Cement News tagged under: Colombia
Colombia: Cementos Argos will process 2.5m tyres at its Bogotá plant13 April 2016, Published under Cement NewsFollowing an agreement with the local government of Bogotá, Colombian cement manufacturer Cementos Argos will recycle 2.5m used car tyres to fuel its cement production. According to the president of Cementos Argos, Juan Esteban Calle, the company's Planta Rioclaro factory is capable of processing 20,000tpa of tyres, which amounts to 1.5m units. Calle also added that Cementos Argos is willing to handle 65 per cent of this type of waste management in Colombia, which not only provides en... |
Colombia's cement market expands 6% in Feb 201631 March 2016, Published under Cement NewsColombia's cement consumption in February rose by 6.1 per cent YoY to 1.046Mt from 0.987Mt the previous year, according to the country's statistics office, DANE. Building companies and contractors supported this rise in particular as they bought 15.2 per cent more cement than in February 2014. Ready-mix companies increased their off take by seven per cent while retail saw a 3.3 per cent advance in volumes. In terms of departments, Atlantic saw the largest rises in demand by 22 per cent,... |
Cementos Argos02 March 2016, Published under Cement NewsThe final quarter of 2015 saw Cementos Argos record 54 per cent growth in consolidated revenue to COP2.2trn (US$658.2m) while EBITDA jumped by 123 per cent YoY to COP409bn, representing an EBITDA margin of 19 per cent. Cement volumes for the quarter increased by 13 per cent to 3.6Mt and ready-mixed concrete volumes grew by three per cent to 2.9Mm 3 . According to the company, the growth in revenue was attributed to increased volumes in most areas, structural improvements in efficiencies and ... |
Colombia: dispatches up 12.5% in December 201501 February 2016, Published under Cement NewsCement deliveries in Colombia rose by 12.5 per cent YoY to 1.107Mt in December 2015, according to the latest data by the country’s statistics office, DANE. Construction companies and contractors mainly fuelled the increase as their segment expanded by 27.9 per cent. Grey cement production reached 1.210Mt, up 7.2 per cent when compared with December 2014. Domestic deliveries increased by seven per cent YoY in 2015 to reach 12.807Mt. Output by the country’s cement producers rose by 6.2 ... |
Cementos Argos names new CEO03 December 2015, Published under Cement NewsThe Board of Directors of Cementos Argos has unanimously appointed Juan Esteban Calle as the new CEO of the company, effective 1 April 2016, replacing Jorge Mario Velasquez, who was recently elected as the new CEO of Grupo Argos. Juan Esteban Calle, new CEO of Cementos Argos, effective April 2016 The designation of Juan Esteban Calle was made by the Board of Directors of Cementos Argos, which is mostly composed by independent members. The selection process considered both, in... |
Colombia’s cement market expands 7% in Oct 201527 November 2015, Published under Cement NewsColombian cement consumption rose seven per cent to 1,161,601t in October, according to the latest figures by DANE, the country’s statistics office. Production increased 12.8 per cent YoY from 1,072,942t in October 2014 to 1,210,370t in October 2015. In the Jan-Oct period, domestic cement consumption increased 6.9 per cent to 10.632Mt. Output during the first 10 months has advanced 6.4 per cent to 10.839Mt. |
Colombia: Argos 3Q15 profits jump 63% YoY23 November 2015, Published under Cement NewsCementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a 15 per cent rise. For the nine-month period ended September, total cement sales reach 10.7Mt, reflecting an increase of 14 per cent when compared with 9M14. Argos concrete sales, which were particularly successful in the US and Colombia, advanced seven per cent to 9Mm3 in the quarter and five per cent in the first nin... |
Jorge Mario Velásquez appointed new Grupo Argos CEO11 November 2015, Published under Cement NewsGrupo Argos’ Board of Directors unanimously appointed Jorge Mario Velásquez as its new CEO, effective March 2016 following the retirement of incumbent chief, José Alberto Vélez. The selection process was headed by the Committee of Appointments and Retributions of the Board of Directors, mainly formed by independent members, and was supported by a firm specialised in selection of directive staff. Mr Velásquez (pictured right) has a BSc in Civil Engineering from Escuela de Ingenierías de... |
Colombia sees 5.2% market expansion in September30 October 2015, Published under Cement NewsColombia’s cement demand expanded by 5.2 per cent YoY in September 2015 to reach 1.143Mt on the back of a strong performance in the contractor and ready-mix sectors, which noted a rise in cement consumption of 25.9 and 13.3 per cent, respectively. In terms of provinces, Meta recorded the highest increase in demand with a 33.7 per cent advance, followed by Atlántico (+18.8 per cent) and Boyacá (+16.1 per cent). Greater Bogota saw its market expand by eight per cent YoY. Cement product... |
ThyssenKrupp wins order from Cementos Argos22 October 2015, Published under Cement NewsThyssenKrupp Industrial Solutions has received an order to build a 4300tpd clinker production line for Cementos Argos in Sogamoso, Boyacá province, Colombia. The contract is worth around EUR100m. The scope of supply includes all components for clinker production as well as quality assurance and monitoring systems. Start up of the line is planned for the end of 2017. Core components The main components are a 1200tph primary crusher for limestone, a 500tph secondary crusher for raw materia... |