Cement Americas

FAL 2018

Cement Americas provides comprehensive coverage of the North and South American cement markets from raw material extraction to delivery and tranportation to end user.

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www.cementamericas.com • Fall 2018 • CEMENT AMERICAS 5 CEMENTSCOPE LESS DOWNTIME IS MORE UPTIME with CleanScrape ® Belt Cleaner LESS IS MORE WITH CLEANSCRAPE ® BELT CLEANER. Less Blade Replacements / More Blade Life – lasts up to 4x as long as traditional cleaners Less Maintenance / More Performance – only one tensioner adjustment ever Less Concern / More Confidence – safe for vulcanized and mechanical splices ® Registered trademark of Martin Engineering Company in the US and other select locations. © 2018 Martin Engineering Company. Additional information can be obtained at www.martin-eng.com/trademarks and www.martin-eng.com/patents. visit martin-eng.com 800.544.2947 / 309.852.2384 cleanscrape@martin-eng.com Cementos Argos Revenues Up 1.4 Percent Cementos Argos released its financial results for the second quarter of 2018. The company saw revenues advance by 1.4 percent to COP 2.184 billion ($723 million) compared to the prior-year period. Operating EBITDA fell by 11.2 percent to COP 328 billion ($108.6 mil- lion) in the second quarter compared to the same period in 2017. Consolidated cement and ready-mix ed volumes increased 0.9 percent and 1 percent respectively, on a year-over- year basis. These results reflect the challenging conditions of the Colombi- an market that were partially offset by the performance of the U.S. market, in which the company observes positive signs, especially in the ready-mixed business. Adjusted EBITDA, excluding the pay- ment of the fine imposed by the Super- intendence of Industry and Commerce in Colombia, closed in COP 404 billion ($133.8 million), 5.9 percent more compared with the same period of 2017. The EBITDA margin was 18.5 percent, with a 77.9 basis points yearly expansion. "The results for this quarter show the massive effort for cost discipline as part of our BEST program in all regional divi- sions but especially in Colombia where, as long as the demand continues to be slower than our expectations, we have to double up on any effort to make sure that we continue improving prof- itability," said Juan Esteban Calle, CEO of Cementos Argos. "For the second half of the year, we expect to remain on budget in the U.S.; to see improve- ments in the demand side in Colombia, benefiting from a more stable political environment that is boosting consumer confidence; and to continue experienc- ing stable results from Central America and the Caribbean where Puerto Rico and the eastern Caribbean operations are compensating the slower demand that we are facing in Panama." In the United States, cement and RMC dispatches increased 3.2 percent and 4.2 percent, respectively, driven mainly by the growth in the cement market in Florida, the Carolinas and the Mid-Atlantic region, and positive results in the ready-mixed business in the South-Central zone. The outlook for the cement and con- crete market in the United States for

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