Cement News tagged under: Cementos Argos

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US performance gives Cementos Argos strong 1Q16

27 May 2016, Published under Cement News

In the 1Q16 Cementos Argos reported an income of COP2.2trn (US$720.1bn), up 334 per cent compared to the same period in 2015. EBITDA ascended to COP425bn, a 38 per cent increase, while the EBITDA margin increased 60 basic points to close at 19.2 per cent. In March the company paid two loans acquired in 2015 with Banco de Crédito del Perú, totalling COP100bn. With this transaction, Grupo Argos' debt was COP1.55trn. The US regional division had outstanding performance thanks to better ...

Cementos Argos reports 1Q16 EBITDA up 38%

13 May 2016, Published under Cement News

Cementos Argos reports that 1Q16 volumes across all regional divisions represent healthy dynamics in all the markets where the company is present, especially in the US, where cement dispatches increased 47 per cent. For the 1Q16, cement volume increased 6.4 per cent to 3.5Mt. Ready-mix sales reached 2.8Mm 3 , an increase of 10.5 per cent. “The obtained results augur us a good performance for the 2016 and confirm us that the geographic diversification, expansion and consolidation of our bu...

Colombia: Cementos Argos will process 2.5m tyres at its Bogotá plant

13 April 2016, Published under Cement News

Following an agreement with the local government of Bogotá, Colombian cement manufacturer Cementos Argos will recycle 2.5m used car tyres to fuel its cement production. According to the president of Cementos Argos, Juan Esteban Calle, the company's Planta Rioclaro factory is capable of processing 20,000tpa of tyres, which amounts to 1.5m units. Calle also added that Cementos Argos is willing to handle 65 per cent of this type of waste management in Colombia, which not only provides en...

Cementos Argos reports solid final quarter performance

25 February 2016, Published under Cement News

Cementos Argos reported a solid performance in 4Q15, with double-digit growth in consolidated revenues and a significant increase in consolidated EBITDA. The growth resulted not only from increased volumes in most regional divisions but also from a recovery in the USA group area, structural improvements in efficiencies and a well implemented price strategy, the company said. Consolidated revenues in 4Q15 rose 54 per cent compared to the same period of last year to reach COP2.2trn. EBITDA i...

FLSmidth announces new orders in the Americas

11 January 2016, Published under Cement News

FLSmidth has announced three new orders at cement plants in Canada, Colombia and Bolivia.  Lehigh Hanson Materials Ltd Lehigh Hanson Materials Ltd, owned by HeidelbergCement, has awarded a contract to FLSmidth for an OK™ 30-4 cement vertical mill to meet the increasing demand for cement in Canada. The mill will be installed at Lehigh Hanson's existing Edmonton cement plant located 13km from downtown Edmonton, Alberta. Additional scope of supply includes a cement powder cooler, related...

Cementos Argos names new CEO

03 December 2015, Published under Cement News

The Board of Directors of Cementos Argos has unanimously appointed Juan Esteban Calle as the new CEO of the company, effective 1 April 2016, replacing Jorge Mario Velasquez, who was recently elected as the new CEO of Grupo Argos. Juan Esteban Calle, new CEO of Cementos Argos, effective April 2016 The designation of Juan Esteban Calle was made by the Board of Directors of Cementos Argos, which is mostly composed by independent members. The selection process considered both, in...

Cementos Argos included in the CDLI

10 November 2015, Published under Cement News

Cementos Argos has been included in the Climate Disclosure Leadership Index (CDLI) ranking for Latin America thanks to its good practices in the field of sustainability and the quality and transparency of the information it disclosed on climate change through the Carbon Disclosure Project (CDP). The Colombian producer has been ranked number eight as a top leading Latin American company in the international program.

ThyssenKrupp wins order from Cementos Argos

22 October 2015, Published under Cement News

ThyssenKrupp Industrial Solutions has received an order to build a 4300tpd clinker production line for Cementos Argos in Sogamoso, Boyacá province, Colombia. The contract is worth around EUR100m. The scope of supply includes all components for clinker production as well as quality assurance and monitoring systems. Start up of the line is planned for the end of 2017. Core components The main components are a 1200tph primary crusher for limestone, a 500tph secondary crusher for raw materia...

Cementos Argos included in the Dow Jones Sustainability Index for the third-consecutive year

11 September 2015, Published under Cement News

The Dow Jones Sustainability Index has selected Cementos Argos once again as one of the three most sustainable cement companies in the world. For the third-consecutive year, the company managed to get the score necessary to be included in the World and Emerging Markets Indices. For the economic dimension, Argos obtained the highest score in the industry, nearly doubling its average score, and being the best-placed company for aspects such as transparency, compliance and conduct, risk mana...

Cementos Argos launches brand in Puerto Rico

09 September 2015, Published under Cement News

Colombia-based cement producer Cementos Argos has completed its entry into the Puerto Rican cement market by launching its brand locally. The company is importing cement through a terminal, of which it assumed leadership since 1 May 2015. “Through this new receipt, storage and distribution terminal, we are making all of our experience, knowledge and innovation available to the local market. All of these elements together, in combination with our personalised technical advice and industrial ...