Colombia Cementos Argos sales seen up 4%, 2007

Colombia Cementos Argos sales seen up 4%, 2007
Published: 08 February 2007

Colombian largest cement and cement products maker Cementos Argos expects to increase the volume of its sales in the country to 4.25Mt of cement in 2007, up by four per cent YoY officials of the company said.
Currently Cementos Argos holds a market share of about 50 per cent in Colombia and is encouraged in its projections by the rising domestic demand, the increasing number of public and private projects and the overall economic stability. 
In 2006 Cementos Argos was affected in its performance by the impossibility to export from its plants in Venezuela. 
The company registered a considerable decrease in its profit for the year, despite its stable performance on the US and Colombian markets, which account for some 95 pct of its sales. Over half of the revenue of Cementos Argos comes from its operations in the USA.