Cementos Argos positive sales trends continue

Cementos Argos positive sales trends continue
Published: 30 July 2012

Tagged Under: Cementos Argos Colombia 

Cementos Argos has reported positive operating figures for its cement division, continuing the trends seen in the first quarter of the year. Argos. In the second quarter of 2012 operating figures showed positive growth, giving continuity to the trends first seen in the first quarter. Cement sales for the April-June period stood at 4.9Mt and ready-mix concrete sales were 4.2Mm3. 

In the Colombia division, cement sales were up six per cent and ready-mix concrete sales rose 19 per cent, confirming dynamic market conditions driven by large infrastructure, housing and commercial projects.

The US division, Arogs reported a positive EBITDA of US$2m as the construction sector showed the fastest growth rate in June for three years, reflected in better volumes. Prices continued to stablise as well.

Meanwhile, the Caribbean divison saw continued growth in most economies where Argos operates, with important deliveries being made to the expansion of the Panama Canal project.