Cement News tagged under: Colombia
Colombia boosts Cemex Latin American Holdings18 July 2014, Published under Cement NewsFirst-half turnover at Cemex Latin American Holdings improved by 6.1 per cent to US$864m while EBITDA declined by 7.5 per cent to US$283.1m. At the trading level there was a 9.5 per cent reduction to US$235.6m. After a net interest charge 19 per cent lower at US$47.6m, the pretax profit emerged 4.8 per cent lower at US$184.2m. The net attributable profit declined by 14.3 per cent to US$121.2m. Net debt at the end of June was 12.3 per cent lower than a year earlier at US$1,237m, giving... |
Colombian market grows 14.7% in May30 June 2014, Published under Cement NewsDispatches and output of cement in Colombia rose by 14.7 and 15.3 per cent, respectively in May, according to domestic statistics office, Dane. May deliveries reached 1.034Mt while production rose to 1.071Mt. Sales in Norte de Santander lead the market expansion, rising by 46.3 per cent, followed by Cundinamarca (30 per cent), Atlántico (23.8 per cent), Antioquia (20 per cent) and Bogotá (15 per cent). In the year to date, sales have increased 12.2 per cent to 4.772Mt while production r... |
TCL enters Colombian market25 June 2014, Published under Cement NewsTrinidad Cement Ltd (TCL) recently imported its first load of oil-well cement into Colombia for processing in its plant at Barrancabermeja, Santander, and intends to start sales in the South American country this month. “This first import of TCL oil-well cement into Colombia is an important step in the strategy to expand our boundaries. For TCL it also represents the ability to offer our clients product differentiation in terms of quality and price,” said Andrés Peña Vieira, strategic bu... |
Cemex Colombia investigates alternative power sources17 June 2014, Published under Cement NewsCemex is interested in landfill biogas, wind and solar energy sources in Colombia and evaluates projects of US$50m (EUR36.9m) for the next five years, Colombian daily El Tiempo said last week. Cemex wants to guarantee 100 per cent of its power supply in the country, compared to 65 per cent now. The Mexican multinational currently operates three small hydroelectric stations in Colombia and a gas-fired plant with a capacity to produce 210GWh a year in Colombia's Junin, Bucaramanga and Ibague... |
Colombian April demand increases 4.3%04 June 2014, Published under Cement NewsThe Colombian cement market expanded by 4.3 per cent YoY in April 2014 as 0.957Mt were delivered to domestic customers, according to the latest report from national statistics office, Dane. Major dispatch growth was noted in Norte de Santander (35.3 per cent), Huila (18 per cent), Bolívar (10.3 per cent) and Antioquia (6.5 per cent). Córdoba’s cement consumption fell by 30.1 per cent. Grey cement production reached 1.0289Mt in April, registering a 15.9 per cent YoY increase. The rise has... |
Colombia’s 2013 grey cement production reaches 11.2Mta27 May 2014, Published under Cement NewsAround 11.2Mta of grey cement was produced in Colombia in 2013, mainly due to a boost in the market from social housing construction, according to DANE, the national statistics office. “It was a very good year in dispatches and production, driven by buildings and infrastructure,” said Sandra Forero Ramirez, president of the Colombian Chamber of Construction (Camacol). In addition, the retail channel also pushed figures up as housing and self-construction improved. Of the principal cem... |
Colombia’s cement producers raise output by 16% in March 201402 May 2014, Published under Cement NewsColombia’s cement production rose in March 2014 by 16 per cent, particularly in Cundinamarca (+35 per cent), Antioquia (+33.3 per cent), Bogotá (+22 per cent) and Valle del Cauca (+26 per cent). These latest advances in output see first-quarter 2014 cement production increase by 9.8 per cent, underlining previous expectations that the construction sector is contributing significantly to the country’s economic growth. |
Cemex LatAm Holdings sees growing cement shipments in Colombia30 April 2014, Published under Cement NewsCemex Latin American Holdings' turnover increased by 10.3 per cent in first quarter of the year to US$422.8m, but the EBITDA was just 0.2 per cent ahead at US$141m. The increase at the trading level was 2.4 per cent to US$118.1m. After a net interest charge 17 per cent lower at US$24.4m, the pretax profit did improve by 13.3 per cent to US$94.3m and the net attributable profit more than doubled to US$54.6m. Net debt at the end of March was 18.5 per cent lower than a year earlier at US$123... |
Solid first quarter for Cementos Argos28 April 2014, Published under Cement NewsCementos Argos posted first-quarter net income of US$39m, up 51.7 per cent compared to the first quarter 2013. The company attributed the increase in net income in part to the inclusion of the results from a recently acquired operation in Honduras, as well as 24 days of results from new assets in Florida, company representatives explained during an investor's conference call. “The significant increase of our profitability across all of the company’s three regional divisions, the still i... |
Cemex delivers 640 new homes as part of Colombian affordable housing initiative17 April 2014, Published under Cement NewsCemex announced Tuesday that it has completed 640 apartments in Colombia as part of a 3000-unit urbanisation project being undertaken by the company in collaboration with the country's government. The full project comprises 3,000 apartments divided into 96 towers of four stories each. The complexes will include recreational and green areas. The paving for the complex will be done with concrete also provided by Cemex. Colombian Housing Minister Luis Felipe Henao was present to inaugurate th... |