Cement News tagged under: Colombia

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Colombia's cement sales fall 2.8% in January

28 February 2017, Published under Cement News

January cement sales in Colombia fell 2.8 per cent YoY to 913,190t, according to the country’s statistic office, DANE. The largest decreases were reported in Casanare and Boyacá, which saw sales decrease by 46.8 and 25.5 per cent, respectively. Antioquia reported an increase in sales of  9.1 per cent when compared with January 2015. Cement production in January 2017 reached 910,350t, down six per cent YoY. The share of bagged cement slipped by 2.8 per cent YoY.

Cementos Argos' 4Q16 results boosted by US operations

27 February 2017, Published under Cement News

Cementos Argos has announced that its 4Q16 results saw an 8.7 per cent rise in EBITDA and 70 per cent of its revenues was generated from operations outside of its domestic market of Colombia. Group dispatched volumes of cement and ready-mix were down by 5.5 per cent and 6.5 per cent, respectively in the 4Q16. Consolidated EBITDA was COP396bn (US$137m), achieving an EBITDA margin of 19.7 per cent. Net income amounted to COP27bn. USA The group's US operations reported an EBITDA of...

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por...

Colombian cement sales fall 5.5% YoY in 2016

09 February 2017, Published under Cement News

Cement deliveries in Colombia decreased by 5.5 per cent YoY to 12.102Mt in 2016 from 12.807Mt in 2015, according to the latest figures published by DANE, the national statistics service. While sales in Atlántico and Antioquia rose by seven and 3.5 per cent, respectively, Cesar and Casanare reported a market contraction of 24.8 and 20.5 per cent, respectively. In Bogotá, cement dispatches fell 7.8 per cent YoY.  Output in 2016 fell by 4.2 per cent from 13.047Mt in 2015 to 12.495Mt. Fi...

Paving the road for Colombia

23 January 2017, Published under Cement News

With an infrastructure master plan that will see COP54.8bn poured into Colombia’s road network alone, the future for the country’s cement industry is positive. Anticipating sustained market growth, existing and new players are expanding production capacity and in some cases, phasing out old, wet-process technology. By Bancolombia, Colombia. Colombia is embarking on a large-scale infrastructure master plan with a major focus on the transport network Back in May 2014, Bancolombia ...

Colombia: OHL Industrial to build new Ecocementos plant

18 January 2017, Published under Cement News

Spanish construction firm OHL Industrial is to build a new 1.35Mta cement plant in Sonson, Colombia, at a cost of EUR224.6m (US$240m), Construction Index reports. The integrated plant has been commissioned by Ecocementos, a joint venture between Colombia’s Corona and Spain’s Cementos Molins. Equipment for the facility will be supplied by FLSmidth .

Colombia's cement consumption down 4.6% YoY in November

16 January 2017, Published under Cement News

Cement demand in Colombia fell by 4.6 per cent in November 2016 to 1.019Mt when compared with November 2015, according to DANE, the country's statistics office. Output decreased by 3.5 per cent to 1.009Mt when compared with November 2015, when production reached 1.045Mt. In Nariño deliveries advanced by 21.1 per cent and in Antioquia by 7.7 per cent. On the other hand, Cesar noted a 29.1 per cent drop, with Santander and Cundinamarca reporting demand down by 18.4 and 15.5 per cent, respe...

Colombia: FLSmidth secures EcoCementos order

11 January 2017, Published under Cement News

EcoCementos has selected FLSmidth as the equipment supplier for its new plant in Rio Claro, Sonson, Antioquia, Colombia. FLSmidth has been contracted for the engineering, procurement and supply of equipment to the 3150tpd production line. The order includes equipment ranging from from crushing to packing, as well as equipment from FLSmidth product companies. Planetary gear units will be supplied by FLSmidth MAAG Gear, fabric filters from FLSmidth Airtech, a packing plant from FLSmidth V...

Fitch: Latin America 2017 outlook stable

13 December 2016, Published under Cement News

According to a new Fitch Ratings report, the 2017 Latin American cement outlook for both ratings and the sector is stable. Associate Director at Fitch Ratings, Gilberto Gonzalez: “Issuers have built significant operations in the US, which should benefit from increased public and private spending… Housing starts should increase seven per cent to 1.26m, which should provide an additional boost.” For Argentina cement consumption is forecast grow in the mid-single digits, recovering some o...

Colombia's cement market contracts 14.4% YoY in Oct

29 November 2016, Published under Cement News

Cement consumption in Colombia fell 14.4 per cent to 0.994Mt in October 2016 from 1.162Mt in October 2015, according to the latest figures by the country’s statistics office, DANE. Domestic cement production in October reached 1.076Mt, down 11 per cent YoY. In the first 10 months of 2016, domestic dispatches saw a 5.2 per cent drop to 10.077Mt when compared with 10.632Mt reported in October 2015. Cement production reached 10.388Mt, down four per cent YoY.