Argos to begin Panama Canal exports in December

Argos to begin Panama Canal exports in December
Published: 11 November 2010

Argos has posted concrete sales of 1.4Mm3 in Colombia (a nine-month record) and 2.8Mm3 in the US. Its national sales of cement came to 3.1Mt and exports to the US and the Caribbean totalled a further 1.9Mt. In consolidated terms, to the end of September 2010, assets at Cementos Argos totalled Peso$15,600bil, up 6%. The firm’s net worth grew 18% to reach Peso$11,500bil. The cement group has added that its production line in Cartagena is currently working at 60% of its nominal capacity. Cementos Argos is hoping to carry out its first exports of cement and similar to the expansion project at the Panama Canal in December.