Cement News tagged under: Colombia
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... |
Argos opens new Cartagena terminal14 February 2022, Published under Cement NewsColombia-based Argos has inaugurated its new port terminal in the free zone of Cartagena, Colombia. the new terminal will triple its export capacity to 3.5Mta. The terminal can serve vessels of up to 60,000t. The company invested nearly US$42m in the new terminal, which includes a berthing platform of 152m long by 18m wide that joins the coast by a 170m-long civil walkway. It also consists of closed conveyor belts with a capacity to transport 1200tph of cement and 900tph of clinker from ... |
Colombia cement deliveries up 7% in December08 February 2022, Published under Cement NewsColombian cement sales increased by 7.6 per cent YoY to 1.135Mt in December 2021 from 1.054Mt in December 2020, according to the country’s statistics office, DANE. Of this total bulk sales were up 18.2 per cent while bagged cement saw a 3.5 per cent expansion. Sales to ready-mix concrete companies were up 17.9 per cent while retail sales grew by 5.1 per cent YoY. However, construction companies and contractors reported a 5.2 per cent decline in offtake. Output from domestic cement plants... |
Argos awarded S&P Global Gold Class Award in 2022 Sustainability Yearbook02 February 2022, Published under Cement NewsFor promoting and implementing excellent environmental, social, and corporate governance (ESG) practices and for being recognised as a world leader in sustainability in the construction materials sector by the Dow Jones Global Index, Argos , the cement company owned by Colombia-based Grupo Argos , received the Gold Class distinction in the 2022 Sustainability Yearbook awarded by S&P Global firm. This year Grupo Argos and Celsia, the group's energy business, were also recognised with g... |
Colombia's cement market expands 4% in November06 January 2022, Published under Cement NewsColombian cement demand increased four per cent YoY in November 2021 to 1.167Mt from 1.122Mt in November 2020, according to the country’s statistics office, DANE. When compared with November 2019 the market expanded by 7.7 per cent from 1.083Mt. In November 2021, bulk cement sales advanced by 11.2 per cent while bagged cement sales edged up one per cent, reflecting mainly a 12.9 per cent YoY rise in offtake by ready-mix concrete companies. Retail sales were up by 3.3 per cent YoY but constr... |
Argos set to commission new terminal23 December 2021, Published under Cement NewsArgos has invested close to US$42m for the construction of a new terminal in the free trade zone of Cartagena, Colombia. As such, it is expanding its port infrastructure and the movement of cement, clinker and other raw materials to 3.5Mta, which will triple its capacity to receive and export products. The new terminal is expected to begin operations in the first quarter of 2022. "We are extremely proud to materialise this ambitious project to expand our export capacity from Colombia and t... |
Argos announces US$23m investment in Honduran strategic projects21 December 2021, Published under Cement NewsArgos will invest US$23m in several projects to improve operations at its Honduran plants. The investment is also expected to support the country’s growth and development. The company will expand its installed capacity at Piedras Azules, Comayagua, to increase its annual cement production by 35 per cent as it forecasts accelerated market demand. Furthermore, Argos will invest in renewable energy by expanding its solar farm in Comayagua, which was opened in 2020, and currently consists of... |