Cement News tagged under: Colombia

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Argos' adjusted EBITDA totals COP672bn in 4Q23

22 February 2024, Published under Cement News

For the fourth quarter of 2023, Argos ' adjusted EBITDA stood at COP676bn (US$172.2m), increasing 12   per cent compared to 4Q22. The results were driven by strong pricing dynamics, especially in the US, combined with cost efficiencies in both Colombia and the US. Adjusted EBITDA margin stood at 23.2 per cent for the quarter, increasing 393 basis points versus 2022 on a comparable basis.  In terms of volumes, total cement dispatches reached 3.8Mt, with a contraction of 2.3 per cent, caus...

Colombian cement dispatches fall to 12.9Mt in 2023

07 February 2024, Published under Cement News

Cement dispatches in Colombia slipped by 2.6 per cent to 1.093Mt in December 2023 from 1.122Mt in December 2022, according to the country’s statistics agency, DANE. Of this total, bulk deliveries declined by 5.2 per cent while bagged cement dispatches were down 1.4 per cent. While retail sales increased 2.5 per cent YoY in December 2023, ready-mix concrete companies and the construction and contractor segment reduced their off take by eight and 11.9 per cent, respectively. Output from do...

Colombia's cement market contracts 1% in November

03 January 2024, Published under Cement News

Cement dispatches in Colombia fell by 1.3 per cent YoY to 1.103Mt in November 2023 from 1.118Mt in the year-ago period, according to the country’s statistics office, DANE. Of this total, the retail sector reported a 2.5 per cent uptick, but ready-mix concrete companies reduced their off take by 4.2 per cent, and deliveries to construction companies and contractors were down by 6.1 per cent YoY. Bulk dispatches decreased by 3.7 per cent YoY while bagged cement deliveries slipped by 0.2 per ...

Colombia's cement market contracts 1% in October

08 December 2023, Published under Cement News

Cement dispatches in Colombia slipped 0.8 per cent YoY to 1.114Mt in October 2023 from 1.123Mt in October 2022, reported the country's statistics office, DANE. Of the total October 2023 dispatches, deliveries to construction companies and contractors were down seven per cent YoY, while ready-mix concrete companies reduced their off-take by 3.9 per cent. However, sales to the retail segment picked up by 2.6 per cent YoY. This was also reflected in a 0.6 per cent uptick in bagged sales while...

Argos records EBITDA of COP742bn in the 3Q23

10 November 2023, Published under Cement News

Argos reported that for the 3Q23 adjusted EBITDA stood at COP742bn (US$180.35m), increasing 25.4 per cent on a comparable basis versus 3Q22. The company's revenue in the 3Q23 slipped one per cent YoY to COP3087bn from COP3118bn in the year-ago period. The results were driven by strong pricing dynamics across all regions, combined with cost efficiencies. The adjusted EBITDA margin stood at 24 per cent for the quarter up from 19 per cent YoY. Cement dispatches reached 3.98Mt, with a contrac...

Colombia’s cement demand decreases 5% in September

08 November 2023, Published under Cement News

Cement consumption in Colombia declined 4.9 per cent to 1.131Mt in September 2023 from 1.19Mt in September 2022, according to DANE, the country’s statistics office. The Valle del Cauca market saw the largest contraction, by 18.8 per cent YoY, followed by Norte de Santander (-16.5 per cent), Caldas (-13.7 per cent) and Colima (-13.4 per cent). Meta, ear and Sucre were the only markets that showed growth – by 4.1, 2.1 and one per cent, respectively, in September 2023. Sales in the capital ma...

CEMEX utilises by-pass dust for agricultural use

26 October 2023, Published under Cement News

CEMEX and waste management company Silverwoods are utilising by-pass dust (BPD) from the CEMEX Rugby cement plant for agricultural purposes, supporting the circular economy. Since 2015 nearly 130,000t of BPD have been recovered through the partnership. BPD is ideal for use on farmland due to its high potassium and lime content, meaning it can provide a direct sustainable replacement for traditional fertilisers and lime. Additionally, by re-using BPD, CEMEX has been able to dramatically ...

Protecting natural water resources in the cement sector

16 October 2023, Published under Cement News

At the Santa Rosa cement plant in Colombia, CEMEX has adopted a sustainable approach to its production process. Instead of relying on water from the Teusacá River, the plant utilises rainwater and surface run-off, employing water treatment and recirculation systems. This approach has allowed the plant to reduce its freshwater consumption by 100 per cent, actively contributing to the preservation of our planet’s most valuable resource. By Angie Milena Espinosa Alfaro, CEMEX, Colombia. ...

Colombian cement market contracts 7% in August

16 October 2023, Published under Cement News

Cement consumption in Colombia declined 7.3 per cent to 1.103Mt in August 2023 from 1.19Mt in August 2022, according to the national statistics office, DANE. Contributing to this overall trend, bulk sales were down 9.6 per cent YoY while bagged cement sales decreased by 6.2 per cent YoY. The drop was led by the building companies and contractors segment, which reduced their off-take by 19.9 per cent YoY during the period, while concrete companies reported a 5.9 per cent drop in requireme...

Colombia’s cement market contracts 7% in July

11 September 2023, Published under Cement News

Cement consumption in Colombia declined 6.5 per cent YoY to 1.052Mt in July 2023 when compared with 1.125Mt in July 2022, according to the country’s statistics office, DANE. In July 2023 sales to construction companies and contractors dropped by 14.6 per cent YoY, while sales to ready-mix concrete companies edged up by 0.3 per cent YoY. The retail sector’s off-take was down by 5.8 per cent YoY. Bagged cement sales declined by 7.3 per cent YoY in July 2023 while sales of bulk cement saw a...