October 6, 2025
Home Archive by category Business (Page 18)
Business Companies

EPM Awards Hidroituango Completion Contract to China’s Yellow River Ltd.

EPM announced this morning (October 11) that it has finalized an estimated COP$1 trillion (US$236 million) contract with China-based Yellow River Ltd. (Colombia branch) and Colombia-based Schrader Camargo to complete the final-phase construction of the 2.4-gigawatt Hidroituango hydroelectric plant here in Antioquia. Those two companies – dubbed “CYS Consortium” – outbid
Business Politics

Medellin’s Leading Civic-Business Group Denounces Mayor Quintero Corruption Scandal

Medellin-based Todos Por Medellin – a non-partisan watchdog whose major backers include the Medellin Chamber of Commerce, ANDI (Colombia’s biggest industrial-commercial trade association), Proantioquia (business-civic promotion organization), labor unions and dozens of leading citizens– on September 21 unveiled a shocking report detailing what might be seen as the tip of
Business Companies

EPM Hidroituango Bid-Completion Analysis Favors Most-Expensive Option, Raises Suspicions

Medellin-based electric power giant EPM on September 10 publicly revealed its internal analysis of several competing bids aiming for completion of the US$5 billion, 2.4-gigawatt Hidroituango hydroelectric project here in Antioquia. Ironically, EPM eliminated two bidders — Todini Costruzioni Generali S.P.A. and China Gezhouba Group Company Limited — who
Business Companies

IMSA 2Q 2023 Net Profits Soar Year-on-Year

Medellin-based food additives, chemical-composites and consumer/industrial products maker Grupo IMSA announced August 14 that its second quarter (2Q) 2023 profits hit COP$47 billion (US$11.4 million), up from COP$2.3 billion (US$560,000) in 2Q 2022. Revenues also rose, to COP$254 billion (US$62 million), versus COP$180 billion (US$44 million) in 2Q 2022, according to IMSA.