Cement News tagged under: Colombia

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Colombian cement demand up 5% in October

30 November 2018, Published under Cement News

The 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 US

29 November 2018, Published under Cement News

The 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 September

16 November 2018, Published under Cement News

Cement 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 income

15 November 2018, Published under Cement News

Cementos 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 August

02 October 2018, Published under Cement News

National 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 certification

20 September 2018, Published under Cement News

Cementos 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.

Colombian cement dispatches fall 5% in July

31 August 2018, Published under Cement News

Colombian cement producers dispatched 990,012t of cement in July 2018, representing a 4.9 per cent YoY fall, according to the latest data from the country’s statistics office, DANE. Of this total, around 524,903t was delivered to the retail segment, which represented a 13.1 per cent drop when compared with July 2017 with a further 233,391t off-take by the ready-mix concrete companies, which represented a 6.8 per cent rise in sales to the segment. Contractors and builders bought 182,283t, ...

Cementos Argos 1H results impacted by challenging Colombian market

20 August 2018, Published under Cement News

Cementos Argos released its 2Q18 results this week with revenues up by 1.4 per cent at COP2.184trn (US$726bn) from COP2.154trn in 2Q17. The 1H18 revenue amounted to COP4.092trn, down from COP4.231trn in 1H17, a fall of 3.3 per cent. EBITDA and net income were affected by the US$24m fine imposed by the Superintendence and Commerce in Colombia. 2Q18 EBITDA amounted to COP328bn, down 11.2 per cent on the COP370bn of 2Q17. Adjusted EBITDA, excluding the fine reached COP404bn in 2Q18, was up 5.9 ...

Cementos Argos 1H results impacted by challenging Colombian market

17 August 2018, Published under Cement News

Cementos Argos released its 2Q18 results this week with revenues up by 1.4 per cent at COP2.184trn (US$726bn) from COP2.154trn in 2Q17. The 1H18 revenue amounted to COP4.092trn, down from COP4.231trn in 1H17, a fall of 3.3 per cent. EBITDA and net income were affected by the US$24m fine imposed by the Superintendence and Commerce in Colombia. 2Q18 EBITDA amounted to COP328bn, down 11.2 per cent on the COP370bn of 2Q17. Adjusted EBITDA, excluding the fine reached COP404bn in 2Q18, was up 5.9 ...

Argos sees 2Q profit slide but notes improved 1H net income

14 August 2018, Published under Cement News

Colombia's cement market leader, Cementos Argos, saw revenues advance by 1.4 per cent to COP2.184trn (US$727m) in the 2Q18 from COP2.154trn in the year-ago period. Operating EBITDA fell by 11.2 per cent to COP328.3bn in 2Q18 when compared with COPCOP369.7bn in April-June 2017. In addition, Cementos Argos reported a 59.7 per cent drop in net profit to COP29.4bn in the April-June 2018 quarter, when compared to 2Q17. The company attributed the decline to a deceleration of construction markets...