Argos to begin Panama Canal exports in December
Argos has posted concrete sales of 1.4Mm3 in Colombia (a nine-month record) and 2.8Mm3 in the US. Its national sales of cement came to 3.1Mt and exports to the US and the Caribbean totalled a further 1.9Mt. In consolidated terms, to the end of September 2010, assets at Cementos Argos totalled Peso$15,600bil, up 6%. The firm’s net worth grew 18% to reach Peso$11,500bil. The cement group has added that its production line in Cartagena is currently working at 60% of its nominal capacity. Cementos Argos is hoping to carry out its first exports of cement and similar to the expansion project at the Panama Canal in December.
Published under Cement News
