Cement News tagged under: Colombia

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Cementos Argos’ 2Q EBITDA advances 45% YoY

28 August 2015, Published under Cement News

Cementos Argos’ consolidated EBITDA increased by 45 per cent in the second quarter of 2015, reaching COP371bn. Consolidated revenues grew 26 per cent YoY to COP1.8trn, The US regional devision recorded an EBITDA of US$35m, up 44 per cent YoY.  Net income for the quarter jumped 211 per cent to COP142bn. Year-to-date cement dispatches increased by 14 per cent to 6.8Mt while ready-mix concrete volumes rose by four per cent to 5.5Mm3. Colombia In Argos’ domestic market of Colombia, c...

Cementos Argos inaugurates Innovation Center, Colombia

27 August 2015, Published under Cement News

Cementos Argos yesterday inaugurated its Innovation Center, based at the EAFIT University, Colombia, underlining the company commitment towards productive, competitive and sustainable growth. The Innovation Center has been designed to foster a collaborative environment, making laboratories available to researchers, students and scholars from different universities to find solutions for the cement and concrete industries in terms of materials, process and applications. “We see innovation...

Cementos Argos

24 August 2015, Published under Cement News

Cementos Argos, along with Colombia’s other cement manufacturers, will be keeping a close eye on the country’s currency as the peso fell to a record low earlier this month as oil prices continued to tumble. The recent decline marks a 37 per cent slide in the currency’s value against the US dollar over the last 12 months. An almost 60 per cent drop in oil prices over the last year has prompted Colombia’s Central Bank to revise down its 2015 growth forecast for a third time and keep its lendin...

Colombia cement market expands 10.2% in June

29 July 2015, Published under Cement News

Colombia’s cement dispatches rose 10.2 per cent YoY in June to 1.0121Mt as building companies and contractors increased their demand by 25.8 per cent. Cement production reached 1.0292Mt, up 4.9 per cent when compared with June 2014. In the first half of 2015 the Colombian cement market expanded by 6.6 per cent YoY to 6.0674Mt. The departments of Nariño, Cesar and Magdalena saw the strongest growth at 62.2, 27 and 21.8 per cent, respectively. However, Bolîvar also recorded a robust advance ...

Cementos Argos begins to pay 2014 dividends

08 July 2015, Published under Cement News

Colombian cement company Cementos Argos has started paying shareholder dividends corresponding to its 2014 to profits. Common stock shareholders will receive COP44.5/share. Those with preferential shares will receive COP57.75/share. Before 2015 ends, the firm will release dividend payments of COP253.30bn (US$96.06m), from a profit of of COP291.8bn achieved in 2014. Last year's profits were 59 per cent higher than those recorded in 2013. Cementos Argos recorded sales of over COP5trn in 2...

Colombia: market expands 2.7% in May 2015

29 June 2015, Published under Cement News

Cement dispatches in Colombia increased 2.7 per cent YoY to 1.062Mt, according to the country’s statistics office, DANE. The increase is primarily the result of an 8.7 per cent rise in the construction and contractors segment, which expanded by 8.7 per cent. The largest increases, on a departmental basis, were noted in Nariño (+69.2 per cent), Bolivar (+16.3 per cent), Magdalena (+19.1 per cent) and Cesar (+18.4 per cent). In terms of production, a 5.4 per cent YoY rise was noted in Ma...

Cementos Argos

29 June 2015, Published under Cement News

Cementos Argos’ 1Q15 results have revealed a 27 per cent jump in revenue to COP1.7trn (US$630m), driven by growth in trade to the US. Consolidated EBITDA over the period advanced by 18 per cent to COP307bn (US$121m) while net profit rose 3.3 per cent. Cement dispatches improved by 18 per cent to 3.2Mt over the quarter with the Colombian market registering a 19 per cent increase to 1.5Mt. The US market, however, saw shipments rise by 39 per cent to 635,000t, while the Caribbean and Central ...

Medcem to invest in 3Mta works in north Colombia

25 June 2015, Published under Cement News

Turkish cement producer Medcem plans to built a 3Mta works in the north of Colombia, according to local press reports. The US$50m plant will be constructed in the Free Economic Zone of Puerto Brisa, near Dibulla in Guajira department. “The project represents an investment of US$50m over six years to supply the local industry in a part of Colombia where no cement factories exist,” El Economista quoted Víctor Covo, the project’s general manager as saying. The company is interested in produci...

Colombian cement market expands 4.4 % in April

29 May 2015, Published under Cement News

In April 2015 there was a 4.4 per cent YoY rise in cement dispatches in Colombia. Some 0.999Mt of grey cement reached domestic customers, according to the latest figures by the national statistics service, DANE. Nariño led the expansion seeing its sales advance by 60.7 per cent, followed by Cesar (43.8 per cent), Magdalena (34.5 per cent), Cauca (8.5 per cent) and Antioquia (7.2 per cent). Grey cement production reached 1.057Mt, a 2.7 per cent YoY increase, in April. In the first four ...

Argos reports solid start to the year

28 May 2015, Published under Cement News

Argos reported a solid first-quarter results, with a double-digit rise in cement volumes and  price recovery in both Colombia and the US. Consolidated revenues in the first quarter grew 27 per cent YoY, reaching COP1.7trn (US$669m). EBITDA was up by 18 per cent to COP307bn supported by structural improvements in al regional divisions as the group reported continuous achievements in operational efficiencies an discipline across al fronts of its organisation.  Net income for 1Q15 stood at C...