Cement News tagged under: Colombia

RSS feed

Colombian cement market contracts 4% in April

31 May 2019, Published under Cement News

National cement dispatches in Colombia declined 3.9 per cent YoY to 0.991Mt in April 2019 from 1.031Mt in April 2018, according to the country’s national statistics office, DANE. The market of Magdalena noted the largest contraction at 21.6 per cent, followed by Atlántico (-13.5 per cent), Córdoba (-12.6 per cent) and Cundinamarca (-11.1 per cent). Sales in Bogotá declined by 4.9 per cent and in Valle del Cauca they were 5.7 per cent down YoY. Casanare reported a 17.5 per cent advance in o...

Dal Engineering Group wins multiple orders

16 May 2019, Published under Cement News

Dal Group has reported the signing of a number of new orders in the cement sector in Colombia, Russia, Egypt and Qatar. Dal Machinery & Design (Dal Engineering Group) has been awarded the contract for delivering two surface feeders with a capacity of 2x200tph to Cementos Argos' Rio Claro cement plant in Colombia. According to the planned schedule, the installation of two surface feeders was executed in December 2018 and they are now fully operating. Dal Machinery & Design's surface fe...

Argos' consolidated revenues rise 14% in 1Q19

14 May 2019, Published under Cement News

In the first three months of 2019, Argos reported revenues of US$693.8m, an increase of 14 per cent on 1Q18. Operating EBITDA reached US$99.39m, 3.7 per cent higher, while net profit totalled US$4.9m. Total cement volumes for Argos amounted to 3.8Mt, 4.7 per cent higher than in 1Q18, while concrete volumes rose by 2.3 per cent to 2.4Mm 3 . "These results are the reflection of a great teamwork that results in the growth of our revenues and volumes, the increase of our financial flexibility...

Colombian cement market advances 7% in March

01 May 2019, Published under Cement News

Grey cement production in Colombia increased seven per cent YoY to 1.14Mt in March 2019, according to the latest data by the country’s statistics office, DANE. Of this total, 1.044Mt was dispatched within the domestic market, an advance of 6.6 per cent when compared with March 2018. In regional terms, growth was particularly strong in Casanare (+38.6 per cent), Bolivar (+28 per cent) and Meta (+27.6 per cent) while Cesar, Boyacá, Huila and Risaralda all saw significant growth between 15-17...

Cemex receives approval for Maceo operations up to 2040

16 April 2019, Published under Cement News

Cemex has received approval from the Attorney General’s Office in Colombia to carry out mining operations at its plant in Maceo, Antioquia. The contract will last until 2040 with the option to extend it until 2050 if the company extends the duration of the mining concession. Cemex Colombia and its subsidiary Central de Mezclas will pay a lease fee of COP49m (US$16,159) to CL Calizas and Zona Franca Especial Cementera del Magdalena Medio (Zomam). This includes retroactive payments for lease...

Cementos Argos

01 April 2019, Published under Cement News

In 2018 Cementos Argos shipped 16Mt of cement and 10.3Mm 3 of concrete. This generated net income of COP291bn (US$93m) and EBITDA of COP1.54trn. The company ended the year with a net-to-debt EBITDA index of 3.7 times, compared to an index of 4.6 at the end of 2017. According to the company, a bond issue totalling COP500bn with an average life of 9.5 years, plus a new syndicated loan totalling US$600m “significantly improved the debt profile”.  In the US 5.7Mt of cement and 7Mm 3 of conc...

Colombian cement demand up 2% in February

01 April 2019, Published under Cement News

Colombia's cement market expanded by 2.1 per cent YoY in February 2019 as cement producers supplied 0.981Mt of cement, according to DANE, the country's statistics office. Cement production increased 3.1 per cent to 0.985Mt in February 2019. January-February 2019 In the first two months of 2019 domestic dispatches advanced 1.6 per cent YoY to 1.899Mt while output was up 2.7 per cent to 1.913Mt when compared with the previous year's equivalent period. The rise in domestic sales was driven...

Grupo Argos to invest COP2.6trn in subsidiaries in 2019

29 March 2019, Published under Cement News

Colombia’s Grupo Argos, parent company of Cementos Argos, has stated that it plans to invest around COP2.6trn (US$816m) in its cement, energy and construction subsidiaries this year. Cementos Argos, Celsia and Odinsa will be the focus of the spending, made possible by the increase in net profits for the group in 2018. "In the coming years we'll continue to be a relevant player in the infrastructure of the country and the continent," said Grupo Argos CEO, Jorge Mario Velasquez.

Cementos Argos dispatched 16Mt of cement in 2018

25 March 2019, Published under Cement News

Cementos Argos has released its financial figures and strategic milestones of 2018 during the shareholders' annual meeting. Cementos Argos reported a consolidated EBITDA of COP1.54bn (US$491.7m) and a growth of eight per cent. The company dispatched 16Mt of cement and 10.3Mm 3 of concrete generating income of COP8.4bn. Net income was COP178.563m in 2018. Regional summaries US cement dispatches in 2018 amounted to 5.7Mt, while concrete dispatches reached 7Mm 3 . This raised US$1.5bn inco...

Colombian market sees modest dispatch growth in January

04 March 2019, Published under Cement News

National dispatches in Colombia edged up by one per cent to 918,300t in January 2019 from 909,400t in January 2018, according to the country’s national statistics office, DANE. Ready-mix companies and the retail sector increased their off-take by 3.5 and 1.2 per cent, respectively. Bulk sales slipped 0.4 per cent YoY while bagged cement sales advanced 1.6 per cent. In terms of geographical distribution, the departments of Bolívar and Córdoba reported the largest increases with deliveries...