Cement News tagged under: Colombia
CEMEX utilises by-pass dust for agricultural use26 October 2023, Published under Cement NewsCEMEX and waste management company Silverwoods are utilising by-pass dust (BPD) from the CEMEX Rugby cement plant for agricultural purposes, supporting the circular economy. Since 2015 nearly 130,000t of BPD have been recovered through the partnership. BPD is ideal for use on farmland due to its high potassium and lime content, meaning it can provide a direct sustainable replacement for traditional fertilisers and lime. Additionally, by re-using BPD, CEMEX has been able to dramatically ... |
Protecting natural water resources in the cement sector16 October 2023, Published under Cement NewsAt the Santa Rosa cement plant in Colombia, CEMEX has adopted a sustainable approach to its production process. Instead of relying on water from the Teusacá River, the plant utilises rainwater and surface run-off, employing water treatment and recirculation systems. This approach has allowed the plant to reduce its freshwater consumption by 100 per cent, actively contributing to the preservation of our planet’s most valuable resource. By Angie Milena Espinosa Alfaro, CEMEX, Colombia. ... |
Colombian cement market contracts 7% in August16 October 2023, Published under Cement NewsCement consumption in Colombia declined 7.3 per cent to 1.103Mt in August 2023 from 1.19Mt in August 2022, according to the national statistics office, DANE. Contributing to this overall trend, bulk sales were down 9.6 per cent YoY while bagged cement sales decreased by 6.2 per cent YoY. The drop was led by the building companies and contractors segment, which reduced their off-take by 19.9 per cent YoY during the period, while concrete companies reported a 5.9 per cent drop in requireme... |
Colombia’s cement market contracts 7% in July11 September 2023, Published under Cement NewsCement consumption in Colombia declined 6.5 per cent YoY to 1.052Mt in July 2023 when compared with 1.125Mt in July 2022, according to the country’s statistics office, DANE. In July 2023 sales to construction companies and contractors dropped by 14.6 per cent YoY, while sales to ready-mix concrete companies edged up by 0.3 per cent YoY. The retail sector’s off-take was down by 5.8 per cent YoY. Bagged cement sales declined by 7.3 per cent YoY in July 2023 while sales of bulk cement saw a... |
Argos MD forecasts further investments in the USA and Caribbean05 September 2023, Published under Cement NewsJuan Esteban Calle, MD of Argos SA has revealed that the company is looking to invest in the USA and nearby markets to increase imports. “In the United States, we are making a significant investment in a port in Houston, which will help increase imports,” said Mr Calle. “We are also making other relevant investments in two plants that will allow us to increase our capacity in West Virginia and South Carolina, with an additional 450,000t for the domestic market. “Furthermore, we have ... |
Argos reports a 26% EBITDA growth in 1H2310 August 2023, Published under Cement NewsArgos (Group Argos) had a solid operating period in the 1H23 recording an EBITDA of US$278m, an increase of 26 per cent and a sales rise of eight per cent or US$1.5bn. During the accounting period, Argos shipped 7.9Mt of cement, a contraction of 2.7 per cent when compared with the 1H22 and 3.5Mm 3 of concrete, down 6.5 per cent on the 1H23. This was caused mainly by the higher number of rainy days in the USA, the slowdown in house building in Colombia and by the difficult social and po... |
Colombian cement dispatches decline 8% in June09 August 2023, Published under Cement NewsColombia cement dispatches were down 7.5 per cent to 1.033Mt in June 2023 when compared with 1.117Mt in June 2022, according to the country’s statistics agency, DANE. Output from domestic producers fell 6.1 per cent YoY to 1.117Mt in June 2023 when compared with 1.189Mt ion June 2022. First half of 2023 In the January-June 2023 period consumption declined by 5.1 per cent YoY to 6.297Mt from 6.638Mt in the first half of 2022. Domestic production decreased by four per cent YoY to 6.886M... |
Argos receives US$272m sustainability-linked loan26 July 2023, Published under Cement NewsColombia’s Banco de Bogotá has disbursed a US$272m sustainability-linked loan to Cementos Argos . The agreement allows a gradual reduction in interest rate subject to the cement producer’s compliance with two environmental indicators: net specific CO 2 emissions and a supplier sustainability assessment. The loan has a repayment term of 60 months with a 24-month grace period. Under the conditions of the loan, the cement company must reduce its Scope 1 net specific CO 2 emissions to 523kg... |
Colombian cement consumption up 2% in May11 July 2023, Published under Cement NewsColombia’s cement market expanded by 2.1 per cent YoY to 1.126Mt in May 2023 from 1.104Mt in May 2022, according to DANE, the country’s statistics office. Sales to ready-mix concrete companies were up 5.8 per cent YoY while retail sales increased by 5.3 per cent YoY in May 2023. However, off-take by construction companies and contractors declined by 12.6 per cent in May 2023 when compared with the year-ago period. Domestic cement production slipped by 1.1 per cent to 1.237Mt in may 2023 w... |
Colombian grey cement market contracts 9% in April07 June 2023, Published under Cement NewsGrey cement dispatches in Colombia declined 9.3 per cent YoY to 0.987Mt in April 2023 from 1.089Mt in April 2022, according to the country’s statistics agency, DANE. Bulk cement sales were down 5.6 per cent YoY while bagged sales saw an 11.1 per cent drop. Construction companies and contractors represented the largest contraction, by 19.9 per cent YoY, followed by the retail sector, where sales were down 9.1 per cent. Ready-mix concrete companies reduced their off take by 2.4 per cent YoY. ... |