Wednesday, May 31, 2023

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Roberto Peckham

Medellin’s world-famous “Metro” transit system – featuring electric railcars, electric roadway trams, electric aerial tramways carrying passengers up steep mountainsides, natural-gas-powered bus rapid transit (BRT) systems and free bicycles adjacent to Metro stations – mobilized 258 million passengers in 2015, up 9.8% year-on-year.


ProColombia – the national government’s export promotion agency – on March 16 touted Medellin-based, high-tech-sensor maker Ubidots as an outstanding example of successful international business development.


On the heels of reporting a 60% jump in profits last year, Medellin-based gold miner Minerors SA released its latest annual “sustainability” report showing that company-wide environmental spending rose to COP8.96 billion (US$2.9 million) in 2015, up from COP6.79 billion (US$2.2 million) in 2014.


Bancolombia – already Colombia’s biggest bank and now operating in 10 countries in Latin America – on March 9 reported a 21% year-on-year (y-o-y) jump in fourth quarter (4Q) 2015 net income, to COP656 billion (US$207.9 million).


The U.S. Agency for International Development (USAID) announced March 4 the launch of “Oro Legal” projects aiming to promote environmentally and socially responsible gold mining in Antioquia and Chocó departments.


Medellin-based national power generator Isagen reported March 3 that its full-year 2015 net income dipped 17% year-on-year (y-o-y), to COP297 billion (US$93 million), due to higher taxes and higher costs for dollar-denominated debt that financed construction of its new, 805-megawatt (MW) “Sogamoso” hydroelectric plant.


Medellin-based textile manufacturer Fabricato revealed February 24 in a filing with the Superintendencia Financiera de Colombia that its fourth quarter (4Q) net income rose to COP4.9 billion (US$1.5 million), up from a net loss of COP11.6 billion (-US$3.6 million) in 4Q 2014.


The Medellin-based national trade association for Colombia’s banana growers (“Asociacion de Bananeros de Colombia,” also known as “Augura”) announced March 2 that 2015 exports jumped 14% year-on-year (y-o-y), to 94 million 20-kilogram (kg) boxes.


Medellin-based construction industry giants Conconcreto and Construcciones El Condor both reported March 1 that revenues and profits are soaring thanks to recent, current and future launches of giant construction projects including the “fourth generation” (4G) highways and related ocean freight ports.


Medellin-based supermarket and retail chain Grupo Exito announced March 1 that its full-year 2015 consolidated revenues skyrocketed by 219% thanks to recent acquisitions in Brazil, Argentina and Uruguay, in addition to continuing growth in Colombia.


About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

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