Cement News tagged under: Colombia
Cementos Argos' revenues slip in 201821 February 2019, Published under Cement NewsCementos Argos has posted its full-year 2018 results and reported that cement and ready-mix volumes fell in 4Q18 by three and seven per cent, respectively. The company pointed to unfavourable weather conditions in the USA and higher electricity and fuel costs in Colombia that were only partially offset by stronger sales in the Caribbean. Full-year 2018 results Cement volumes in 2018 slipped to 16.02Mt from 16.19Mt in 2017, down -1.1 per cent. Ready-mix volumes for the full year 2018 v... |
Colombian grey cement market stable in 201831 January 2019, Published under Cement NewsDispatches in the Colombian cement market advanced 2.6 per cent to 0.973Mt in December 2018 from 0.949Mt in December 2017, according to the country’s national statistics office, DANE. Deliveries to ready-mix concretes advanced by 5.8 per cent while construction companies took delivery of an additional two per cent of grey cement when compared with December 2017. Sales in the retail sector increased by 2.2 per cent YoY. Output from Colombian cement plants rose 6.8 per cent to 1.089Mt in D... |
Cemex changes management structure16 January 2019, Published under Cement NewsCemex has announced a series of changes to its management structure which will come into force on 1 February 2019. Juan Romero Torres, current president of Cemex Mexico, has been appointed executive vice president of Global Commercial Development. This new role aims to capitalise on the progress that the company has achieved in its Customer Centricity strategy and provide it with a formal structure, according to a press release. As a result, Ricardo Naya Barba, current president of Cemex Col... |
Colombian cement market expands 4% in November04 January 2019, Published under Cement NewsDomestic dispatches of grey cement in Colombia advanced 4.3 per cent YoY to 1.065Mt in November 2017 from 1.021Mt, according to the latest data from DANE, the country’s statistics office. Increased volumes of cement were sold to the retail sector (+4.4 per cent) and ready-mix companies (+10.1 per cent). Dispatches in the key markets of Antioquia and Bogotá advanced by 5.1 and 3.8 per cent, respectively, when compared with November 2017. Meta reported a 19.1 per cent rise in deliveries whil... |
Colombian cement demand up 5% in October30 November 2018, Published under Cement NewsThe Colombian cement market expanded by 5.2 per cent to 1.083Mt in October 2018 when compared with 0.949Mt in October 2017, according to the country’s statistics office, DANE. The markets of Meta and Bolívar registered the largest increases at 26 and 19.4 per cent, respectively, but significant gains were also made in the key markets of Cundinamarca (+7.6 per cent), Antioquia (+5.6 per cent) and Bogotá (+5.4 per cent). Domestic cement production in October rose by 2.4 per cent YoY to 1.1... |
Former vice president of Cemex Colombia to appear before authorities in US29 November 2018, Published under Cement NewsThe former vice president of planning for Cemex Colombia, Édgar Ramírez, is due to appear before the FBI and a senior official of the Colombian Prosecutor's office in the USA, in relation to alleged acts of corruption by some members of the company’s leadership, according to El Tiempo. Cemex Colombia had previously released a statement noting that it had "voluntarily published the delinking of some of its executives, including Édgar Ramírez, the company's former vice president of planning,... |
Colombian cement demand stable in September16 November 2018, Published under Cement NewsCement dispatches in September 2018 increased by 0.8 per cent YoY to 1.031Mt from 1.023Mt, according to DANE, the country’s statistics office. Demand growth was led by Córdoba, where it rose by 18.3 per cent YoY, followed by Meta (+16.1 per cent) and Nariño (+12.8 per cent). Cesar and Risaralda saw consumption rise by around 5.8 per cent while Boyacá noted a 4.6 per cent increase. Antioquia also saw dispatches up, by 3.4 per cent while in Valle del Cauca and Bolivar the market expanded by ... |
Cementos Argos reports 13% rise in 3Q net income15 November 2018, Published under Cement NewsCementos Argos revenues edged up 1.1 per cent to COP2218bn (US$692.6m) in the third quarter of 2018 from COP2194bn in the 3Q17. In terms of sales volumes, the company increased its cement sales by 2.2 per cent to 4.242Mt and ready-mix concrete (RMC) volumes by 1.3 per cent to 2.699Mm 3 in the quarter, reflecting improved dynamics in all regions. The company's EBITDA increased 4.3 per cent YoY to COP425bn from COP407bn in the year-ago period while the EBITDA margin improved to 19.2 per cen... |
Colombia’s cement market expands 3% in August02 October 2018, Published under Cement NewsNational dispatches were up 2.7 per cent YoY to 1.061Mt in August 2018, according to DANE, the country’s statistics office. In August 2017, domestic deliveries reached 1.033Mt. Cement production in August 2018 increased 5.3 per cent YoY to 1.089Mt from 1.035Mt in August 2017. In the January-August 2018 period fell 1.3 per cent to 7.858Mt when compared with the year-ago period. Output from Colombia’s cement plants in the first eight months of the year slipped by 0.9 per cent YoY to 8.07... |
Argos awarded Energy Star certification20 September 2018, Published under Cement NewsCementos Argos announced it was awarded Energy Star certification by the US Environment Protection Agency for the third-consecutive year. The certification was awarded as a result of the company’s performance in terms of energy use at its Harleyville (SC), Newberry (FL) and Roberta (AL). The facilities fall within the 25 per cent top works with the best energy performance. |