State Council confirms penalties issued by SIC to Cemex Colombia
Colombia’s State Council has confirmed the COP923m (US$315,784) and COP138m penalties issued by the Superintendence of Industry and Commerce (SIC) to Cemex Colombia SA, accordi...
Colombia
418 posts · Page 23 of 42
April dispatches in Colombia see 14% rise
Deliveries to the Colombian cement market increased 13.9 per cent YoY to 1.025Mt in April 2018, according to the country’s national statistics office, DANE. Antioquia report...
Cementos Argos sees falling volumes
Cementos Argos released its 1Q18 results this week , announcing revenues of COP1.9trn (US$670m), but cement sales fell by 4.1 per cent to 3.7Mt and ready-mix volumes by 7.5 pe...
Argos consolidated EBITDA jumps 31% in 1Q18
Argos has announced revenues of COP1.9trn (US$670m) and a net profit of COP54.bn in the first three months of 2018. EBITDA increased 31 per cent YoY to COP371bn. However, cem...
Colombia's cement market contracts 10% in March
Cement deliveries in the Colombian cement market fell 9.9 per cent YoY to 976,300t in March, according to the country’s national statistics office, DANE. Around 68 per cent, or...
Cemex Latin American Holdings hurt by lower volumes in Colombia and Panama
Cemex Latin American Holdings' turnover declined by 8.4 per cent in first quarter of the year to US$301.1m, while EBITDA came off by 28.8 per cent to US$65.9m. At the trading l...
Colombia: SIC confirms cartelisation sanctions
The Colombian Superintendent of Industry and Commerce (SIC) has ratified sanctions imposed in December on Argos, Holcim Colombia and Cemex Colombia, for price cartelisation bet...
Colombian cement deliveries fall 5% in February
Colombia’s grey cement sales contracted 4.8 per cent YoY to 959,500t in February 2018, according to DANE, the national statistics office. Dispatches to Norte de Santander re...
US Department of Justice to investigate Cemex over Maceo plant payments
The US Department of Justice is investigating Mexico's Cemex SA over payments concerning the construction of the Maceo cement plant in Colombia. Cemex is being investigated ove...
Colombia's cement sales slip in January
Colombia's cement market contracted by 0.5 per cent YoY in January 2018 to 0.908Mt, according to DANE, the country’s statistics office. The drop is attributed to a 3.4 per ce...