Cement News tagged under: Colombia

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Argos reports 11% rise in revenues in 2019

23 March 2020, Published under Cement News

On a consolidated basis, Colombia-based cement producer Argos reported an 11.4 per cent increase in revenues and a 14.3 per cent increase in EBITDA during 2019. The year ended satisfactorily with advances of 11.4 per cent in revenues and 14.3 per cent in EBITDA. Operations in the USA saw significant volume growth and prices in Colombia and the Caribbean recovered. The Central America region maintains conjunctural difficulties in Honduras and Panama, which was offset to some extent by the ...

Cementos Argos installs solar power unit in Honduras

12 March 2020, Published under Cement News

Colombia’s Celsia CV (Grupo Argos) has installed a 10.6MW solar plant at Cementos Argos’ facility in Comayagua, Honduras. The unit consists of 32,160 solar panels and will be able to meet 20 per cent of the cement plant's electrical demand. As a result, Cementos Argos should be able to avoid some 10,000tpa of CO 2 emissions. The project is Celsia’s first photovoltaic plant in Honduras.

Colombian cement market expands 9% in January

05 March 2020, Published under Cement News

Cement dispatches in Colombia increased by 8.5 per cent YoY to 995,400t in January 2020 from 917,100t in January 2019, according the country’s statistics office, DANE. Shipments to the retail segment advanced by 12.1 per cent YoY while construction companies and contractors increased their offtake by 3.9 per cent in 1M20. However, there was a decline in ready-mix companies and pre-manufactured products sales of 1.8 and 2.9 per cent, respectively. Sales of bagged cement in January 2020 in...

Cementos Argos sees 11% rise in revenue for 2019

25 February 2020, Published under Cement News

Colombia’s Cementos Argos saw a 11.4 per cent YoY rise in consolidated revenue to COP9.3trn (US$2.71bn) in 2019. EBITDA increased 14.3 per cent YoY to COP1.75trn, while its operating income advanced 1.7 per cent to over COP838bn. However, the company's net profit declined 31.7 per cent to COP122bn from COP179bn in 2018. The fall was attributed to a US$9m US tax provision relating to its successful asset divestment plan, according to a press release. Cementos Argos dispatched 16Mt of cemen...

Argos celebrates launch of green cement at Rioclaro

17 February 2020, Published under Cement News

Cementos Argos' Rioclaro plant has started its new 0.45Mta calcined clay production line involving an investement of US$78m investment for the manufacture and distribution of green cement. In this process, the use of clinker is reduced thanks to the incorporation of calcined clays (artificial pozzolan). During the production process, CO 2 emissions are reduced by up to 38 per cent and energy consumption lowered by 30 per cent.   "With this project, we are leading the industry and sowi...

Cemex Colombia extends O&M contract with Wärtsilä

13 February 2020, Published under Cement News

Cemex Colombia has awarded Wärtsilä the four-year extension to the operation and maintenance (O&M), marking a 25-year continuous partnership by 2023. The 26MW Caracolito Cemex power plant operates on five Wärtsilä 18-cylinder 34SG engines in V-configuration running on natural gas. It provides a reliable electricity supply to power the cement facility’s day-to-day production requirements. In addition to reliability, Wärtsilä’s continued O&M services ensure, among other things, optimised and...

Argos recycled more than 1m bags in Colombia

10 February 2020, Published under Cement News

Colombia-based cement producer Argos recycled more than one million bags of cement last year, thanks to the Green Sacks Programme, which sees a more sustainable production line. “Between 2013, the start date of the programme, and 2019, we have recycled 808t of paper thanks to the return of more than five million bags, thus avoiding the cutting down of more than 8000 trees and saving about 64,000m3 of water, equivalent to 26 Olympic swimming pools,” said David Restrepo, the company’s supply...

Colombian cement market expands 11% in December

05 February 2020, Published under Cement News

Colombian grey cement dispatches advanced 10.9 per cent to 1.079Mt in December 2019 from 0.973Mt a year earlier, according to the country’s statistics office, DANE. Output of grey cement in domestic plants increased 9.3 per cent YoY to 1.191Mt in December 2019 from 1.089Mt. Full-year 2019 In the January-December 2019 period domestic dispatches of grey cement rose by 4.2 per cent YoY to 12.515Mt, from 12.010Mt in 2018. Growth was particularly strong at retail level and in the ready-mix ...

Colombian cement dispatches up 2% in November

03 January 2020, Published under Cement News

Domestic dispatches in Colombia edged up 1.8 per cent to 1.083Mt in November 2019 from 1.065Mt in November 2018, according to the country’s statistics office, DANE. Colombian cement plants produced 1.113Mt of cement in November 2019, up 1.7 per cent when compared with 1.094Mt in November 2018. January-November 2019 Between January and November 2019, cement dispatches totalled 11.436Mt, which represents a 3.6 per cent rise when compared with the year-ago period, when dispatches reached 11...

Ultracem takes seven per cent of Honduran market

17 December 2019, Published under Cement News

Honduras’ third cement producer Ultracem has gained seven per cent market share in its first year of operations, according to La Tribune. The Colombia-based producer has focussed its entry into Honduras on the north and central regions of the country. Ultracem Honduras manager, Ismael Ballestas, said that the company’s entry had a price-regulating effect on the market and that the company is increasingly positioning itself in the market. “We have exceeded the growth expectations we had ...