Displaying items by tag: initiatives

Colombia: Cementos Argos’ first quarter profit was US$1.00m, down by 73% year-on-year from US$3.76m in the corresponding period of 2019. Sales fell by 0.2% to US$545m from US$547m. The volume of cement it sold fell by 6.1% to 3.62Mt from 3.86Mt in the corresponding period of 2019. The company launched RESET, a savings initiative in response to the coronavirus outbreak, which aims to save between US$75.0 and US$90.0m in 2020.

Cementos Argos’ CEO Juan Esteban Calle said, “Given the US$154m-strong cash position of the company, the saving initiatives within RESET, the support from our stakeholders, and the passionate commitment of our more than 7000 employees, we firmly believe that Argos is fully prepared to face the current market conditions.”

Colombia’s coronavirus lockdown ended on 13 April 2020 for infrastructure projects and on 27 April 2020 for cement production and residential and commercial construction. On 5 May 2020 Cementos Argos said that domestic demand was at 50% of pre-lockdown levels.

Ireland/UK: Quinn Building Products has launched ‘Self Build with Quinn,’ an initiative aimed at promoting thermal efficiency and sustainability in self-builders’ product choices with a range of bundles and discounts on Quinn building products and technical support with dedicated account management. Quinn Building Products Product and Specification Manager Jason Martin said, “Self Build with Quinn can help self builders achieve the balance between their hopes for a high-performance home which is better for the environment and provides comfortable, economical living with their budget.”

Greece: Titan Cement has opened the Group Digital Centre of Competence, a facility which it says will consolidate its digital and advanced analytics capabilities. Titan says the Centre ‘accelerates its digital efforts’ set out under its Group Digital Initiative. “This is an essential part of efforts to increase operational efficiency and competitiveness,” said the company.

Spain: Brazil-based Votorantim Cementos’ Spanish subsidiary Cementos Cosmos celebrated seven years, equating to 540,000 working hours, without injury at its 0.9Mt/yr integrated Córdoba cement plant in Andalusia on 15 January 2019. Cementos Cosmos Córdoba plant manager José de la Vega said, “This reflects the initiatives that the company has put in place to promote the safety of the workforce.”