Cement News tagged under: Colombia

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Cementos Argos announces investment in Colombia's central zone

19 September 2012, Published under Cement News

Colombia’s leading cement producer Cementos Argos announced yesterday that it is to spend US$93m in expanding its cement capacity in the country’s central zone as the company positions itself for expected increases in domestic construction acitivity. The main focus of Argos’ investment will be the expansion of its Rioclara plant by 900,000tpa of cement. The project involves the  extension of clinker capacity, the installation of a high-efficiency vertical mill plus packing and a truck load...

Colombian production drops, shipments ahead

11 September 2012, Published under Cement News

Colombian production fell 1.4 per cent in July 2012 compared to the same month in 2011, while shipments for the period were ahead by 3.3 per cent. The country’s statistical office, Dane, shows that shipments for July 2012 were 879,000t. By departments, Cundinamarca continues to lead the rankings with 52.7 percent of demand, followed by Santander, with 30.7 per cent, and Bolívar, with 20.6 per cent. In contrast, the main decrease occurred in Bogotá, down 14.4 per cent, which is attributed b...

Holcim: realising growth potential whilst cutting costs

10 September 2012, Published under Cement News

Holcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland.   While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne...

Cemex focuses spotlight on Colombia

28 August 2012, Published under Cement News

Earlier this week Cemex announced that its Cemex España subsidiary, Cemex Latam Holdings, presented an application to the Superintendencia Financiera de Colombia to list its shares on the Colombian stock exchange and to offer a minority of Cemex Latam’s shares in a public offering to investors in Colombia and in a concurrent private placement, to eligible investors outside of Colombia. The offer includes all of Cemex's assets in Central and South America but excludes Mexico. The move comes a...

Mexico: Cemex shares climb on asset sale plan

24 August 2012, Published under Cement News

Cemex SA shares outperformed the broader Mexican equity market Wednesday, rising as much as seven per cent after the Mexican cement maker said it plans to sell a minority stake in its Latin American assets through a listing on Colombia's stock exchange. The sale, aimed at reducing Cemex's debt, will not include assets in its homebase. Cemex's shares trading in Mexico City were recently up 4.8 per cent.

Colombia: Cemex subsidiary applies to sell Latin American assets

22 August 2012, Published under Cement News

Cemex Latam Holdings SA, a wholly-owned subsidiary of Cemex España SA, presented to the Superintendencia Financiera de Colombia an application to list its shares on the Colombian stock exchange and to offer a minority of Cemex Latam’s shares in a public offering to investors. Cemex Latam's assets are expected to include substantially all of Cemex’s assets in Central and South America (excluding Mexico). This application is one component of the previously-announced asset sale alternatives ...

Cementos Argos positive sales trends continue

30 July 2012, Published under Cement News

Cementos Argos has reported positive operating figures for its cement division, continuing the trends seen in the first quarter of the year. Argos. In the second quarter of 2012 operating figures showed positive growth, giving continuity to the trends first seen in the first quarter. Cement sales for the April-June period stood at 4.9Mt and ready-mix concrete sales were 4.2Mm3.  In the Colombia division, cement sales were up six per cent and ready-mix concrete sales rose 19 per cent, c...

Grupo Argos merges port assets

05 July 2012, Published under Cement News

Grupo Argos has been authorised by its Board of Directors to merge its port assets with Muelles El Bosque Operador Portuario (MEBOP) and Terminal Marítima Muelles El Bosque.   The company resulting from the merger will be 50% owned by Grupo Argos and the remaining 50% by the current shareholders of Muelles El Bosque, the Echavarría Obregón family and the Spanish group Ership (property of the Alvargonzález family from Asturias), with whom Grupo Argos has held a relationship of several years a...

Colombian shipments rise 8.1% in 4M12

29 May 2012, Published under Cement News

During the first four months of 2012, Colombia reported rises in cement production and shipments, according to the Departamento Administrativo Nacional de Estadistica (Dane). Cement production reached 3.5Mt during the period, representing an increase of 6.2% YoY while domestic shipments rose 8.1% to reach 4.4Mt, Jorge Bustamante, director of Dane, said. The largest increases were seen in Cundinamarca (50.2%), Cesar (24.8%), Casanare (21.9%) and Santander (17.3%). However, April 201...

Cementos Argos bond offering, Colombia

18 May 2012, Published under Cement News

Colombia's largest cement firm, Cementos Argos raised COP700bn (US$389m) through its bond offering on May 16. The offering was 2.17 times oversubscribed, the company said in a press release. The issuance was comprised of three tranches, maturing in 6, 10 and 15 years. In April, Cemargos raised 300bn pesos through a bond issuance, with 18-month, two and three-year maturities, as part of the company's 1tn-peso bond issuance programme.