Cementos Argos and its subsidiaries own plants in the US, Panama, Haiti and the Dominican Republic, and it recently signed an agreement to start operating in Suriname.
Argos recently acquired a 50% stake in Surinam group Vensur and believes it will need to pump US$3.5m into the latter over the period 2010-2012 to increase its current production capacity of 200,000tpa.
The purchase of the Surinam firm is added to that of a cement complex in Curazao, at a cost of US$2.5m, recently as well as the buying of Holcim stakes in various Caribbean cement operations for a total of US$157m.
Argos is looking to knit together a network of production and sales across Central America and the Caribbean. It states too that it is ready to help in the rebuilding of Haiti. Argos has a plant on the relevant side of the island which was not much harmed in the recent local catastrophe.
