Cementos Molins reports 40% YoY rise in net profit in 2017
Cementos Molins posted a net profit of EUR89.1m (US$109.4m) in 2017, which represents a YoY advance of 39.5 per cent. Consolidated turnover for the year increased 15 per cent...
Colombia
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Cementos Argos
Cementos Argos has reported consolidated cement volumes of 4.04Mt in 4Q17, up 17.6 per cent compared to the same period last year. This takes the full-year volume to 16.275Mt, ...
Cemex conducting pilot tests for Magdalena river transport
To improve its operational efficiency, Cemex has started running pilot tests to transport cement via the Magdalena River in Colombia. Cement is transported from central Colombi...
Cementos Argos sees revenues rise, but Colombia challenges income
Argos reported an improvement in its revenues for 4Q17 with stable sales for the full-year 2017. While EBITDA results fell both for 4Q17 and 2017, adjustment for non-recurring ...
Cemex Latin American Holdings depressed by Colombia
Cemex Latin American Holdings saw turnover decline by 5.5 per cent to US$1315.3m and EBITDA fell by 26.7 per cent to US$310.8m, with the margin coming down from 32.2 to 25 per ...
Cemex speeds up Maceo opening
Cemex Latam Holding has confirmed that it is solving the legal issues that prevent the opening of its new plant in Maceo, Antioquía, Colombia. The inauguration of the works ...
Colombia cement consumption slips 1% YoY in 2017
In full-year 2017 the Colombian cement market contracted by 1 per cent to 11.983Mt. The trend has been attributed to a 4.9 per cent fall in offtake from concrete companies. D...
Cemex Colombia to pay SIC fine, object via litigation
Cemex Colombia announced that it proceeds to pay the value of the fine imposed by the country's Superintendency of Industry and Commerce (SIC) in September 2013, amounting to t...
New challenges for Colombia's market leader
This week the Colombian cement market has reported cement dispatches up by just 0.3 per cent YoY for November 2017. The latest ICR data suggests that while annual cement cons...
Colombia cement dispatches stable in November
Cement dispatches in Colombia edged up 0.3 per cent YoY to 1.021Mt in November 2017, according to the national statistics office, DANE. The rise in dispatches is attributed ...