Cementos Argos - July 2016

Colombia’s cement producers, such as Cementos Argos, will be encouraged by the signing earlier this month of a bilateral freetrade agreement between Colombia and South Korea.

The agreement is designed to serve as a gateway to the Asia-Pacific markets for Colombia and a bridge to Latin America for Korean businesses, according to the Korean International Trade Association.

With Colombia’s growing population and an economy expanding at over four per cent each year, South Korea sees itself partnering Colombia as the country concentrates its efforts on building infrastructure and providing education and housing. Among the projects already in the pipeline are metro systems, highways, ports, airports and plans to construct 1m units of housing. Cement producers will be keen to see how agreements such as these translate into increased demand for cement and other building materials.