Cement News tagged under: Colombia

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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...

Colombia's cement market expands 6% in Feb 2016

31 March 2016, Published under Cement News

Colombia's cement consumption in February rose by 6.1 per cent YoY to 1.046Mt from 0.987Mt the previous year, according to the country's statistics office, DANE. Building companies and contractors supported this rise in particular as they bought 15.2 per cent more cement than in February 2014. Ready-mix companies increased their off take by seven per cent while retail saw a 3.3 per cent advance in volumes. In terms of departments, Atlantic saw the largest rises in demand by 22 per cent,...

Cementos Argos

02 March 2016, Published under Cement News

The final quarter of 2015 saw Cementos Argos record 54 per cent growth in consolidated revenue to COP2.2trn (US$658.2m) while EBITDA jumped by 123 per cent YoY to COP409bn, representing an EBITDA margin of 19 per cent. Cement volumes for the quarter increased by 13 per cent to 3.6Mt and ready-mixed concrete volumes grew by three per cent to 2.9Mm 3 . According to the company, the growth in revenue was attributed to increased volumes in most areas, structural improvements in efficiencies and ...

Colombia: dispatches up 12.5% in December 2015

01 February 2016, Published under Cement News

Cement deliveries in Colombia rose by 12.5 per cent YoY to 1.107Mt in December 2015, according to the latest data by the country’s statistics office, DANE. Construction companies and contractors mainly fuelled the increase as their segment expanded by 27.9 per cent. Grey cement production reached 1.210Mt, up 7.2 per cent when compared with December 2014. Domestic deliveries increased by seven per cent YoY in 2015 to reach 12.807Mt. Output by the country’s cement producers rose by 6.2 ...

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...

Colombia’s cement market expands 7% in Oct 2015

27 November 2015, Published under Cement News

Colombian cement consumption rose seven per cent to 1,161,601t in October, according to the latest figures by DANE, the country’s statistics office. Production increased 12.8 per cent YoY from 1,072,942t in October 2014 to 1,210,370t in October 2015. In the Jan-Oct period, domestic cement consumption increased 6.9 per cent to 10.632Mt. Output during the first 10 months has advanced 6.4 per cent to 10.839Mt.

Colombia: Argos 3Q15 profits jump 63% YoY

23 November 2015, Published under Cement News

Cementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a 15 per cent rise. For the nine-month period ended September, total cement sales reach 10.7Mt, reflecting an increase of 14 per cent when compared with 9M14. Argos concrete sales, which were particularly successful in the US and Colombia, advanced seven per cent to 9Mm3 in the quarter and five per cent in the first nin...

Jorge Mario Velásquez appointed new Grupo Argos CEO

11 November 2015, Published under Cement News

Grupo Argos’ Board of Directors unanimously appointed Jorge Mario Velásquez as its new CEO, effective March 2016 following the retirement of incumbent chief, José Alberto Vélez.   The selection process was headed by the Committee of Appointments and Retributions of the Board of Directors, mainly formed by independent members, and was supported by a firm specialised in selection of directive staff.   Mr Velásquez (pictured right) has a BSc in Civil Engineering from Escuela de Ingenierías de...

Colombia sees 5.2% market expansion in September

30 October 2015, Published under Cement News

Colombia’s cement demand expanded by 5.2 per cent YoY in September 2015 to reach 1.143Mt on the back of a strong performance in the contractor and ready-mix sectors, which noted a rise in cement consumption of 25.9 and 13.3 per cent, respectively. In terms of provinces, Meta recorded the highest increase in demand with a 33.7 per cent advance, followed by Atlántico (+18.8 per cent) and Boyacá (+16.1 per cent). Greater Bogota saw its market expand by eight per cent YoY. Cement product...