Cementos Argos reports 1Q16 EBITDA up 38%
Cementos Argos reports that 1Q16 volumes across all regional divisions represent healthy dynamics in all the markets where the company is present, especially in the US, where ce...
Colombia
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Colombia: Cementos Argos will process 2.5m tyres at its Bogotá plant
Following an agreement with the local government of Bogotá, Colombian cement manufacturer Cementos Argos will recycle 2.5m used car tyres to fuel its cement production.
Colombia's cement market expands 6% in Feb 2016
Colombia's cement consumption in February rose by 6.1 per cent YoY to 1.046Mt from 0.987Mt the previous year, according to the country's statistics office, DANE.
Cementos Argos
The final quarter of 2015 saw Cementos Argos record 54 per cent growth in consolidated revenue to COP2.2trn (US$658.2m) while EBITDA jumped by 123 per cent YoY to COP409bn, repr...
Colombia: dispatches up 12.5% in December 2015
Cement deliveries in Colombia rose by 12.5 per cent YoY to 1.107Mt in December 2015, according to the latest data by the country’s statistics office, DANE.
Cementos Argos names new CEO
The Board of Directors of Cementos Argos has unanimously appointed Juan Esteban Calle as the new CEO of the company, effective 1 April 2016, replacing Jorge Mario Velasquez, who...
Colombia’s cement market expands 7% in Oct 2015
Colombian cement consumption rose seven per cent to 1,161,601t in October, according to the latest figures by DANE, the country’s statistics office. Production increased 12.8 pe...
Colombia: Argos 3Q15 profits jump 63% YoY
Cementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a ...
Jorge Mario Velásquez appointed new Grupo Argos CEO
Grupo Argos’ Board of Directors unanimously appointed Jorge Mario Velásquez as its new CEO, effective March 2016 following the retirement of incumbent chief, José Alberto Vélez....
Colombia sees 5.2% market expansion in September
Colombia’s cement demand expanded by 5.2 per cent YoY in September 2015 to reach 1.143Mt on the back of a strong performance in the contractor and ready-mix sectors, which noted...