Cement News tagged under: Colombia

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Argos wins Social Responsibility Award

02 September 2014, Published under Cement News

Argos has become the first Colombian company to win the Social Responsibility Award, by the Inter-American Federation of the Construction Industry in partnership with the Latin American Development Bank. The accolade, given every two years, seeks to highlight Latin American companies in the construction industry. An Argos press release said the award recognises companies “who create clear goals of sustainability in social, environmental and economic dimensions, who create alliances with pu...

Colombian monthly demand jumps 8.1%

29 August 2014, Published under Cement News

Colombian cement consumption increased 8.1 per cent to 1.059Mt in July 2014 when compared with the same month a year ago, according to the country's statistics office, Dane. The rise has been attributed to a stronger demand from retail outlets and concrete companies. Increases were strongest in Huila (+25.6 per cent), Bolívar (+17.3 per cent), Cundinamarca (+16.2 per cent) and Antioquia (+9.8 per cent) while Córdoba saw demand fall by 25.4 per cent. Grey cement production in Colombia t...

Cemex Latam to build new cement works

15 August 2014, Published under Cement News

Cemex Latam Holdings is to invest around US$340m in building an additional cement works in Colombia.  The new plant will be built in the Antioquia department, which is enjoying good economic growth.  The first phase will include a grinding centre and should be completed during the second quarter of next year. The second, and final, phase is scheduled for completion during the second half of 2016. When completed, it should take company's Colombian cement capacity from around 4.5Mta to j...

Argos considers acquiring Holcim and Lafarge Latin America divestments

15 August 2014, Published under Cement News

Colombia's Cementos Argos is currently looking into acquiring the assets Lafarge and Holcim are planning to sell in Latin America, particularly Mexico and Brazil. However, it has not yet finalised any negotiations. "We are firstly interested in looking at Mexico and Brazil," said José Alberto Vélez, president of the Argos Group, in the local newspaper La República. "We have been watching with interest and enthusiasm, but have nothing concrete yet." Earlier this month, Holcim and Lafarge...

Argos plans innovation centre, Colombia

01 August 2014, Published under Cement News

Cementos Argos is planning to develop an innovation centre in Colombia, covering an area of 4807m2, at a cost of COP23.70bn (US$12.73m). The centre will be carried out in partnership with the Universidad EAFIT in Medellín, where it will be located. The new facility, which will test new cement and concrete products as part of Argos' innovation drive, is expected to be completed next year.

Double-digit rise in Colombian dispatches

29 July 2014, Published under Cement News

In the first half of 2014, national cement demand in Colombia reached 5.690Mt, up 11.2 per cent when compared with the equivalent period of 2013, according to the country's statistics office, Dane. Consumption in Norte de Santander rose by 50.2 per cent, followed by Magdalena (30.8 per cent) and Huila (24 per cent), Cundinamarca (20.4 per cent), Antioquia (16.7 per cent) and Bogotá (4.7 per cent). Córdoba noted a 31.1 per cent decline in its dispatches. Domestic production advanced ...

Argos sees strong performance in US division

25 July 2014, Published under Cement News

Argos closed the first half of 2014 with an 87 per cent increase in net profit driven by acquisitions and positive market trends, most notably in the US which generated earnings in the second quarter that were almost twice the EBITDA of full year 2013 in the regional division. The company's consolidated second quarter EBITDA rose to US$142m, some 11 per cent higher than the year before. Over the first six months of the year, EBITDA reached US$272m, 12 per cent higher YoY despite non-recur...

Colombia boosts Cemex Latin American Holdings

18 July 2014, Published under Cement News

First-half turnover at Cemex Latin American Holdings improved by 6.1 per cent to US$864m while EBITDA declined by 7.5 per cent to US$283.1m. At the trading level there was a 9.5 per cent reduction to US$235.6m. After a net interest charge 19 per cent lower at US$47.6m, the pretax profit emerged 4.8 per cent lower at US$184.2m. The net attributable profit declined by 14.3 per cent to US$121.2m. Net debt at the end of June was 12.3 per cent lower than a year earlier at US$1,237m, giving...

Colombian market grows 14.7% in May

30 June 2014, Published under Cement News

Dispatches and output of cement in Colombia rose by 14.7 and 15.3 per cent, respectively in May, according to domestic statistics office, Dane. May deliveries reached 1.034Mt while production rose to 1.071Mt. Sales in Norte de Santander lead the market expansion, rising by 46.3 per cent, followed by Cundinamarca (30 per cent), Atlántico (23.8 per cent), Antioquia (20 per cent) and Bogotá (15 per cent). In the year to date, sales have increased 12.2 per cent to 4.772Mt while production r...

TCL enters Colombian market

25 June 2014, Published under Cement News

Trinidad Cement Ltd (TCL) recently imported its first load of oil-well cement into Colombia for processing in its plant at Barrancabermeja, Santander, and intends to start sales in the South American country this month.  “This first import of TCL oil-well cement into Colombia is an important step in the strategy to expand our boundaries. For TCL it also represents the ability to offer our clients product differentiation in terms of quality and price,” said Andrés Peña Vieira, strategic bu...