![](/templates/proglobalmedia-main/images/globe-blue-whitebg.gif)
Displaying items by tag: Colombia
Colombia: Cemex Colombia has appointed Juana María Serna as Commercial Vice President. She previously worked as the Vice President for Strategic Planning for Cemex Colombia & Peru and the VP for Builders and Urbanization Solutions for Cemex Colombia from late 2020. Earlier in her career she worked for Cemex Group in Mexico, becoming Global Customer Experience Director in 2018. She started working for Cemex in Colombia in 2007. Serna holds an undergraduate degree in Architecture and a Master of Business Administration from the Universidad de Los Andes in Bogotá.
Colombian cement sector faces challenges
18 July 2024Colombia: The cement sector in Colombia is experiencing difficulties due to a contraction in the construction sector. This is attributed to an economic slowdown that has impacted on housing and infrastructure projects. From January – April 2024, cement production declined by 4% year-on-year. The industry is also contending with high production costs, which have reduced profit margins. Delays in infrastructure projects, influenced by the transition in local governments, have further affected demand for cement.
Martín Costanian appointed as CEO of Holcim Colombia
12 June 2024Colombia: Holcim Colombia has appointed Martín Costanian as its CEO. He succeeds Marco Maccarelli in the position, who has been appointed as the CEO for Holcim Switzerland, Italy, South Germany and Haut Rhin.
Costanian, a Uruguayan national, has worked for Holcim since 2019 when he joined the group as the Chief Financial Officer for Holcim México. He later joined the group’s Strategy and Growth Directorate in early 2024. Earlier in his career he held finance roles for Keurig Dr Pepper and 3M, and has held roles with Kraft Foods Group. Costanian is a science and business graduate from the Universidad Católica del Uruguay and holds a master of business administration (MBA) from the Carlson School of Management, part of University of Minnesota.
Cementos Argos’ profit drops marginally
17 May 2024Colombia: Cementos Argos reported revenues of US$1.3bn in the first quarter of 2024, 6.4% year-on-year lower than the same period of 2023. The company recorded adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of US$291m, 2% above the value in the same period of the previous year. It reported decreases of 13% and 6% in cement and concrete volumes respectively, which it attributed to there being five fewer business days in the 2024 period due to the timing of Easter holidays.
Switzerland: Holcim has appointed Marco Maccarelli as its Director of Central and Eastern Europe. He will succeed Simon Kronenberg in the post in June 2024, according to the 24 Heures newspaper. The position includes the responsibility of head of Holcim Schweiz.
Maccarelli is currently working as the CEO of Holcim Colombia. Prior to this, he worked for Holcim Mexico first as Director Innovation and Commercial Development and later as Director Cement Sales & Retail. He has worked for Holcim for over 15 years and holds more than 20 years’ experience in the construction sector.
Colombia: Cementos Argos and Sistema Verde have collaborated to transform nearly 27t of waste from the Estéreo Picnic music festival in Bogotá on 21 – 24 March 2024 into alternative fuel for Cementos Argos' Cartagena plant. The initiative, which includes converting materials such as plastics and cardboard into fuel, aligns with Cementos Argos’ aim to reduce fossil fuel use and CO₂ emissions per tonne of cement by 29% by 2030.
Mauricio Giraldo, director of alternative resources at Cementos Argos said "We are very pleased to be part of this alliance with which we join the global need to join efforts to make an adequate use of waste in a safe, controlled and clean manner. Our goal as a company is to dispose of more than 300,000t/yr of waste, and with actions like this, we continue to contribute to achieving this goal.”
Colombia: Cemex Colombia plans to source 42,900MWh/yr of renewable electricity for its Caracolita cement plant in Colima from Celsia's upcoming 20MW solar power plant in Ibague. Upon the solar plant’s commissioning in 2025, this initiative will account for 25% of the cement plant's electricity needs.
Alejandro Ramirez, president of Cemex Colombia and Peru, said "Supplying our main cement plant in Colombia with solar energy will be a decisive step in our strategy to take advantage of renewable sources for cement production in Colombia."
Ricardo Sierra, CEO of Celsia, said "The company has 17 operational solar power plants totalling more than 300MW of installed capacity in Colombia." He added "Celsia’s target is to reach 1GW of photovoltaic projects under construction and development, some of which will deliver power to the grid, and others will benefit various industrial companies."
Cementos Argos to invest US$128m in operations in 2024
04 March 2024Colombia: Cementos Argos will benefit from US$128m in new investments in 2024. Reuters has reported that the investments will focus on enhancing operations and quality assurance. Parent company Grupo Argos plans to invest a total of US$509m in its subsidiaries throughout the year.
Cementos Argos’ earnings rise in 2023
22 February 2024Colombia: Cementos Argos recorded a 30% year-on-year rise in its earnings before interest, taxation, depreciation and amortisation (EBITDA) to US$620m in 2023. This came despite a 3% drop in the producer’s cement sales, to 15.7Mt. Its profit rose by 83% to US$74m. The producer attributed the growth to favourable price dynamics, cost efficiencies and productivity improvements.
Cementos Argos had an installed cement capacity of 24Mt/yr at the end of 2023.
Cementos Argos to use microalgae for carbon capture
14 February 2024Colombia: Cementos Argos has partnered with Ecopetrol, EAFIT and the University of Antioquia to develop a method of carbon capture using microalgae that also produces useable biomass. The partners will process this biomass into biocrude, with similar properties to fuel oil.
Cementos Argos’ project leader Gabriel Vargas said, “In microalgae we found a potential alternative, but this involved developing a technology for microorganisms to eat CO2 and grow from there. Then, looking for what we could use that biological material for, we saw an opportunity in biofuels. That's when, with the help of the PQI research group at the University of Antioquia, which had already been carrying out studies on the hydrothermal liquefaction of biomass, we began to refine that process.”