Argos freezes cement prices until June ‘07, Colombia

Argos freezes cement prices until June ‘07, Colombia
Published: 26 October 2006

Colombian Cementos Argos agreed to freeze the price of a 50kg bulk of cement at COP16,000(US$6.80) until June 2007, after the Colombian government threat of price intervention. 
 
According to Colombian legislators, cement prices have risen 56 per cent since the end of 2005, boosting the costs of the local construction sectors. Moreover, cement companies have been accused of collusion.
 
The Colombian cement sector is very concentrated with  Argos, Cemex and Holcim the country’s biggest companies.