Cement News tagged under: Cementos Argos
Cementos Argos reports 16% rise in EBITDA25 February 2021, Published under Cement NewsColombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of 2020, dispatching 3.96Mt. The rise was attributed in part to greater export activity from Cartagena ... |
Cementos Argos recognised as a world reference in sustainability16 November 2020, Published under Cement NewsFor the eighth consecutive year, Cementos Argos, was recognised by the Dow Jones Sustainability Index (DJSI) as one of the world's leading companies in the construction materials sector for its good practices in economic, environmental and social matters. "At Cementos Argos we are very excited and satisfied with this result which today makes us a world reference and demonstrates the commitment of all our employees to closing gaps and implementing good practices in social, environmenta... |
Cementos Argos' EBITDA grows 10% in 3Q2013 November 2020, Published under Cement NewsArgos (Grupo Argos) delivered satisfactory results during the third quarter, amid the COVID-19 pandemic. The company reported an improvement in EBITDA despite the impact on volumes mainly caused by hurricanes and heavy rains in the USA. During the period, consolidated shipments of cement and concrete registered a decrease of 8.4 per cent and 19.5 per cent, respectively, and of 12.7 per cent and 16.5 per cent compared to 3Q19. This decline was offset thanks to the successful execution of ... |
Central America’s resilience17 August 2020, Published under Cement NewsThe markets of Honduras, Panama, Guatemala, Belize, El Salvador, Nicaragua and Costa Rica will have to show fresh resilience in the resultant aftermath of COVID-19. Dependent on tourism and overseas remittances, central government funds will have been hit hard and economic recovery may be a protracted struggle. While Guatemala is home to Central America’s largest cement production base, accounting for 5.8Mta of capacity, it has seen imports rise in recent years like elsewhere in th... |
Cement for the future19 May 2020, Published under Cement NewsFollowing a significant investment at its Rioclaro plant in Colombia, Cementos Argos has started the production of green cement based on the thermal activation of clays. Along with an increase in alternative fuel use, the step is key in supplying the company’s domestic and export customers with sustainable and low-carbon cement. By Cementos Argos, Colombia. Following an investment of US$78m in its Rioclaro plant, Colombia, Cementos Argos will be able to produce a range of ‘green’ c... |
Cementos Argos reopening Colombian plants16 April 2020, Published under Cement NewsCementos Argos announced it will be partially reopening its operations in Colombia to supply the public works that were given the go-ahead by Decree 531 of April 2020. The Rioclaro works in Antioquia as well as a limited number of concrete plants will open, in line with health and safety guidance defined by the authorities, according to Valora Analitik. "The company is ready to scale up its operation in the country once the activity of construction of buildings and the commercialisation of... |
Grupo Argos to cut costs by nearly US$245m in 202030 March 2020, Published under Cement NewsColombia’s Grupo Argos, parent of Cementos Argos, is expected to defer investments and cut spending by nearly COP1trn (US$245m) this year, amid uncertainty about the economic impact of the coronavirus, according to Reuters. The group will postpone investments of COP700bn and cut costs by COP250bn. The measures will hit certain expansion projects, as the company looks to protect jobs and ensure its sustainability. "Today we have taken measures to postpone investments ... they haven't b... |
Cementos Argos installs solar power unit in Honduras12 March 2020, Published under Cement NewsColombia’s Celsia CV (Grupo Argos) has installed a 10.6MW solar plant at Cementos Argos’ facility in Comayagua, Honduras. The unit consists of 32,160 solar panels and will be able to meet 20 per cent of the cement plant's electrical demand. As a result, Cementos Argos should be able to avoid some 10,000tpa of CO 2 emissions. The project is Celsia’s first photovoltaic plant in Honduras. |
Cementos Argos sees 11% rise in revenue for 201925 February 2020, Published under Cement NewsColombia’s Cementos Argos saw a 11.4 per cent YoY rise in consolidated revenue to COP9.3trn (US$2.71bn) in 2019. EBITDA increased 14.3 per cent YoY to COP1.75trn, while its operating income advanced 1.7 per cent to over COP838bn. However, the company's net profit declined 31.7 per cent to COP122bn from COP179bn in 2018. The fall was attributed to a US$9m US tax provision relating to its successful asset divestment plan, according to a press release. Cementos Argos dispatched 16Mt of cemen... |
Argos celebrates launch of green cement at Rioclaro17 February 2020, Published under Cement NewsCementos Argos' Rioclaro plant has started its new 0.45Mta calcined clay production line involving an investement of US$78m investment for the manufacture and distribution of green cement. In this process, the use of clinker is reduced thanks to the incorporation of calcined clays (artificial pozzolan). During the production process, CO 2 emissions are reduced by up to 38 per cent and energy consumption lowered by 30 per cent. "With this project, we are leading the industry and sowi... |