Cement News tagged under: Colombia
Cementos Argos readies itself for 'vibrant' US market growth26 March 2015, Published under Cement NewsWith US demand recovery on a roll, Cementos Argos is readying itself for 'vibrant' growth in the years ahead with the group having consolidated its presence in nine strategic states. Last year, Argos recorded historic overall results in terms of both income and EBITDA, which rose above US$2.9m and US$534m (growth of 17 and eight per cent, respectively). The company reported unprecedented consolidated figures in terms of cement and concrete sales volumes, dispatching 12.5Mt of cement and 11M... |
Colombia dispatches up 14.5% in January27 February 2015, Published under Cement NewsThe Colombian cement market expanded by 14.5 per cent YoY in January 2015 as the country’s cement producer dispatched 927,800t of cement, according to the latest figures by national statistics office, Dane. Output rose 8.3 per cent to 0.9Mt when compared with January 2014. The strongest demand growth occurred in Nariño (+165 per cent), Cesar (+37 per cent), Magdalena (+36 per cent), while Antioquia and Bolivar saw dispatches rise by 25 per cent. |
Cementos Argos’ net profit surges 59%26 February 2015, Published under Cement NewsColombia’s leading cement producer, Cementos Argos, said net profit jumped 58.8 per cent YoY in 2014, closing the year with record figures. Profit was up to COP291bn (US$145m), compared with the COP183bn registered in 2013. Operating income was up 16.8 per cent to COP5.8trn (US$2.9bn), EBITDA rose up 8.4 per cent to COP1.06trn (US$534m). Cement sales increased by eight per cent YoY to 12.5Mt, while concrete sales jumped 18 per cent to 11Mm 3 . Argos CEO, Jorge Mario Velásquez, commen... |
Cementos Argos in expansion mode10 February 2015, Published under Cement NewsCementos Argos will be expanding its business in 2015 with investments of over US$400m, according to Jorge Mario Velásquez, president of Argos. He added that 2015 will be crucial for the company as it initiates a very important decade in the economy of US: “In the next 10 years in the US will see significant growth of the economy, it will be a dynamic decade, especially in the cement market where growth close to nine per cent is expected, accompanied by a recovery of prices are recorded, ... |
Cementos Argos03 February 2015, Published under Cement NewsFor the second year running, Cementos Argos has been recognised for its sustainability efforts by clinching the Silver Class distinction in RobecoSAM’s 2015 Sustainability Yearbook. RobecoSAM is a private organisation that independently assesses companies that are part of the Dow Jones Sustainability Index, looking at their commitment to economic, environmental and social sustainability. Each year more than 3000 companies are invited to participate. “At Argos, sustainability is one of the... |
Colombian cement market expands 10.3% in 201403 February 2015, Published under Cement NewsColombian cement consumption increased by 10.3 per cent to 11.9Mt in 2014, according to the country’s statistics service, Dane. The restart of civil works and the start-up of social housing projects is behind the upturn. Major market expansion occurred in the provinces of Nariño (49.2 per cent), Norte de Santander (20.4 per cent), Huila (21.3 per cent) and Cundinamarca (17 per cent). Output from domestic cement plants also rose, by 10.2 per cent to 12.3Mt. |
Cementos Argos may refinance short-term debt in 2015, Fitch28 January 2015, Published under Cement NewsThe majority of Cementos Argos’ short-term debts due in 2015 are expected to be refinanced, according to an analysis of Colombian cement firm by Fitch Ratings. This move is anticipated due to the pressure on free cash flow during 2014 that was caused by the firm's aggressive acquisition programme, while the ratings agency believes that the business's liquidity is adequate and its funds from operations are stable. Cementos Argos has available credit worth COP2.20tn (US$922.43m), as well... |
Argos recognised for sustainability efforts22 January 2015, Published under Cement NewsArgos has been awarded a Silver Class distinction in Robeco SAM’s 2015 Sustainability Yearbook for the second consecutive year. The company was included in the Yearbook once again for having one of the best sustainability performances due to the results it obtained in the Dow Jones Sustainability Index survey. Private entity RobecoSAM independently assesses the sustainability performances of companies that are part of the Dow Jones Sustainability Index. It lists the most sustainable compan... |
Cemex06 January 2015, Published under Cement NewsCemex is restarting work on expanding the Tepeaca works in the state of Puebla, Mexico, that was halted in 2008, with a view of completing the expansion in 2017. This will require an additional US$200m to be spent on top of the US$450m spent up to 2008. When the work is completed, it is expected to raise Tepeaca’s capacity from the current 3.2 to 7.6Mta. Cemex is building a new cement works in Colombia for completion in 2017. The equipment for the new Cementera del Magdalena Medio cement ... |
Colombia: FLSmidth to supply 2800tpd Cemex line23 December 2014, Published under Cement NewsFLSmidth has been awarded the contract to supply a 2800tpd cement line for Cemex’s new Cementera del Magdalena Media cement plant in Antioquia, Colombia. The contract includes the engineering, project management and commissioning as well as all key production equipment, including an FRM mill for raw grinding, an ATOX coal mill, a five-stage ILC preheater with a low-NOx calciner, an FLSmidth Cross-Bar cooler and a two-pier kiln. In addition, Pfister weighing and dosing systems, MAAG gear re... |