Colombia’s Argos to build $275m plant

Colombia’s Argos to build $275m plant
Published: 24 August 2006

Cementos Argos , Colombia’s top cement maker, will try to boost exports by building a US$275m cement plant in Caribbean port city Cartagena, the company said on Wednesday.  The plant will be able to make 1.68Mt of cement per year, starting in 2009, Argos said in a news release. Such an increase would bring the company’s total annual cement output to about 13.3Mt. 

"This project will allow Argos to continue to increase its exports," the statement said. "The objective for 2010 is to increase our share of US gray cement imports to 12 per cent," from about 8 per cent currently. 

Argos belongs to Colombia’s biggest conglomerate, Grupo Empresarial Antioqueno, and operates plants in Venezuela, the Dominican Republic, Panama and Haiti.