Cement News tagged under: Colombia
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... |
Cayman Islands expands import list to counter cement shortage21 July 2021, Published under Cement NewsThe Cayman Islands has added three countries to its list of approved cement providers to help ease shortages currently being experienced by the domestic construction industry. The Customs & Border Control (Prohibited Goods) (Amendment) Order 2021 has added Colombia, Cuba and Panama as authorised countries for the purposes of importing cement. "The PACT Government is committed to supporting sustainable development, lowering construction costs and encouraging increased Caymanian home ownersh... |
Cement dispatches in Colombia up 16% in May01 July 2021, Published under Cement NewsColombian cement sales increased 15.5 per cent YoY to 815,400t in May 2021 from 705,900t in May 2020, according to the country’s statistics office, DANE. When compared with May 2019 there was a 22.7 per cent drop from 1.055Mt. The offtake by ready-mix concrete companies surged 45.6 per cent, while construction companies and contractors increased their purchases by 15.7 per cent. Sales to the retail sector edged up by 5.6 per cent. Cement production advanced 13.1 per cent to 880,4... |
Argos cement exports to the USA grow by 419%17 June 2021, Published under Cement NewsFor Argos, the Grupo Argos cement company, exports have been a key element in the process towards recuperation after the effects generated by COVID-19 and, in the first five months of the year, the cement company's exports to the USA grew by 419 per cent, from 26,000t to 135,000t. In the particular case of the USA, there has been a rebound in the demand for cement and it is estimated that this industry will grow by 2.2 per cent in 2021. It should be noted that the company has a competi... |
Colombian demand more than triples in April04 June 2021, Published under Cement NewsColombia’s grey cement market expanded by 333.5 per cent in April 2021 as demand reached 1.051Mt, according to the country’s statistics agency, DANE. In April 2020 consumption fell to 242,400t as demand contracted sharply due to the COVID-19 pandemic. Domestic cement production quadrupled to 1.236Mt in April 2021 from a low base of 198,900t in April 2020 when the industry was affected by the pandemic. January-April 2021 Cement consumption in the first four months of 2021 rebounded to 4.... |