Cement News tagged under: Argos
Colombia: Argos 3Q15 profits jump 63% YoY23 November 2015, Published under Cement NewsCementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a 15 per cent rise. For the nine-month period ended September, total cement sales reach 10.7Mt, reflecting an increase of 14 per cent when compared with 9M14. Argos concrete sales, which were particularly successful in the US and Colombia, advanced seven per cent to 9Mm3 in the quarter and five per cent in the first nin... |
Cementos Argos03 February 2015, Published under Cement NewsFor the second year running, Cementos Argos has been recognised for its sustainability efforts by clinching the Silver Class distinction in RobecoSAM’s 2015 Sustainability Yearbook. RobecoSAM is a private organisation that independently assesses companies that are part of the Dow Jones Sustainability Index, looking at their commitment to economic, environmental and social sustainability. Each year more than 3000 companies are invited to participate. “At Argos, sustainability is one of the... |
Argos recognised for sustainability efforts22 January 2015, Published under Cement NewsArgos has been awarded a Silver Class distinction in Robeco SAM’s 2015 Sustainability Yearbook for the second consecutive year. The company was included in the Yearbook once again for having one of the best sustainability performances due to the results it obtained in the Dow Jones Sustainability Index survey. Private entity RobecoSAM independently assesses the sustainability performances of companies that are part of the Dow Jones Sustainability Index. It lists the most sustainable compan... |
Cementos Argos to fire Rioclaro kiln with tyres14 November 2014, Published under Cement NewsColombia’s Cementos Argos will be using tyres to fire its Rioclaro kiln with the option to extend the programme to its other plants. In Colombia, 110,000t, or 7m, of waste tyres are produced annually, of which 2.5m in Bogotá. The Argos project will be able to use around 75 per cent of this national volume. |
Argos acquires French Guiana assets10 April 2014, Published under Cement NewsColombia's largest cement maker, Argos, said on Wednesday it will pay EUR50m to acquire Ciments Guyanias, owned equally by Lafarge and Holcim, just two days after the European majors announced a merger. The purchase includes a 200,000tpa clinker grinding plant and a port, both located in Degrad des Cannes, close to the capital Cayenne. Argos said the move forms part of the company’s objective to consolidate it operational and logistical cement network. The deal is also in keeping with Arg... |
Vulcan Materials Florida asset sale complete10 March 2014, Published under Cement NewsVulcan Materials Co has concluded the sale of its cement and concrete businesses in the Florida area to Cementos Argos SA for US$720m in cash. Under a separate supply agreement, Vulcan will continue to provide aggregates to the divested concrete facilities, at market prices, for a period of 20 years. "We are pleased to have successfully completed the transaction with Argos and to be working with Argos to supply aggregates to the facilities going forward," said Don James, chairman and CEO of... |
Argos: positive developments across the board25 February 2014, Published under Cement NewsArgos, closed 2013 with a strong rise in EBITDA on the back of positive contributions from all its regional divisions. Other highlights for the year were the inclusion of Argos on the Dow Jones Sustainability Index, successful issuance of preferred shares in Colombia and abroad, and new acquisitions to close a successful year for Argos. “2013 was a year that completely transformed this company. The successful issuance of preferred shares significantly helped us implement our expansion stra... |
Cementos Argos02 July 2013, Published under Cement NewsCementos Argos SA has completed the second round in the IPO of its preferred shares, allocating an additional COP209.42bn (US$111m), bringing the total transaction size to COP1.611trn. The company has recently completed a US$60m investment in the Dominican Republic where its new brand Argos Dominicana has replaced Cementos Colón, which Argos gained control of in 2009 having first entered the Dominican market in 1996. Since then, it has integrated and aligned its operations to become L... |