Colombian Cementos Argos to export 2.5Mt cement to USA 2006

Colombian Cementos Argos to export 2.5Mt cement to USA 2006
Published: 26 September 2006

Colombian cement and cement products maker Compania de Cementos Argos, one of the main cement producers in Latin America, plans to export 2.5Mt of cement to the United States in full year 2006, the newspaper Portafolio said on September 25, 2006. 
 
The figure would represent 8.0 pct of the total imports of cement to the USA, expected for the current year. Cementos Argos has the aim to increase the said percentage to 12 pct by 2010. 
 
The company recently announced an investment of $275 mln (215.76 mln euro) in the construction of a new plant in Cartagena, northern Colombia. 
 
Cementos Argos is the fifth largest cement maker in Latin America, with assets in Venezuela, Haiti, Panama and the Dominican Republic, exporting to 25 countries.