Cement News tagged under: Colombia

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New challenges for Colombia's market leader

05 January 2018, Published under Cement News

This week the Colombian cement market has reported cement dispatches up by just 0.3 per cent YoY for November 2017. The latest ICR data suggests that while annual cement consumption in Colombia for 2017 was still down approximately -0.5 per cent, monthly returns have improved in recent months. In spite of this lacklustre growth, Cementos Argos managed increased volumes of 6.9 per cent in 2H17 in the domestic market, in part helped by the fall in national cement imports, which declin...

Colombia cement dispatches stable in November

02 January 2018, Published under Cement News

Cement dispatches in Colombia edged up 0.3 per cent YoY to 1.021Mt in November 2017, according to the national statistics office, DANE. The rise in dispatches is attributed mainly to the robust performance in the prefabricated and concrete producer segments. A total of 69.1 per cent of dispatches was carried out as bagged cement, witch the retail segment accounting for 76.6 per cent of bagged dispatches. Bulk cement was delivered mainly to concrete producers, which accounted for 68.9 per ...

Cementos Argos, Cemex and Holcim fined COP200bn

13 December 2017, Published under Cement News

Colombia has fined Cementos Argos, Cemex and Holcim over COP200bn (US$66m) for fixing prices, according to Reuters. The fine has been applied to the companies and some of its managers. In total, the companies represent 96 per cent of Colombia’s cement market and allegedly agreed to set prices between January 2010 and December 2012. Cement prices in this period increased 29.9 per cent whilst inflation was just 9.3 per cent. Holcim released a statement protesting the fine applied by the ...

Cementos Argos sets up waste recycling company

11 December 2017, Published under Cement News

Colombian cement producer Cementos Argos announced the creation of Granulados Reciclados de Colombia, a company that will recycle construction waste into aggregates, bases and subbases. The new firm will operate from Argos' Cota plant in Cundinamarca and will process up to 200tph of waste into wood, metal, plastic and stone as well as up to 1Mta of construction waste.

Colombia sees 3.6% market expansion

06 December 2017, Published under Cement News

Cement consumption in Colombia increased 3.6 per cent from 993,700t in October 2016 to 1,029,400t in October 2017, according the country’s statistics office, DANE. The rise has been attributed to increased retail sales (+5.4 per cent) and off-take by construction companies and contractors (+5.6 per cent). Sales to concrete companies slipped by 4.1 per cent. In terms of departmental sales, Antioquia saw its demand rise 14.6 per cent YoY, but sales in the Bogotá area fell by 4.4 per cen...

Colombia market expands 1% YoY in Sep 2017

14 November 2017, Published under Cement News

Domestic grey cement deliveries by Colombian cement producers in September 2017 reached 1.023Mt, up 0.8 per cent YoY and an improvement when compared the 11.2 per cent fall to 1.015Mt reported in September 2016, according to Colombia’s statistics office, DANE. Cement production in Colombia reached 1,025,600t in September 2017. This represents a 0.2 per cent rise YoY from 1,023,600t in September 2016. In terms of geographical distribution of deliveries, Nariño saw the largest increase ...

Cementos Argos raises cement volumes by 16.7% in 3Q17

13 November 2017, Published under Cement News

Cementos Argos reports in its 3Q17 results that consolidated cement volumes reached 4.2Mt, with a 16.7 per cent increase driven by positive dynamics in the company's operating regions and the consolidation of the Martinsburg plant operation. Concrete volumes decreased 6.1 per cent, due to the performance of Texas and Colombia. The adjusted EBITDA, excluding no-recurring items associated to the BEST programme, closed in COP428bn (US$143.2m), compared to COP398bn in 3Q16, with a 19.5 per...

Colombia's cement demand falls 5% in August 2017

24 October 2017, Published under Cement News

Grey cement consumption in Colombia in August 2017 reached 1.033Mt, down 5.2 per cent when compared with August 2016, according to the national statistics office, DANE. Some 68 per cent of volumes, or 702,300t, were delivered in bagged form. The country's cement producers manufactured 1.035Mt of cement in August 2017, which represents a 8.5 per cent YoY decrease. In the year to date, domestic dispatches slipped 1.3 per cent to 7.961Mt when compared to 8M16 when DANE reported dispatches...

Cemex, Holcim, Cementos Argos face cartel allegations in Colombia

16 October 2017, Published under Cement News

Cemex, Holcim and Cementos Argos have 20 days to respond to allegations of cartelisation in the Colombia’s cement market. If the evidence against the companies is found conclusive, they could be subject to fines of up to COP70bn (US$23.9m) per infraction. The investigation started in August 2013 when the Superintendency of Industry and Commerce (SIC) opened an investigation and formulated a statement of objections against Cementos Argos, Cemex, Holcim, Cementos Tequendama, Cementos San Ma...

Cemex fleet first to achieve carbon neutral certification in Colombia

13 October 2017, Published under Cement News

Cemex announced that it has received de Sello Verde de Verdad (True Green Label), granted by Colombian company Ecologic SAS, and the certification of neutralisation of transport-related GHG emissions in Colombia, issued by the Colombian Institute of Technical Standards and Certification (ICONTEC Internacional). This certification makes the cement producer the first company in the country with carbon neutral certification on its entire fleet.  “We are proud to say that Cemex’s fleet in Col...