Cement News tagged under: Colombia
Argos launches Super UHPC12 July 2022, Published under Cement NewsArgos ( Argos group ) has launched an innovative and highly-specialised product called Super UHPC. This ultra-high performance concrete is already being used to rehabilitate two bridges over one of the most important roads in the state of Florida in the USA. This product is composed of specially-selected cementitious materials and fibres that give it outstanding mechanical and durable properties, making it an excellent alternative for building new bridges, roads and facades, as well ... |
Colombian cement market expands 35% in May05 July 2022, Published under Cement NewsGrey cement dispatches in Colombia advance by 35.2 per cent to 1.104Mt in May 2022 from 0.816Mt in May 2021, according to the country’s statistics office, DANE. When compared with May 2019 the cement market expanded by 4.6 per cent from 1.055Mt. Bulk sales were up by 41.6 per cent and bagged sales advanced by 32.3 per cent. Market growth was driven by ready-mix concrete companies, which increased their purchases by 51.2 per cent YoY. The retail sector and construction companies/contractors... |
Colombia sees 4% increase in cement sales in April10 June 2022, Published under Cement NewsColombian cement dispatches saw a 3.7 per cent YoY uptick to 1.089Mt in April 2022 from 1.051Mt in April 2021, according to the country’s statistics office, DANE. Of this total bulk sales increased by 12.2 per cent, reflecting the growth in the ready-mix concrete sector, which expanded its offtake by 15.6 per cent YoY. However, construction companies and contractors reduced their purchases by 4.7 per cent while at retail level, sales were down by 1.2 per cent YoY. Output from domestic ce... |
Gilinski launches offer for sizeable Grupo Argos stake25 May 2022, Published under Cement NewsIn Colombia business tycoon Jaime Gilinski has launched a public acquisition offer for a sizeable stake in Grupo Argos. Mr Gilinski is seeking a stake of 26-32.5 per cent of Argos, which is the third company on the business magnate’s radar. He is willing to pay around 18 per cent more on the Argos share price, reported Notices Financieras. “The purchase price for each share will be US$4.08,” the regulator told the stock exchange in a statement late on 19 May. According to Reuters, the offe... |
Inflationary pressures impact Argos results in the 1Q2211 May 2022, Published under Cement NewsArgos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly due to higher inflationary pressures that impacted costs associated with raw materials, energy, freight, and operational maintenance. The company highlights the very good price performance in all regions, which is expected to mitigate the impact of inflation on costs going forward. Cement volumes remained stable a... |
The low-carbon cement bet10 May 2022, Published under Cement NewsCementos Argos has developed a low-carbon cement using alkaline activation technology to formulate hybrid cements. This type of green cement allows the increased use of supplementary cementitious materials activated with additives which significantly reduces the clinker content and, therefore, CO 2 emissions. By MF Díaz-Burbano, Cementos Argos, Colombia. To activate the SCM correctly, additives are fed into the process using an accurate dosage system Supplementary cementitio... |
Colombian cement market expands 6% in March10 May 2022, Published under Cement NewsGrey cement dispatches in Colombia increased 5.7 per cent to 1.257Mt in March 2022 from 1.189Mt in March 2021, according to the country’s statistics office, DANE. When compared with demand in March 2020, they were up 70 per cent from 0.74Mt. Bulk sales increased by 6.9 per cent YoY while bagged sales saw a more moderate growth of 5.2 per cent in March 2022. Sales to the ready-mix concrete segment saw a 10.1 per cent hike while retail sales increased 6.2 per cent YoY. However, construction ... |
Argos recycles 10.9Mm3 of water in 202109 May 2022, Published under Cement NewsArgos ( Grupo Argos ) recycled 10.9Mm 3 of water during 2021, which represents 91 per cent of recirculation and is equivalent to the average consumption of 60,000 families per year. The reuse of water resources reduces the volume of water withdrawal to contribute to the availability of this resource both for the company and for society, ecosystems and future generations. Argos' sustainability and environmental strategy, specifically in its water and biodiversity pillar, is the roa... |
Fitch: Colombia's positive cement cycle partially mitigates inflationary impacts04 May 2022, Published under Cement NewsFitch Ratings has said Colombian cement companies face a challenging operating environment as rising commodity and energy prices, global supply chain disruptions and political uncertainty pressure their cost structures. Since 2021, the companies have benefited from the recovery in demand, marked by construction of housing and infrastructure projects in the main markets where they operate. The rating's agency notes that sound volumes should sustain revenue growth, even though at lower pace, a... |
Cementos Argos sets up Bermudan business unit26 April 2022, Published under Cement NewsColombia-based Cementos Argos SA has set up a new wholly-owned subsidiary, BMR Ltd. The new business unit in Bermuda is part of the company’s risk management strategy. With the new company, it aims to stabilise the total cost of risk in the long term, intervene more actively in the reinsurance and insurance market as well participate in taking predictable risks that have been studied and over which Argos has control. The creation of the company constitutes the implementation of "a good ... |