Cement News tagged under: Colombia
Grupo Argos formalises COP392bn sustainable linked loan28 April 2021, Published under Cement NewsGrupo Argos and Bancolombia signed the first loan agreement tied to sustainability indicators in Colombia, where the interest rate is tied to the company’s performance on gender equality and climate change, in a financing agreement that modifies current conditions for close to COP392bn (US$106m) in debt and will have a five-year maturity. In this regard, the operation does not increase Grupo Argos' current levels of indebtedness. This transaction recognises Grupo Argos' track record an... |
Colombian cement market expands 5% in February06 April 2021, Published under Cement NewsCement dispatches in Colombia increased 5.3 per cent to 1.079Mt in February 2021 when compared with 1.025Mt in February 2020, according to the country’s statistics office, DANE. Bagged cement sales were up by 11.8 per cent in February but bulk sales fell 7.2 per cent YoY. The retail sector accounted for all of this growth, with sales expanding by 16.9 per cent. In contrast, there was an 11 per cent drop in offtake by ready-mix concrete companies while sales to construction companies and co... |
Argos launches Soluciones Verdes18 March 2021, Published under Cement NewsArgos officially launched its Green Solutions portfolio 'Soluciones Verdes' following a webinar on 17 March. The Colombian cement producer outlined how it will produce more environmentally-friendly products and services building towards a more sustainable future. The initiative aims to provide actions, products and services to reduce carbon emissions, adapting to natural phenomena, contributing to the circular economy and promoting well-being and comfort solutions. Green cement will be a... |
Argos signs COP160bn ESG-linked performance loan with BBVA15 March 2021, Published under Cement NewsBBVA and Argos (Grupo Argos) signed a long-term financing agreement through a sustainable loan in an ESG-linked format for COP160bn (US$44.8m) where the loan includes a pricing adjustment mechanism that links the interest rate to the company’s ESG performance. This transaction is the first of its kind in Colombia and constitutes Grupo Argos' debut in sustainable financing. The loan granted by BBVA in Colombia to Cementos Argos includes an adjustment mechanism through which the int... |
Colombian cement market stable in January03 March 2021, Published under Cement NewsCement consumption in Colombia slipped 0.3 per cent from 994,700t in January 2020 to 992,200t in January 2021, according to the country’s statistics office, DANE. Output from the domestic cement industry decreased by one per cent to 1.034Mt in January 2021 from 1.045Mt in January 2020. Sales to ready-mix concrete companies declined 10 per cent in January 2021, but off-take by construction companies and contractors rose by 5.3 per cent while the retail sector saw 1.7 per cent more sales than... |
Cementos Argos' 4Q20 regional results26 February 2021, Published under Cement NewsFollowing yesterday’s financial results , Colombia’s Cementos Argos has also reported its regional breakdown for the final quarter and full year of 2020. USA region The company’s USA region saw a three per cent decline in cement volumes to 1.489Mt in the final quarter of 2020, compared with 1.535Mt in the 4Q19. The construction sector maintained a positive trend, supported by the strong performance of the residential segment and by a slight improvement in the infrastructure sector, accor... |
Cementos Argos reports 16% rise in EBITDA25 February 2021, Published under Cement NewsColombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of 2020, dispatching 3.96Mt. The rise was attributed in part to greater export activity from Cartagena ... |
Cemex Maceo plant has environmental licence modified17 February 2021, Published under Cement NewsThe Regional Autonomous Corporation of Antioquia has notified Cemex Colombia that the modification of the environmental licence of the Maceo plant in Antioquia has been approved. This will allow the extraction of 990,000t of materials (clay and limestone) and the production of up to 1.5Mta of cement. This authorisation will enable the possibility of starting operations, the construction of the access road to the plant, the completion of pending actions of the project and the commissioning o... |
Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%12 February 2021, Published under Cement NewsCemex Latam Holdings SA reported that the company's consolidated net sales and EBITDA in the 4Q20 fell by three and one per cent, respectively, compared to the 4Q19. Jesús González, CEO of Cemex Latam Holdings, commented: "I am proud of how the organisation responded to the challenge of the sudden arrival of COVID-19 in our footprint. We reacted quickly and forcefully to a highly uncertain situation, prioritising the safety of our employees and customers while ensuring business con... |
Colombian cement market contracts 2% in December03 February 2021, Published under Cement NewsGrey cement dispatches in Colombia fell 2.3 per cent from 1.079Mt in December 2019 to 1.054Mt in December 2020, according to the country’s statistics agency, DANE. Cement production slipped 1.2 per cent from 1.191Mt in December 2019 from 1.176Mt in December 2020. Full-year 2020 In 2020 grey cement dispatches declined 10.2 per cent to 11.234Mt from 12.515Mt in 2019. Output from Colombia’s cement plants decreased 8.9 per cent to 11.849Mt in 2020 from 13.013Mt in 2019. Ready-mix concrete ... |