Cement News tagged under: Colombia
Colombian demand grows 12% in February01 April 2014, Published under Cement NewsColombian cement demand expanded by 11.7 per cent in February 2014 compared to the previous year with dispatches reaching 924,000t, according to the statistics office, Dane. Major growth was recorded in Antioquia, Cundinamarca, Magdalena, Norte de Santander y Cauca. Cement production rose to 907,800t, up 10.2 per cent when compared with the same month a year ago. In the year ending February 2014, deliveries advanced by five per cent YoY to 10.972Mt. Output from Colombia’s cement plant... |
Argos Board approves US$50m loan31 March 2014, Published under Cement NewsThe board of Colombia’s Argos Group has approved a US$50m loan with the Bank of Bogotá and Miami Agency. The 180-day credit was extended to cover operating cash flow needs. |
Cementos Argos27 March 2014, Published under Cement NewsEarlier this month Cementos Argos increased the price of cement by HNL8 (US$0.42)/bag taking a 42.5kg bag of Piedra Azul cement to HNL168 (US$8.63). The price had previously been frozen at HNL160 (US$8.21). “We have been meeting with executives from Argos, after more than a month-and-a-half of analysis costs we believe that the company has had significant increases in the structure of its business operations and is able to request that the freeze be suspended,” says Alden Rivera, minister... |
Colombia’s Argos invests in new Cartagena distribution centre24 March 2014, Published under Cement NewsCementos Argos will be investing US$35.2m in a new distribution centre in Cartagena, announced the company’s president Jorge Mario Velasquez at the shareholders’ meeting. The new distribution centre will increase the company’s dispatch capacity to 1.3Mta of bagged cement and 1Mta of bulk cement. The investment will primarily benefit the company’s logistics in the north of the country. |
Colombia maintains cement demand03 March 2014, Published under Cement NewsColombian cement shipments reached 806,000t in January, according to national statistics office, Dane with better sales to the ready-mix concrete, builders and contractors segments supporting the result. Retail sales, however, fell 4.8 per cent. Cement production in the South American country totalled 820,000t, a two per cent YoY increase. Demand growth was strongest in the Magdalena department, where sales expanded 37.6 per cent. It was followed by Norte de Santander (+35.7 per cent)... |
Argos: positive developments across the board25 February 2014, Published under Cement NewsArgos, closed 2013 with a strong rise in EBITDA on the back of positive contributions from all its regional divisions. Other highlights for the year were the inclusion of Argos on the Dow Jones Sustainability Index, successful issuance of preferred shares in Colombia and abroad, and new acquisitions to close a successful year for Argos. “2013 was a year that completely transformed this company. The successful issuance of preferred shares significantly helped us implement our expansion stra... |
FLSmidth establishes Colombian office19 February 2014, Published under Cement NewsFLSmidth is expanding its operations on the Colombian market through the establishment of a new office in the city of Barranquilla in the northern part of the country. “The new office that opened on 1 January 2014 will bring FLSmidth even closer to its customers on the Colombian market and strengthen the local service offerings,” FLSmidth said in a statement. The company also added that over the last decade, the Colombian economy has been on an upward spiral due to improvement in the secu... |
Colombia's 2013 cement output up 3%05 February 2014, Published under Cement NewsColombian yearly cement production increased three per cent to 11.25Mt compared to 2012 with dispatches for 2013 up 3.5 per cent to 10.87Mt, reports Business News America. |
Colombia: market expands 6.9% in November02 January 2014, Published under Cement NewsGrey cement production in Colombia during November 2013 totalled 1.02Mt, a 9.6 per cent increase when compared with the same month of the previous year. In addition, the domestic cement market expanded by 6.9 per cent to 978,000t. This was less than the 14 per cent consumption growth noted in October. Norte de Santander saw a 38.5 per cent rise, the largest in the country, followed by Antioquia (+13.7 per cent), Bolívar (+19.5 per cent) and Cundinamarca (+8.6 per cent). On the other ha... |
Colombian market expands 14% in October04 December 2013, Published under Cement NewsColombia’s cement production jumped 18.4 per cent YoY to 1.4Mt in October while deliveries increased by 13.9 per cent to 1.032Mt, according to the country’s national statistics office, DANE. Norte de Santander noted the biggest rise in deliveries with 52.2 per cent, followed by Caldas (31.5 per cent), Bolivar (27.3 per cent), Ontario (27 per cent) and Antioquia (17.7 per cent). In Bogotá demand rose by 4.8 per cent. The rise in consumption has been attributed to several new hotel and ... |