Cement News tagged under: Colombia

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Cementos Argos net profit rises

26 April 2012, Published under Cement News

Cementos Argos, Colombia's largest cement producer, posted a net profit in 1Q12 of US$144m, from US$16m a year earlier. Operating revenue was US$587m, the company said in a statement Wednesday to regulators while EBITDA rose 40% last quarter from the same period a year earlier, to $110m. For the first quarter of 2012, revenues from the Division rose to COP$ 569bn, an increase of 34%. EBITDA was COP$189bn, an increase of 47% from March 2011 and a record high for the company. The EBITDA margi...

Inverargos shareholders approve name change, Colombia

30 March 2012, Published under Cement News

Shareholders of Inversiones Argos (Inverargos), the investment arm of Colombia's largest cement firm Cementos Argos, approved a name change to Grupo Argos during a meeting held on 29 March. The group also approved an annual dividend of 212 pesos per share to be paid in four installments, according to a company release. Grupo Argos holds a 61.4% stake in Cementos Argos, and controls 50.1% of investment group Celsia, formerly known as Colinversiones.

Colombian output and dispatches rise, uncertainties ahead

27 March 2012, Published under Cement News

Colombian cement production and dispatches have continued to rise in the first two months of 2012, however, uncertainty exists over near-term forecasts as the La Niña weather effect brings heavy rains to the country. In the first two months of the year, cement production in Colombia totalled 1.7Mt, 14.4 per cent over the same period of 2010, according to Colombia's national statistics office. Dane. Cement deliveries also increased 14.1 per cent to 1.6Mt during this period. "The upward ...

Colombian cement sales up 14.2% in January

02 March 2012, Published under Cement News

Colombian cement sales in January reached 868,400t, up 14.2% than in January 2011. In this month 823,3000t were shipped to the domestic market, which represented an increase of 11.7%. This increase in shipments was caused mainly by rises in deliveries to builder and contractor channels with 31.1%, and 22.8% with ready-mix concrete companies. Meanwhile, for the last 12 months to January 2012, cement production grew 13.7% over the previous year. In the same period,10,241,600t were shippe...

Cements Argos: positive outlook after strong 2011 results

27 February 2012, Published under Cement News

Cementos Argos, Colombia's largest cement producer, achieved more than COP3.6bn (US$2bn) in consolidated revenues for FY2011, representing YoY growth of 21% in peso terms as it reported strong performances in its Colombian and Caribbean divisions. In the US, results were still affected by the challenging conditions although the company sees interesting recovery prospects ahead. According to latest figures from Cements Argos, EBITDA for the year increased by 26% in peso terms to COP682m (U...

Colombia full-year output and consumption advances

03 February 2012, Published under Cement News

Cement production in Colombia grew by 13.4 per cent during 2011, rising from 9.5Mt to 10.7Mt, as dispatches also increased 13.8 per cent over 2010 with 10.1Mt. According to data from the Departamento Administrativo Nacional de Estadistica (DANE), the increase was due to a good performance in the distribution to retailers, followed by ready-mix companies, builders and contractors. The entity also highlights the demand in the departments of Cesar (43.9 percent), Casanare (34.1), Huila (3...