Cement News tagged under: Colombia

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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...

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.