Cement News tagged under: Colombia

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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...

Colombian cement dispatches slip 3.6% in Feb17

31 March 2017, Published under Cement News

Colombia's cement market in February 2017 contracted 3.6 per cent to 1.008Mt when compared with February 2016, according to DANE, the country's statistics office. Domestic cement plants produced 1.048Mt in the second month of the year, representing a 2.6 per cent decline YoY. In January-February 2017, cement sales reached 1.921Mt and were down 3.2 per cent when compared with January-February 2016. Cement production in the first two months of 2017 fell 4.2 per cent YoY to 1.959Mt. The l...

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 ...