Cement News tagged under: Colombia

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LafargeHolcim enhances green solutions in Latin America

25 November 2020, Published under Cement News

LafargeHolcim is launching its ECOPact green concrete in Latin America, starting in Ecuador, Colombia and Mexico, with all key markets due to follow in the first half of 2021. The roll-out of ECOPact, which enables carbon-neutral construction, builds on its successful market adoption across Europe, the US and Canada, according to the company.   Accelerating its green building solutions in Latin America, the company also plans to introduce an EcoLabel to transparently communicate the environm...

Cementos Argos recognised as a world reference in sustainability

16 November 2020, Published under Cement News

For 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 3Q20

13 November 2020, Published under Cement News

Argos (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 ...

Colombian cement consumption up 5% in September

05 November 2020, Published under Cement News

Cement dispatches in Colombia increased to 1.131Mt in September 2020, up 4.9 per cent from 1.078Mt in September 2019, according to DANE, the national statistics office. Output from the country’s cement plants was up 4.9 per cent to 1.148Mt when compared with September 2019, when production reached 1.094Mt. January-September 2020 Dispatches in the first nine months of 2020 reached 7.889Mt, down 14.6 per cent YoY from 9.242Mt. Domestic production declined 13.6 per cent YoY to 8.268Mt fro...

Cemex Latam Holdings records net sales decline of 8% in 3Q20

29 October 2020, Published under Cement News

Cemex Latam Holdings announced that its consolidated net sales declined by eight per cent in 3Q20 and EBITDA improved by 19 per cent compared to 3Q19. A controlling interest net loss of US$109m was recorded during the 3Q20. Operating EBITDA in Colombia reached US$28m, 59 per cent higher on a like-to-like basis compared to 3Q19. Net sales rose by one per cent to US$115m on a like-to-like basis compared to 3Q19. In Panama operating EBITDA reached US$1m up 54 per cent compared with 3Q19. ...

Establishing a reliable AF supply

27 October 2020, Published under Cement News

Cement companies are increasingly implementing alternative fuel (AF) programmes to reduce fuel costs at their plants and contribute to sustainability. Often a key challenge, particularly in developing countries, lies in establishing a reliable AF supply chain. Argos discusses the challenges that it faced when introducing AFs at its Colombian plants. By Argos, Colombia. In the last four years, Argos has been entering the AF market in Colombia One of the greatest challenges for...

Colombian cement market contracts 4% in August

06 October 2020, Published under Cement News

Cement dispatches in Colombia slipped 4.3 per cent to 1.052Mt in August 2020 from 1.099Mt in August 2019, according to the country’s statistics office, DANE. The fall in consumption was mainly driven by an 18 per cent drop in the offtake by ready-mix concrete companies, also reflected by a 11.8 per cent decrease in bulk dispatches. Bagged sales slipped by 0.7 per cent, driven by a 13.1 per cent decline in sales to the construction and contractors segment. Sales to the retail sector edged u...

Cemex España seeks authorisation for Cemex Latam public offering

08 September 2020, Published under Cement News

Cemex España has requested the authorisation of the Financial Superintendency of Colombia (SFC) to begin a public offering of every ordinary and outstanding share of Cemex Latam registered in the National Register of Securities and Issuers of Colombia and the Colombian Securities Exchange. The public offering is expected to be addressed to all Cemex Latam shareholders, with the exception of those owned by Cemex España or Cemex Latam. The bid review is estimated to take between 2-4 weeks. ...

Argos supplies Túnel de la Línea mega-project in Colombia

04 September 2020, Published under Cement News

Colombia-based Argos has supplied up to 0.7Mm 3 of specialised and high-resistance ready-mix concrete and more than 220,000t of cement for the Túnel de la Línea. To supply the project in real-time the company has installed five plants on site. “We are proud to have participated as allies in the construction of this mega-work that represents a great milestone for the infrastructure of our country and Latin America. This was a project that represented great logistical and technical challenge...

Cement demand in Colombia slips 2% in July

01 September 2020, Published under Cement News

Cement dispatches in Colombia fell 1.8 per cent YoY to 1.093Mt in July 2020 from 1.113Mt in July 2019, according to the country’s statistics office, DANE. Offtake by ready-mix concrete companies declined 17.5 per cent, but retail sales were up 6.5 per cent when compared with July 2019. Sales to building companies and contractors were down 7.8 per cent YoY. The largest reduction in sales took place in Bogotá, where the market contracted by 23.9 per cent while in Cundinamarca consumption fel...