Cement News tagged under: Colombia

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Argos sells stake in port company

16 August 2017, Published under Cement News

Grupo Argos has sold its 50 per cent stake in a port operator to an investment fund managed by Goldman Sachs for about US$136m, Grupo Argos said in a statement on Monday. Compania de Puertos Asociados SA, called Compas, moves principally coal and cement through its ports in the Andean country. Argos' stake was sold to West Street Infrastructure Partners III, which is run by Goldman Sachs, for COP407bn. The sale price is two and a half times what Grupo Argos invested in the business in...

Argos sees challenges at home

14 August 2017, Published under Cement News

Cementos Argos announced a net income of COP48bn (US$16m) for the second quarter of 2017 as the US and central America/Caribbean helped to mitigate challenging dynamics in its home market of Colombia.  Revenues were down by 1.6 per cent YoY and EBITDA fell by 15.9 per cent YoY to COP367bn. The US was the main contributor to both revenues (54 per cent) and EBITDA (47 per cent). Consolidated cement volumes increased by 17.9 per cent in the second quarter of 2017 to 4.1Mt. “The ...

Colombia sees grey cement sales slip

31 July 2017, Published under Cement News

Colombia’s cement sales slipped 1.3 per cent YoY to 0.984Mt in June 2017 when compared with the previous year, according to the country’s statistics office, DANE.  Ready-mix company offtake fell by 9.3 per cent and could not be offset by sales in the prefabricated segment, where sales increased 24.1 per cent and the building companies and contractors, which increased purchases by 1.9 per cent. Cement output in the country reached 1.003Mt, 0.9 per cent lower than in 6M16.

Colombian sales dip under 1Mt mark

28 June 2017, Published under Cement News

Colombian grey cement deliveries slipped 0.6 per cent YoY to 0.999Mt in May 2017, according to DANE, the country’s statistics office. This compares favourably with a 5.3 per cent market contraction reported in May 2016. Rains in several parts of the country have affected sales, according to local sources. The market of Casanare saw sales drop by nearly a third while Norte de Santander and Cesar reported decreases of around 15 per cent. The regions of Valle del Cauca and Atlántico reported ...

Satarem supplies drying system to Cementos Tequendama

16 June 2017, Published under Cement News

Satarem has a supplied a complete drying system to Colombian cement producer Cementos Tequendama. The system consists of a three-sleeve dryer (φ3.6 × 8m) with a capacity of 50tph and the ability to reduce the moisture of pozzolan from 15 to one per cent. The new system is composed of three concentric cylinders which makes it shorter than traditional dryers, thus facilitating transportation and installation, Satarem said in a statement. The supply package also includes a fluidised bed co...

Colombian market contracts 15%

30 May 2017, Published under Cement News

In April 2017 cement consumption in Colombia fell 14.9 per cent to 0.9Mt from 1.058Mt in April 2017, according to Colombia’s statistics office, Dane. Sales across all distribution channels slipped with construction companies and contractors requiring 19.1 per cent less, ready-mix companies 16.6 per cent lower volumes and a 12 per cent reduction at retail level. In terms of departments, the key regions of Bogotá noted a 15 per cent reduction in demand, Antioquia -9.8 per cent and Santa...

Cementos Argos 1Q revenues impacted by Colombia

12 May 2017, Published under Cement News

Cementos Argos posted a 6.1 per cent decline in consolidated revenues for the first three months of the year, citing a challenging first quarter affected mainly by Colombia. Over 70 per cent of revenues and EBITDA came from operations outside of Colombia. The US continues to be its main market in terms of revenues, cement and ready-mix volumes. For the first time, the Caribbean and Central America group region was the leading contributor to EBITDA accounting for 43 per cent.  Cement vo...

Cementos Molins to raise capacity by 4.4Mta

09 May 2017, Published under Cement News

In the next three years Cementos Molins plans to invest EUR350m to increase its capacity by 4.4Mta. The company currently has projects in Argentina, Colombia and Bangladesh. In Argentina the company will invest EUR100m in its joint venture with Votorantim, Cementos Avellaneda. The sum represents about half the investment required to add 0.2Mta at the Olavarría unit this year and expand capacity at the San Luis works to 0.9Mta by 2019.  Meanwhile, in Colombia Cementos Molins and its pa...

Cementos Argos

26 April 2017, Published under Cement News

February 2017 saw cement consumption in Colombia contract by 3.5 per cent, according to DANE, the country’s statistics office. Just over 1Mt was consumed in the second month of the year, compared to 1,045,900t in the same month in 2016. Cement production over the period also fell, declining 2.6 per cent from 1,076,500t in February 2016 to 1,048,100t in February 2017. Geographically, the largest decreases in sales in the 2M17 were recorded in Casanare (-36.6 per cent), Boyacá (-18 per cent) a...

Cemex requests new authorisation to increase capacity in Colombia

03 April 2017, Published under Cement News

Cemex Latam Holdings has announced it will present a new application for an environmental permit which would enable the Mexico-based cement producer to increase capacity at its Maceo plant in Antioquia, Colombia. The plant, which represents an investment of US$340m, is authorised to produce 0.25Mta at present. Earlier the company had applied to raise plant capacity to 0.95Mta, but the request had been denied. The company said that it decided to postpone the start-up of the plant, whil...