Argos to evaluate cement price cuts

Colombia’s vice president, Angelino Garzon, met with Cementos Argos directors to discuss cement pricing in the country.

"I said it is very important that Argos can talk to other cement companies to help the Government to achieve a compromise which allows lower cement prices," said the official.

Argos said it would review the pricing structure and seek a reduction in cement prices, in consultation with other cement companies. However, it said the recent price increases were due to higher freight and fuel costs.

Cement prices in Colombia are reportedly the highest in Latin America.