Cement News tagged under: Colombia

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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...

ThyssenKrupp wins order from Cementos Argos

22 October 2015, Published under Cement News

ThyssenKrupp Industrial Solutions has received an order to build a 4300tpd clinker production line for Cementos Argos in Sogamoso, Boyacá province, Colombia. The contract is worth around EUR100m. The scope of supply includes all components for clinker production as well as quality assurance and monitoring systems. Start up of the line is planned for the end of 2017. Core components The main components are a 1200tph primary crusher for limestone, a 500tph secondary crusher for raw materia...

Colombian cement consumption rises 8.6% YoY in August

02 October 2015, Published under Cement News

Colombia’s cement market expanded by 8.6 per cent YoY in August to 1.108Mt on the back of increased demand from construction companies and contractors (+21.4 per cent) and ready-mix firms (+9.7 per cent) which accounted for 6.3 percentage points of the increase, according to national statistics office DANE. Key growth areas during the month were Cesar (+35.2 per cent), Nariño (+26.2 per cent) and Valle del Cauca (+13.2 pe cent). Greater Bogotá, Atlántico and Bolívar noted a rise in demand...

Cementos Molins to enter Colombian market

01 October 2015, Published under Cement News

Cementos Molins has signed an agreement to enter the Colombian cement market with local home and construction specialist Corona. The Spanish cement producer plans to build a EUR335m cement works in Antioquia. The plant will have a capacity of 1.35Mta and is scheduled to come online in mid-2018. The production facility will provide 220 direct and 250 indirect jobs during operation and an average of 800 jobs during the construction phase, according to local press reports.

Colombian market expands 8.8% in July

23 September 2015, Published under Cement News

Growth in Colombian cement demand continues as dispatches increased 8.8 per cent YoY to 1.152Mt, according to DANE, the country's statistics office. Key markets were Antioquia (15 per cent of total demand), Bogota (13.4 per cent) and Cundinamarca (9.2 per cent). Output edged up 3.1 per cent to 1.111Mt. Some 65 per cent of dispatches is bagged cement with bulk deliveries taking up just over a third. In the January-July period domestic cement consumption expanded seven per cent YoY to tot...

Colombia: Cemex invests MXN1.20bn in social projects

21 September 2015, Published under Cement News

Cemex has confirmed an allocation of MXN1.20bn (US$71.27m) to social initiatives in Colombia. The company stated that part of the resources were invested in infrastructure works and admitted that it celebrates frequent meetings with community representatives to determine its environmental and social responsibility projects according to their needs. Cemex also holds an agreement with the international development cooperation society (SOCODEVI), which helps improve competitiveness of cocoa...

Cementos Argos included in the Dow Jones Sustainability Index for the third-consecutive year

11 September 2015, Published under Cement News

The Dow Jones Sustainability Index has selected Cementos Argos once again as one of the three most sustainable cement companies in the world. For the third-consecutive year, the company managed to get the score necessary to be included in the World and Emerging Markets Indices. For the economic dimension, Argos obtained the highest score in the industry, nearly doubling its average score, and being the best-placed company for aspects such as transparency, compliance and conduct, risk mana...

Cementos Argos launches brand in Puerto Rico

09 September 2015, Published under Cement News

Colombia-based cement producer Cementos Argos has completed its entry into the Puerto Rican cement market by launching its brand locally. The company is importing cement through a terminal, of which it assumed leadership since 1 May 2015. “Through this new receipt, storage and distribution terminal, we are making all of our experience, knowledge and innovation available to the local market. All of these elements together, in combination with our personalised technical advice and industrial ...