Cement News tagged under: Cementos Argos

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Fire put out at Martinsburg plant

27 November 2018, Published under Cement News

Cementos Argos' Martinsburg cement plant in the USA called fire units after 15.51h yesterday after what was thought to have been an explosion on the site. The 167th National Guard along with fire engines from Martinsburg, South Berkley, Bedington, Baker Heights Washington County, and Black Creek Valley fought fires for more than two hours. The fire was under control by 18.44h, but officials did not leave the site until 20.05h. There were no reported injuries.

Cementos Argos reports 13% rise in 3Q net income

15 November 2018, Published under Cement News

Cementos Argos revenues edged up 1.1 per cent to COP2218bn (US$692.6m) in the third quarter of 2018 from COP2194bn in the 3Q17. In terms of sales volumes, the company increased its cement sales by 2.2 per cent to 4.242Mt and ready-mix concrete (RMC) volumes by 1.3 per cent to 2.699Mm 3 in the quarter, reflecting improved dynamics in all regions. The company's EBITDA increased 4.3 per cent YoY to COP425bn from COP407bn in the year-ago period while the EBITDA margin improved to 19.2 per cen...

Argos awarded Energy Star certification

20 September 2018, Published under Cement News

Cementos Argos announced it was awarded Energy Star certification by the US Environment Protection Agency for the third-consecutive year. The certification was awarded as a result of the company’s performance in terms of energy use at its Harleyville (SC), Newberry (FL) and Roberta (AL). The facilities fall within the 25 per cent top works with the best energy performance.

Cementos Argos 1H results impacted by challenging Colombian market

20 August 2018, Published under Cement News

Cementos Argos released its 2Q18 results this week with revenues up by 1.4 per cent at COP2.184trn (US$726bn) from COP2.154trn in 2Q17. The 1H18 revenue amounted to COP4.092trn, down from COP4.231trn in 1H17, a fall of 3.3 per cent. EBITDA and net income were affected by the US$24m fine imposed by the Superintendence and Commerce in Colombia. 2Q18 EBITDA amounted to COP328bn, down 11.2 per cent on the COP370bn of 2Q17. Adjusted EBITDA, excluding the fine reached COP404bn in 2Q18, was up 5.9 ...

Cementos Argos 1H results impacted by challenging Colombian market

17 August 2018, Published under Cement News

Cementos Argos released its 2Q18 results this week with revenues up by 1.4 per cent at COP2.184trn (US$726bn) from COP2.154trn in 2Q17. The 1H18 revenue amounted to COP4.092trn, down from COP4.231trn in 1H17, a fall of 3.3 per cent. EBITDA and net income were affected by the US$24m fine imposed by the Superintendence and Commerce in Colombia. 2Q18 EBITDA amounted to COP328bn, down 11.2 per cent on the COP370bn of 2Q17. Adjusted EBITDA, excluding the fine reached COP404bn in 2Q18, was up 5.9 ...

Argos sees 2Q profit slide but notes improved 1H net income

14 August 2018, Published under Cement News

Colombia's cement market leader, Cementos Argos, saw revenues advance by 1.4 per cent to COP2.184trn (US$727m) in the 2Q18 from COP2.154trn in the year-ago period. Operating EBITDA fell by 11.2 per cent to COP328.3bn in 2Q18 when compared with COPCOP369.7bn in April-June 2017. In addition, Cementos Argos reported a 59.7 per cent drop in net profit to COP29.4bn in the April-June 2018 quarter, when compared to 2Q17. The company attributed the decline to a deceleration of construction markets...

Cementos Argos sees falling volumes

18 May 2018, Published under Cement News

Cementos Argos released its 1Q18 results this week , announcing revenues of COP1.9trn (US$670m), but cement sales fell by 4.1 per cent to 3.7Mt and ready-mix volumes by 7.5 per cent to 2.4Mm 3 . ICR reviews the state of Cementos Argos' regional markets and guidance going forward. The outlook for the cement and ready-mix market for the rest of the year remains positive, mainly boosted by the residential segment, which is expected to continue gaining momentum, supported by the solid fundam...

Cementos Argos USA takes out US$100m loan

26 March 2018, Published under Cement News

ING Bank NV a global financial institution, closed a US$100m loan to Argos USA LLC, a subsidiary of Cementos Argos SA on 23 March 2018. Cementos Argos, a multinational cement and concrete producer in Colombia, the United States, Central America and the Caribbean, will use the loan for corporate purposes.

CarbonCure Technologies demonstrates CO2 capture and utilisation

28 February 2018, Published under Cement News

CarbonCure Technologies claims that it has led a team of five companies to demonstrate the world's first integrated CO 2 capture and utilisation (CCU) from cement for concrete production. CO 2 emissions from the Cementos Argos' Roberta cement plant near Calera, Alabama, were captured by Sustainable Energy Solutions’ (SES) cryogenic CO 2 capture technology, transported by Praxair, Inc and reused in Argos' Glenwood (Atlanta) concrete operations equipped with CarbonCure's CO 2 utilisation ...

Cemengal wins new order from Cementos Argos in Honduras

21 February 2018, Published under Cement News

Cemengal of Spain has won an order for Cementos Argos for two Plug&Grind XL units with a production capacity of 220,000tpa each to be located in Honduras. These modular plants will consist of a 3 x 9.5m ball mill, driven by 1100kW of power, including a latest-generation classifier and a bag filter with a capacity of 50,000m 3 /h. The scope of supply also includes new cement storage silos for finished product, packaging and dispatching equipment.