Cement News tagged under: Cementos Argos

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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.

Cementos Argos sees revenues rise, but Colombia challenges income

13 February 2018, Published under Cement News

Argos reported an improvement in its revenues for 4Q17 with stable sales for the full-year 2017. While EBITDA results fell both for 4Q17 and 2017, adjustment for non-recurring severance payments and anticipated pensions took out some of the sting as adjusted EBITDA margins for 4Q17 and 2017 reached 17.8 and 17.3 per cent, respectively. However, positive dynamics in the USA and the Caribbean and Central America regions could not fully offset a more challenging home market in Colombia and the ...

Cementos Argos marks record-breaking year

08 February 2018, Published under Cement News

Cementos Argos has reported a positive domestic performance in Honduras throughout 2017. The company sold over 1.1Mt of cement in a record-breaking year, representing a 15 per cent YoY growth. The majority, 80 per cent, of Cementos Argos’ sales are generated through general use cement, according to M-Brain. Specialised structural cement accounts for 15 per cent, with white cement contributing the remaining five per cent.

New Honduras plant for Cementos Argos

02 February 2018, Published under Cement News

Cementos Argos has announced plans to build a new cement plant in Choloma, Honduras. The new grinding centre, with a production capacity of 0.44Mta, is expected to be commissioned by the end of the year. "We chose this location because it is an industrial municipality and that facilitates the arrival of new investments," said Gustavo Uribe, general manager of Argos Honduras.   Cementos Argos plans to invest around HNL500m (US$21.2m) and boost production capacity by 30 ...