Cement News tagged under: Colombia
Colombian cement demand falls to 1.15Mt in October14 December 2021, Published under Cement NewsCement dispatches in Colombia slipped 1.6 per cent YoY to 1.15Mt in October 2021 from 1.169Mt in the same period of the previous year, according the country’s statistics office, DANE. When compared with the 1.111Mt dispatched in October 2019, deliveries were up 3.5 per cent. Deliveries to ready-mix concrete companies increased 7.5 per cent, but construction companies and contractors purchases were down by 16.3 per cent while off-take in the retail segment slipped 1.1 per cent. Domestic pr... |
Saint-Gobain and Cementos Argos create joint venture10 December 2021, Published under Cement NewsSaint-Gobain and Cementos Argos have entered a joint venture agreement to develop mortar solutions. The partnership will combine Saint-Gobain’s mortar technology with Argos’ strong leadership and local presence. The aim is to offer a wide range of solutions across Colombia to accelerate the evolution of the construction market towards a more professional and sustainable future, creating employment and long-term value for all stakeholders. This project will strengthen the leadership... |
Cementos Argos to list US business on NYSE09 December 2021, Published under Cement NewsCementos Argos plans to list its US business on the New York Stock Exchange after several months of analysis. The company will be listed through an initial public offering registered under the rules of the US Securities Exchange Commission (SEC) and will implemented once the structuring process has been completed, in compliance with applicable US regulations. The cement producer will aim to improve the share price for partners and optimise the capital structure. As a result, Cementos Arg... |
Argos to collect 5000 waste tyres per month in Honduras24 November 2021, Published under Cement NewsColombia’s Argos will collect around 5000 waste tyres per month in Choluteca, Honduras, and transport them to Comayagua for disposal at its Piedras Azules cement plant. Cementos Argos is working with Fundesur and Fundación HERCO to successfully launch the Responsible Management of Waste Tyres programme in Choluteca. The three organisations expect to remove more than 60,000 tyres in the first year of the programme, which has the support of MiAmbiente, the Secretary of Health and the Municip... |
Colombian cement market expanded 3% in September23 November 2021, Published under Cement NewsCement consumption in Colombia edged up 2.9 per cent YoY to 1.164Mt in September 2021 from 1.131Mt in September 2020, according to the country’s statistics agency, DANE. When compared with September 2019, demand grew by 7.9 per cent from 1.078Mt. Bulk sales increased by 7.3 per cent YoY in September 2021 while bagged cement saw sales grow by one per cent. When compared with September 2019, bulk and bagged sales increased by 8.1 and 7.9 per cent, respectively. Sales growth was particularly... |
Argos recycles 180t of bags in 202123 November 2021, Published under Cement NewsThrough its Sacos Verdes (Green Bags) programme, Colombia-based cement producer Argos has recycled around 180t of cement packaging in 2021, the equivalent to stop cutting more than 1770 trees and saving more than 14,000m3 of water, or the daily supply of 83,000 people. Vehicles that supply materials to customers return to Argos with empty cement sacks in a reverse logistics system. After cleaning and processing, the empty cement and aggregates bags are used as raw materials in other indust... |
Argos implements simulation model for bulk cement supply19 November 2021, Published under Cement NewsAt the eighth annual Simulation Conference organised by the Anylogic software company, Argos (Argos Group) shared its model for the optimised supply of bulk cement that it has been developing for its terminals in the Caribbean region. This simulation is a key tool to avoid delays in the rotation of resources and to optimise the capacity of the ships and other methods of operation that allow the efficient delivery of cement inventory in some markets where the company operates. "... |
Cementos Argos announces 5% increase in 3Q revenue09 November 2021, Published under Cement NewsCementos Argos has posted consolidated revenues of COP2489bn (US$641.82m) in the third quarter of 2021, up 5.3 per cent YoY, favoured by the positive evolution of volumes and prices. Adjusted EBITDA also increased 2.4 per cent YoY to COP473bn from COP462bn in the 3Q20. The positive EBITDA evolution was mainly attributed to the performance of Colombia, in a combination of better market environment and commercial efforts to increase the company’s exposure to the retail segment. Cost headwind... |
Argos commits to new 2030 CO2 emission targets26 October 2021, Published under Cement NewsOn 25 October 2021 Argos held a climate change webinar in which it committed to reduce its CO 2 emissions by 29 per cent in its cement plants by 2030. In just over the last decade, the company has already reduced its CO 2 emissiosn by 14 per cent from its baseline. By 2050, Argos will offer carbon-neutral concrete, aligned with the Net Zero ambition plan of the Global Cement and Concrete Association (GCCA). The Colombia-based cement producer will achieve its new targets by maximising w... |
Construction firms and contractors drive 4% rise in Colombia’s cement demand07 October 2021, Published under Cement NewsColombian cement dispatches picked up 4.3 per cent to 1.098Mt in August 2021 from 1.052Mt in August 2020, according to the country’s statistics office, DANE. When compared with August 2019 deliveries slipped 0.1 per cent from 1.099Mt. Growth was particularly robust in the ready-mix segment where off-take saw a 14 per cent improvement. Construction companies and contractors increased their purchases by 6.5 per cent while sales to the retail sector edged up 0.3 per cent. Production from dom... |