Cement News tagged under: Colombia

RSS feed

Colombia market expands 1% YoY in Sep 2017

14 November 2017, Published under Cement News

Domestic grey cement deliveries by Colombian cement producers in September 2017 reached 1.023Mt, up 0.8 per cent YoY and an improvement when compared the 11.2 per cent fall to 1.015Mt reported in September 2016, according to Colombia’s statistics office, DANE. Cement production in Colombia reached 1,025,600t in September 2017. This represents a 0.2 per cent rise YoY from 1,023,600t in September 2016. In terms of geographical distribution of deliveries, Nariño saw the largest increase ...

Cementos Argos raises cement volumes by 16.7% in 3Q17

13 November 2017, Published under Cement News

Cementos Argos reports in its 3Q17 results that consolidated cement volumes reached 4.2Mt, with a 16.7 per cent increase driven by positive dynamics in the company's operating regions and the consolidation of the Martinsburg plant operation. Concrete volumes decreased 6.1 per cent, due to the performance of Texas and Colombia. The adjusted EBITDA, excluding no-recurring items associated to the BEST programme, closed in COP428bn (US$143.2m), compared to COP398bn in 3Q16, with a 19.5 per...

Colombia's cement demand falls 5% in August 2017

24 October 2017, Published under Cement News

Grey cement consumption in Colombia in August 2017 reached 1.033Mt, down 5.2 per cent when compared with August 2016, according to the national statistics office, DANE. Some 68 per cent of volumes, or 702,300t, were delivered in bagged form. The country's cement producers manufactured 1.035Mt of cement in August 2017, which represents a 8.5 per cent YoY decrease. In the year to date, domestic dispatches slipped 1.3 per cent to 7.961Mt when compared to 8M16 when DANE reported dispatches...

Cemex, Holcim, Cementos Argos face cartel allegations in Colombia

16 October 2017, Published under Cement News

Cemex, Holcim and Cementos Argos have 20 days to respond to allegations of cartelisation in the Colombia’s cement market. If the evidence against the companies is found conclusive, they could be subject to fines of up to COP70bn (US$23.9m) per infraction. The investigation started in August 2013 when the Superintendency of Industry and Commerce (SIC) opened an investigation and formulated a statement of objections against Cementos Argos, Cemex, Holcim, Cementos Tequendama, Cementos San Ma...

Cemex fleet first to achieve carbon neutral certification in Colombia

13 October 2017, Published under Cement News

Cemex announced that it has received de Sello Verde de Verdad (True Green Label), granted by Colombian company Ecologic SAS, and the certification of neutralisation of transport-related GHG emissions in Colombia, issued by the Colombian Institute of Technical Standards and Certification (ICONTEC Internacional). This certification makes the cement producer the first company in the country with carbon neutral certification on its entire fleet.  “We are proud to say that Cemex’s fleet in Col...

Cemex’s Bloqueras Solidarias Program recognised in Colombia

07 September 2017, Published under Cement News

The Colombian Construction Chamber of Commerce (CAMACOL) awarded Cemex’s Bloqueras Solidarias program the Community Prize for Best Management in recognition of its efforts to help low-income families build their own homes. The CAMACOL awarded Cemex Colombia the Community Prize for Best Management in recognition of its efforts under the Bloqueras Solidarias initiative. Ricardo Naya, President of Cemex Colombia, received the award from Juan Manuel Santos, President of Colombia. Through Bloqu...

Colombia cement dispatches rise 13% YoY in July

31 August 2017, Published under Cement News

In July some 1.041Mt of grey cement were dispatched in Colombia, an increase of 12.6 per cent YoY, according DANE, the country’s statistics institute. Market expansion was the largest in Nariño where cement dispatches rose by 91.4 per cent YoY, with Caldas and Boyacá also noting considerable increases of 57.6 to 49.9 per cent, respectively. Bogotá’s market saw a 10 per cent expansion while in Antioquia dispatches were 19.7 per cent higher. Output rose 18 per cent YoY from 0.913Mt in J...

Argos sells stake in port company

16 August 2017, Published under Cement News

Grupo Argos has sold its 50 per cent stake in a port operator to an investment fund managed by Goldman Sachs for about US$136m, Grupo Argos said in a statement on Monday. Compania de Puertos Asociados SA, called Compas, moves principally coal and cement through its ports in the Andean country. Argos' stake was sold to West Street Infrastructure Partners III, which is run by Goldman Sachs, for COP407bn. The sale price is two and a half times what Grupo Argos invested in the business in...

Argos sees challenges at home

14 August 2017, Published under Cement News

Cementos Argos announced a net income of COP48bn (US$16m) for the second quarter of 2017 as the US and central America/Caribbean helped to mitigate challenging dynamics in its home market of Colombia.  Revenues were down by 1.6 per cent YoY and EBITDA fell by 15.9 per cent YoY to COP367bn. The US was the main contributor to both revenues (54 per cent) and EBITDA (47 per cent). Consolidated cement volumes increased by 17.9 per cent in the second quarter of 2017 to 4.1Mt. “The ...

Colombia sees grey cement sales slip

31 July 2017, Published under Cement News

Colombia’s cement sales slipped 1.3 per cent YoY to 0.984Mt in June 2017 when compared with the previous year, according to the country’s statistics office, DANE.  Ready-mix company offtake fell by 9.3 per cent and could not be offset by sales in the prefabricated segment, where sales increased 24.1 per cent and the building companies and contractors, which increased purchases by 1.9 per cent. Cement output in the country reached 1.003Mt, 0.9 per cent lower than in 6M16.