Cement News tagged under: Colombia

RSS feed

Argos achieves revenues of COP2.1trn in 2Q20

06 August 2020, Published under Cement News

From April to June 2020, Argos, part of Grupo Argos, reported revenues of COP2.1trn (US$553.5m), which represents a contraction of 9.1 per cent compared to the same quarter of last year. These figures were caused in part by lower volumes associated with lockdowns and the mandatory closings of operations in many markets. Argos partially offset the decrease in volumes thanks to the resilience of the construction industry in the USA and the exchange rate of the Colombian peso, which continued...

Colombian cement market contracts 8% in June

03 August 2020, Published under Cement News

Colombian cement dispatches fell 7.6 per cent to 0.905Mt in June 2020 when compared with 0.979Mt in June 2019, according to data provided by the country’s statistical office, DANE. Sales of bagged cement fell 3.1 per cent YoY while bulk cement deliveries were down 16.8 per cent in June 2020. Ready-mix concrete companies reduced their offtake by 22.4 per cent YoY while deliveries to building companies and contractors fell by 12.6 per cent. The retail sector reported a sales increase of one ...

Argos delivers masks and biosafety kits

17 July 2020, Published under Cement News

Argos has been delivering 23,000 face masks to construction and hardware customers throughout Colombia as well as biosafety kits to business customers. The biosafety kits consist of thermometers and floor charts, for social distancing, and a digital application to monitor health conditions at points of sale to prevent the spread of COVID-19. "At Argos we have the firm intention of being the best allies to our customers," said Tomás Restrepo, vice president of Argos Colombia region.

Argos makes top 5 in FTSE4Good World Index for corporate governance in construction sector

03 July 2020, Published under Cement News

Argos has been chosen as one of the top five companies in the world in the construction materials sector with the best corporate governance, environmental and social management practices, by the FTSE4Good World Index. "We are very proud to receive this recognition that highlights our teamwork and the great achievements we have obtained as a company in managing sustainability and creating value," said Maria Isabel Echeverri, legal and sustainability vice president at Argos.

Colombian cement demand declines 33% in May

02 July 2020, Published under Cement News

Domestic dispatches of grey cement in Colombia fell by 33.1 per cent to 705,900t in May 2020 when compared with May 2019, when they stood at 1.055Mt, according to the country’s statistics office, DANE. Ready-mix companies represented the largest drop as their offtake declined by 52.5 per cent YoY, followed by the concrete products segment, which contracted by 46.6 per cent. Building companies and contractors reduced their purchases by 36.7 per cent while the retail sector reduced its consu...

Colombian cement market contracts 76% in April

02 June 2020, Published under Cement News

Dispatches of grey cement in Colombia declined 75.6 per cent to 241,900t in April 2020 from 991,100t in April 2019, according to the national statistics office, DANE. Consumption in some of the country’s key cement markets were particularly hit. Sales in Antioquia were down 13.3 per cent, followed by Bogotá (-9.8 per cent), Cundinamarca (-6.8 per cent) and Valle del Cauca (-6.5 per cent) Deliveries to the retail sector fell by 64.5 per cent, while ready-mix concrete companies reduced thei...

Colombia: market in transition

18 May 2020, Published under Cement News

Following a poor performance in recent years, the Colombian cement sector seems to be on the cusp of a new era. Although the impact of the coronavirus pandemic is yet to be understood, a steady pipeline of construction projects over the next few years should support rising cement prices and a positive cement demand forecast, argues Bancolombia. By Jairo Julian Aquedelo Restrepo, Bancolombia, Colombia. Ecocementos is Colombia’s newest cement market entrant having started operations in ...

Automation at Caracolito

12 May 2020, Published under Cement News

Integrating collective knowledge and suggestions for improvements by end users form the basis of CEMEX’s drive to advance operational excellence at its plant in Caracolito, Colombia. The plant’s Line 2 was the focus for the design and implementation of a new control platform that could be fully adapted to user needs as well as allow for greater efficiency and productivity. By CEMEX, Colombia. Cemex Colombia has improved its efficiency and productivity at Line 2 of its Caracolito plant...

Argos records revenues of COP2.2trn in 1Q20

06 May 2020, Published under Cement News

In the first three months of 2020, Argos (Grupo Argos) reported revenues of COP2.2trn (US$5.6bn), a figure that remains stable when compared to 2019. EBITDA, including the effect of IFRS16, was COP343bn, decreasing one per cent when compared to the same quarter of the previous year. During the period, the total volume of cement dispatched reached 3.6Mt, down 6.1 per cent, and ready-mix volumes fell 10.7 per cent to 2.1Mm 3 . "In general, the results were impacted mainly because of the clo...

Colombian cement market contracts 29% in March

04 May 2020, Published under Cement News

Cement dispatches in Colombia fell by 28.6 per cent to 739,700t in March 2020 from 1,035,800t in March 2019, according to the latest data by the country’s statistics agency, DANE. Domestic output declined 25.6 per cent YoY to 848,600t from 1,139,900t in the year-ago period. In the first quarter of 2020 deliveries contracted by 5.7 per cent to 2.759Mt from 2.926Mt in the 1Q19 while output was down 4.1 per cent YoY to 2.927Mt from 3.053Mt in the 1Q19. However, the statistics agency report...