Cement News tagged under: Colombia

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Cemex Colombia investigates alternative power sources

17 June 2014, Published under Cement News

Cemex is interested in landfill biogas, wind and solar energy sources in Colombia and evaluates projects of US$50m (EUR36.9m) for the next five years, Colombian daily El Tiempo said last week. Cemex wants to guarantee 100 per cent of its power supply in the country, compared to 65 per cent now. The Mexican multinational currently operates three small hydroelectric stations in Colombia and a gas-fired plant with a capacity to produce 210GWh a year in Colombia's Junin, Bucaramanga and Ibague...

Colombian April demand increases 4.3%

04 June 2014, Published under Cement News

The Colombian cement market expanded by 4.3 per cent YoY in April 2014 as 0.957Mt were delivered to domestic customers, according to the latest report from national statistics office, Dane. Major dispatch growth was noted in Norte de Santander (35.3 per cent), Huila (18 per cent), Bolívar (10.3 per cent) and Antioquia (6.5 per cent). Córdoba’s cement consumption fell by 30.1 per cent. Grey cement production reached 1.0289Mt in April, registering a 15.9 per cent YoY increase. The rise has...

Colombia’s 2013 grey cement production reaches 11.2Mta

27 May 2014, Published under Cement News

Around 11.2Mta of grey cement was produced in Colombia in 2013, mainly due to a boost in the market from social housing construction, according to DANE, the national statistics office. “It was a very good year in dispatches and production, driven by buildings and infrastructure,” said Sandra Forero Ramirez, president of the Colombian Chamber of Construction (Camacol). In addition, the retail channel also pushed figures up as housing and self-construction improved. Of the principal cem...

Colombia’s cement producers raise output by 16% in March 2014

02 May 2014, Published under Cement News

Colombia’s cement production rose in March 2014 by 16 per cent, particularly in Cundinamarca (+35 per cent), Antioquia (+33.3 per cent), Bogotá (+22 per cent) and Valle del Cauca (+26 per cent). These latest advances in output see first-quarter 2014 cement production increase by 9.8 per cent, underlining previous expectations that the construction sector is contributing significantly to the country’s economic growth.

Cemex LatAm Holdings sees growing cement shipments in Colombia

30 April 2014, Published under Cement News

Cemex Latin American Holdings' turnover increased by 10.3 per cent in first quarter of the year to US$422.8m, but the EBITDA was just 0.2 per cent ahead at US$141m. The increase at the trading level was 2.4 per cent to US$118.1m. After a net interest charge 17 per cent lower at US$24.4m, the pretax profit did improve by 13.3 per cent to US$94.3m and the net attributable profit more than doubled to US$54.6m. Net debt at the end of March was 18.5 per cent lower than a year earlier at US$123...

Solid first quarter for Cementos Argos

28 April 2014, Published under Cement News

Cementos Argos posted first-quarter net income of US$39m, up 51.7 per cent compared to the first quarter 2013. The company attributed the increase in net income in part to the inclusion of the results from a recently acquired operation in Honduras, as well as 24 days of results from new assets in Florida, company representatives explained during an investor's conference call. “The significant increase of our profitability across all of the company’s three regional divisions, the still i...

Cemex delivers 640 new homes as part of Colombian affordable housing initiative

17 April 2014, Published under Cement News

Cemex announced Tuesday that it has completed 640 apartments in Colombia as part of a 3000-unit urbanisation project being undertaken by the company in collaboration with the country's government. The full project comprises 3,000 apartments divided into 96 towers of four stories each. The complexes will include recreational and green areas. The paving for the complex will be done with concrete also provided by Cemex. Colombian Housing Minister Luis Felipe Henao was present to inaugurate th...

Colombian demand grows 12% in February

01 April 2014, Published under Cement News

Colombian cement demand expanded by 11.7 per cent in February 2014 compared to the previous year with dispatches reaching 924,000t, according to the statistics office, Dane. Major growth was recorded in Antioquia, Cundinamarca, Magdalena, Norte de Santander y Cauca. Cement production rose to 907,800t, up 10.2 per cent when compared with the same month a year ago. In the year ending February 2014, deliveries advanced by five per cent YoY to 10.972Mt. Output from Colombia’s cement plant...

Argos Board approves US$50m loan

31 March 2014, Published under Cement News

The board of Colombia’s Argos Group has approved a US$50m loan with the Bank of Bogotá and Miami Agency. The 180-day credit was extended to cover operating cash flow needs.

Cementos Argos

27 March 2014, Published under Cement News

Earlier this month Cementos Argos increased the price of cement by HNL8 (US$0.42)/bag taking a 42.5kg bag of Piedra Azul cement to HNL168 (US$8.63). The price had previously been frozen at HNL160 (US$8.21). “We have been meeting with executives from Argos, after more than a month-and-a-half of analysis costs we believe that the company has had significant increases in the structure of its business operations and is able to request that the freeze be suspended,” says Alden Rivera, minister...