Cementos Argos - June 2013

Cementos 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 Latin America’s fifth largest cement producer with operations in Colombia, US, Panama, Haiti, Suriname, five Caribbean islands and the Dominican Republic.