Cement News tagged under: Colombia
Colombian cement demand declines 33% in May02 July 2020, Published under Cement NewsDomestic dispatches of grey cement in Colombia fell by 33.1 per cent to 705,900t in May 2020 when compared with May 2019, when they stood at 1.055Mt, according to the country’s statistics office, DANE. Ready-mix companies represented the largest drop as their offtake declined by 52.5 per cent YoY, followed by the concrete products segment, which contracted by 46.6 per cent. Building companies and contractors reduced their purchases by 36.7 per cent while the retail sector reduced its consu... |
Colombian cement market contracts 76% in April02 June 2020, Published under Cement NewsDispatches of grey cement in Colombia declined 75.6 per cent to 241,900t in April 2020 from 991,100t in April 2019, according to the national statistics office, DANE. Consumption in some of the country’s key cement markets were particularly hit. Sales in Antioquia were down 13.3 per cent, followed by Bogotá (-9.8 per cent), Cundinamarca (-6.8 per cent) and Valle del Cauca (-6.5 per cent) Deliveries to the retail sector fell by 64.5 per cent, while ready-mix concrete companies reduced thei... |
Colombia: market in transition18 May 2020, Published under Cement NewsFollowing a poor performance in recent years, the Colombian cement sector seems to be on the cusp of a new era. Although the impact of the coronavirus pandemic is yet to be understood, a steady pipeline of construction projects over the next few years should support rising cement prices and a positive cement demand forecast, argues Bancolombia. By Jairo Julian Aquedelo Restrepo, Bancolombia, Colombia. Ecocementos is Colombia’s newest cement market entrant having started operations in ... |
Automation at Caracolito12 May 2020, Published under Cement NewsIntegrating collective knowledge and suggestions for improvements by end users form the basis of CEMEX’s drive to advance operational excellence at its plant in Caracolito, Colombia. The plant’s Line 2 was the focus for the design and implementation of a new control platform that could be fully adapted to user needs as well as allow for greater efficiency and productivity. By CEMEX, Colombia. Cemex Colombia has improved its efficiency and productivity at Line 2 of its Caracolito plant... |
Argos records revenues of COP2.2trn in 1Q2006 May 2020, Published under Cement NewsIn the first three months of 2020, Argos (Grupo Argos) reported revenues of COP2.2trn (US$5.6bn), a figure that remains stable when compared to 2019. EBITDA, including the effect of IFRS16, was COP343bn, decreasing one per cent when compared to the same quarter of the previous year. During the period, the total volume of cement dispatched reached 3.6Mt, down 6.1 per cent, and ready-mix volumes fell 10.7 per cent to 2.1Mm 3 . "In general, the results were impacted mainly because of the clo... |
Colombian cement market contracts 29% in March04 May 2020, Published under Cement NewsCement dispatches in Colombia fell by 28.6 per cent to 739,700t in March 2020 from 1,035,800t in March 2019, according to the latest data by the country’s statistics agency, DANE. Domestic output declined 25.6 per cent YoY to 848,600t from 1,139,900t in the year-ago period. In the first quarter of 2020 deliveries contracted by 5.7 per cent to 2.759Mt from 2.926Mt in the 1Q19 while output was down 4.1 per cent YoY to 2.927Mt from 3.053Mt in the 1Q19. However, the statistics agency report... |
Cementos Argos reopening Colombian plants16 April 2020, Published under Cement NewsCementos Argos announced it will be partially reopening its operations in Colombia to supply the public works that were given the go-ahead by Decree 531 of April 2020. The Rioclaro works in Antioquia as well as a limited number of concrete plants will open, in line with health and safety guidance defined by the authorities, according to Valora Analitik. "The company is ready to scale up its operation in the country once the activity of construction of buildings and the commercialisation of... |
Colombian deliveries up 5% in February03 April 2020, Published under Cement NewsCement dispatches in Colombia increased 5.3 per cent YoY to 1.025Mt in February 2020, according to the Colombian statistics office, DANE. In February 2019 dispatches reached 0.973Mt. Growth was particularly strong in the builders and contractors segment, which saw a 10.8 YoY expansion. Dispatches to the retail sector were up 3.6 per cent YoY while demand from ready-mix concrete companies was stable. Cement production advanced 5.3 per cent to 1.037Mt in February when compared with February ... |
Cemex announces temporary closures in Colombia and Panama27 March 2020, Published under Cement NewsCemex has announced that its Colombian subsidiary will temporarily suspend production from 25 March, following a decree relating to the coronavirus pandemic. Certain activities may resume on or before 13 April, if permitted. In addition, following measures implemented by the authorities in Panama, Cemex will also temporarily stop production and related activities in the country. |
Argos reports 11% rise in revenues in 201923 March 2020, Published under Cement NewsOn a consolidated basis, Colombia-based cement producer Argos reported an 11.4 per cent increase in revenues and a 14.3 per cent increase in EBITDA during 2019. The year ended satisfactorily with advances of 11.4 per cent in revenues and 14.3 per cent in EBITDA. Operations in the USA saw significant volume growth and prices in Colombia and the Caribbean recovered. The Central America region maintains conjunctural difficulties in Honduras and Panama, which was offset to some extent by the ... |