Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
News Cementos Argos’ nine-months sales fall

Cementos Argos’ nine-months sales fall

Written by Global Cement staff 12 November 2020
  • Print

Colombia: Grupo Argos subsidiary Cementos Argos has reported a 13% year-on-year fall in cement sales volumes to 10.7Mt in the first nine months of 2020 from 12.3Mt in the first nine months of 2019. As a result, revenues fell by 5% to US$1.85bn from US$1.94bn, “partially netted by the price improvements in Colombia and in the US, together with the Colombian peso devaluation.” Earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 3% to US$342m from US$353m. The company said that, “Volumes were affected by the hurricanes and intense rains in the US, together with the gradual recovery of the Colombian operations that still remain affected by the lockdowns.”

Chief executive officer (CEO) Juan Esteban Calle said, “We are proud of our company and our more than 7500 employees for their commitment and resilience navigating all the challenges generated by the Covid-19 crisis. We have been able to continue operating in a bio-safe way while significantly mitigating the impact of extended shutdowns in most of our operations and at the same time we have been taking advantage of all the opportunities that are arising from the improving market dynamics, contributing to the recovery of the economies and employment in most of our markets.”

Last modified on 18 November 2020
Published in Global Cement News
Tagged under
  • Colombia
  • Cementos Argos
  • Results
  • US
  • coronavirus
  • GCW482

Related items

  • IKN presented with first clinker from upgrade at CBR Cement’s Antoing plant in Belgium
  • Peruvian cement production falls by 14% to 9.14Mt in 2020
  • Sinoma International Engineering grows value of new projects by 9% to US$5.3bn in 2020
  • Raysut Cement’s revenue grows by 7% to US$235m in 2020
  • Local government approves relocation of Hawaiian Cement’s terminal in Maui

Join the Global Cement Live weekly webinar - FREE - Thursdays 2 - 3pm CET

back to top
Loesche - Innovative Engineering
Acquisition Cemex China coronavirus Dangote Cement Export Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Mexico Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US Vietnam
« January 2021 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2021 Pro Global Media Ltd. All rights reserved.