Cementos Argos - April 2019

On the back of positive net profits in 2018, Grupo Argos has announced plans to invest COP2.6trn (US$816m) in its energy, construction and cement subsidiaries in 2019. Improving its environmental performance is one area of importance to the company, which has recently opted to switch its trucks in Medellín, Colombia, to electric-powered vehicles instead. The new trucks will be powered by 600V batteries and capable of carrying 4t of cement each. Argos aims to roll out this initiative across other cities.

The use of innovative digital solutions for its customers is also key. For example, Argos ONE is an online platform allowing consumers to order product, manage orders and deliveries, and track order in real time. According to the company, more than half of the cement sold by Argos in Colombia is now generated through the platform. Meanwhile, in Panama the use of WhatsApp has led to around 125 requests each month, equivalent to more than 61,000 bags of cement per month.