380,393m. "We traded in 10.8Mt of cement and 8.5Mm3 of concrete in Colombia, the Caribbean and the United S... |
Cemex Lat'Am publishes 2012 results07 February 2013, Published under Cement NewsAs a result of the flotation of a minority stake in the Central and South American operations of Cemex, Cemex Latin American Holdings' 2012 results have just been published for the first time, on the eve of the parent company's annual results announcement. The pro forma figures show a 25.4 per cent increase in turnover to US$1591.7m and an EBITDA advancing by 44.4 per cent to US$547.5m as the margin increased from 29.9 per cent to 34.4 per cent. The trading profit showed a 55.3 per cent a... |
Colombia’s cement output drops 1.3% in December 201231 January 2013, Published under Cement NewsColombia’s grey cement production fell 1.3 per cent YoY in December 2012 as output slipped to 948,400t, according to the national statistics agency DANE. In terms of dispatches, some 831,500t were sold on the national market, a 5.9 per cent YoY cut, attributed mainly to the 11.6 per cent drop in retail sales. However, builders and contractors increased their takeoff by 9.9 per cent. The largest contraction in dispatches was noted in Bogotá (-17.7 per cent) while Cundinamarca enjoyed a... |
Argos looking to raise US$411m with bond issuance28 November 2012, Published under Cement NewsGrupo Argos is looking to raise up to COP750bn (US$411m) with the issuance of mandatory convertible bonds scheduled for November 27, local paper La República reported. Groupo Argos is the parent company of Colombia's largest cement firm, Cementos Argos. The placement, already approved by Colombian financial regulator Superfinanciera, will start with an initial value of COP500bn, with the possibility to be increased by COP250bn. The issuance was expected to include two-year and five-year... |
Holcim continues Colombian feasibility study26 November 2012, Published under Cement NewsHolcim approved the continuation of the feasibility study to build a new cement plant in Colombia. According to Miguel Angel Rubalcava, Holcim’s president in Colombia, the investment is around US$600m. "We are evaluating the departments of Bolivar and Antioquia, as possible locations for its site but we have not decided," he said. The new 2Mta works would generate about 1000 direct and indirect jobs and would benefit from the latest technology, minimal environmental impact and maximum ... |
Cemex prices Latam IPO, Colombia07 November 2012, Published under Cement NewsCemex announced it has priced shares of its Latin American unit Cemex Latam Holdings SA at COP12,250 (US$6.75) each in an offering from which it expects to receive about US$1.1bn. Cemex said it priced 170.4 million shares in the unit, which is listed on the Colombian stock exchange. Of the total shares, 148.2 million shares were sold in a public offering to investors in Colombia and in a private placement to eligible investors outside Colombia. Another 22.2 million shares are subject to... |
New order for Gebr Pfeiffer in Colombia01 November 2012, Published under Cement NewsCementos Tequendama has ordered an MPS 140 BK coal mill coal mill from Gebr Pfeiffer, Inc, a subsidiary of Gebr Pfeiffer SE. Cementos Tequendama’s plant is located in the outskirts of Suesca, Cundinamarca, Colombia (located approximately one hour north of Bogota). Currently, the plant currently has a production capacity of 300,000tpa. The new vertical roller mill ordered from Gebr Pfeiffer is part of Cementos Tequendama's expansion plan to increase overall production at the plant. Other g... |
Cemex launches Latam IPO, Colombia30 October 2012, Published under Cement NewsCemex officially launched on Monday the Colombian initial public offering of its Latin American unit, with books open from 29 October to 6 November, the company said. Cemex has set a range of between COP11,000 and 13,500 (US$6.03-7.40) per share for the offering of about 24 per cent of its Cemex Latam Holdings unit. The minimum amount of shares it will offer will be 50 million, it said in a notice printed in Colombian media. The IPO could raise nearly US$1bn dollars. Cemex Latam Holdings,... |
Keeping pace with demand26 October 2012, Published under Cement NewsUpdates this week from the Latin American cement sectors of Colombia, Bolivia and Peru show buoyant market conditions prevail and some local producers are expanding capacities to capture a greater share of market growth. Colombia Earlier this week, Cementos Argos reported that it has seen a continued upward trend in its domestic market of Colombia where current economic growth forecasts, the recovery of the sovereign-grade investment and government infrastructure projects point to a po... |