Cement News tagged under: Colombia
Cementos Argos, Cemex and Holcim fined COP200bn13 December 2017, Published under Cement NewsColombia has fined Cementos Argos, Cemex and Holcim over COP200bn (US$66m) for fixing prices, according to Reuters. The fine has been applied to the companies and some of its managers. In total, the companies represent 96 per cent of Colombia’s cement market and allegedly agreed to set prices between January 2010 and December 2012. Cement prices in this period increased 29.9 per cent whilst inflation was just 9.3 per cent. Holcim released a statement protesting the fine applied by the ... |
Cementos Argos sets up waste recycling company11 December 2017, Published under Cement NewsColombian cement producer Cementos Argos announced the creation of Granulados Reciclados de Colombia, a company that will recycle construction waste into aggregates, bases and subbases. The new firm will operate from Argos' Cota plant in Cundinamarca and will process up to 200tph of waste into wood, metal, plastic and stone as well as up to 1Mta of construction waste. |
Colombia sees 3.6% market expansion06 December 2017, Published under Cement NewsCement consumption in Colombia increased 3.6 per cent from 993,700t in October 2016 to 1,029,400t in October 2017, according the country’s statistics office, DANE. The rise has been attributed to increased retail sales (+5.4 per cent) and off-take by construction companies and contractors (+5.6 per cent). Sales to concrete companies slipped by 4.1 per cent. In terms of departmental sales, Antioquia saw its demand rise 14.6 per cent YoY, but sales in the Bogotá area fell by 4.4 per cen... |
Colombia market expands 1% YoY in Sep 201714 November 2017, Published under Cement NewsDomestic grey cement deliveries by Colombian cement producers in September 2017 reached 1.023Mt, up 0.8 per cent YoY and an improvement when compared the 11.2 per cent fall to 1.015Mt reported in September 2016, according to Colombia’s statistics office, DANE. Cement production in Colombia reached 1,025,600t in September 2017. This represents a 0.2 per cent rise YoY from 1,023,600t in September 2016. In terms of geographical distribution of deliveries, Nariño saw the largest increase ... |
Cementos Argos raises cement volumes by 16.7% in 3Q1713 November 2017, Published under Cement NewsCementos Argos reports in its 3Q17 results that consolidated cement volumes reached 4.2Mt, with a 16.7 per cent increase driven by positive dynamics in the company's operating regions and the consolidation of the Martinsburg plant operation. Concrete volumes decreased 6.1 per cent, due to the performance of Texas and Colombia. The adjusted EBITDA, excluding no-recurring items associated to the BEST programme, closed in COP428bn (US$143.2m), compared to COP398bn in 3Q16, with a 19.5 per... |
Colombia's cement demand falls 5% in August 201724 October 2017, Published under Cement NewsGrey cement consumption in Colombia in August 2017 reached 1.033Mt, down 5.2 per cent when compared with August 2016, according to the national statistics office, DANE. Some 68 per cent of volumes, or 702,300t, were delivered in bagged form. The country's cement producers manufactured 1.035Mt of cement in August 2017, which represents a 8.5 per cent YoY decrease. In the year to date, domestic dispatches slipped 1.3 per cent to 7.961Mt when compared to 8M16 when DANE reported dispatches... |
Cemex, Holcim, Cementos Argos face cartel allegations in Colombia16 October 2017, Published under Cement NewsCemex, Holcim and Cementos Argos have 20 days to respond to allegations of cartelisation in the Colombia’s cement market. If the evidence against the companies is found conclusive, they could be subject to fines of up to COP70bn (US$23.9m) per infraction. The investigation started in August 2013 when the Superintendency of Industry and Commerce (SIC) opened an investigation and formulated a statement of objections against Cementos Argos, Cemex, Holcim, Cementos Tequendama, Cementos San Ma... |
Cemex fleet first to achieve carbon neutral certification in Colombia13 October 2017, Published under Cement NewsCemex announced that it has received de Sello Verde de Verdad (True Green Label), granted by Colombian company Ecologic SAS, and the certification of neutralisation of transport-related GHG emissions in Colombia, issued by the Colombian Institute of Technical Standards and Certification (ICONTEC Internacional). This certification makes the cement producer the first company in the country with carbon neutral certification on its entire fleet. “We are proud to say that Cemex’s fleet in Col... |
Cemex’s Bloqueras Solidarias Program recognised in Colombia07 September 2017, Published under Cement NewsThe Colombian Construction Chamber of Commerce (CAMACOL) awarded Cemex’s Bloqueras Solidarias program the Community Prize for Best Management in recognition of its efforts to help low-income families build their own homes. The CAMACOL awarded Cemex Colombia the Community Prize for Best Management in recognition of its efforts under the Bloqueras Solidarias initiative. Ricardo Naya, President of Cemex Colombia, received the award from Juan Manuel Santos, President of Colombia. Through Bloqu... |
Colombia cement dispatches rise 13% YoY in July31 August 2017, Published under Cement NewsIn July some 1.041Mt of grey cement were dispatched in Colombia, an increase of 12.6 per cent YoY, according DANE, the country’s statistics institute. Market expansion was the largest in Nariño where cement dispatches rose by 91.4 per cent YoY, with Caldas and Boyacá also noting considerable increases of 57.6 to 49.9 per cent, respectively. Bogotá’s market saw a 10 per cent expansion while in Antioquia dispatches were 19.7 per cent higher. Output rose 18 per cent YoY from 0.913Mt in J... |