Cement News tagged under: Argos

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Argos named as second most-sustainable cement company in the world

16 September 2019, Published under Cement News

Argos, part of Grupo Argos, was included for the seventh-consecutive year in the Dow Jones Global Index (DJSI) and was highlighted as the second most-sustainable cement company in the world. Companies were rated on their sustainable construction, materiality, risk and crisis management, tax strategy, environmental reporting, biodiversity, climate strategy, water related risk, social reporting, citizenship and philanthropy. Around 3500 companies of the largest in the world were studied acc...

Argos' Harleyville plant wins Energy Star®

22 August 2019, Published under Cement News

Argos has been awarded the Energy Star® certification from the United States Environmental Protection Agency for the second-consecutive year for its Harleyville cement plant. Argos has been recognised  for its commitment to reduce and efficient use of energy and the preservation of environmental resources. The award for the Harleyville plant follows those obtained by the Newberry and Roberta plant in 2017 and 2018, respectively. "We are delighted to be granted with this certification tha...

Argos Panamá submits EIS for Balboa clinker plant

21 August 2019, Published under Cement News

Argos Panamá SA has submitted an environmental impact study for its Balboa project to the country’s Environment Ministry. The new clinker plant will be built on a 18ha plot in Buena Vista, Colón province. The works will include limestone crushers, raw material grinding and clinker production equipment as well as conveyors, according to CentralAmericaData. The project represents an investment of US$168m.

Argos opens packaging plant in Dominica

31 May 2019, Published under Cement News

Argos, a cement company of Grupo Argos, has opened a new packing plant on the island of Dominica in the Caribbean to allow a more reliable and timely supply of cement. The plant's packer has three nozzles and a capacity of more than 1000 bags per hour. The scope of the project includes structural and ergonomic improvements and the replacement of the system's dust collector, which will allow for cleaner and more environmentally-friendly processes, says Argos. Argos has been present in the i...

Argos' consolidated revenues rise 14% in 1Q19

14 May 2019, Published under Cement News

In the first three months of 2019, Argos reported revenues of US$693.8m, an increase of 14 per cent on 1Q18. Operating EBITDA reached US$99.39m, 3.7 per cent higher, while net profit totalled US$4.9m. Total cement volumes for Argos amounted to 3.8Mt, 4.7 per cent higher than in 1Q18, while concrete volumes rose by 2.3 per cent to 2.4Mm 3 . "These results are the reflection of a great teamwork that results in the growth of our revenues and volumes, the increase of our financial flexibility...

Cementos Argos sees falling volumes

21 May 2018, Published under Cement News

Cementos Argos released its 1Q18 results this week , announcing revenues of COP1.9trn (US$670m), but cement sales fell by 4.1 per cent to 3.7Mt and ready-mix volumes by 7.5 per cent to 2.4Mm 3 . ICR reviews the state of Cementos Argos' regional markets and guidance going forward. The outlook for the cement and ready-mix market for the rest of the year remains positive, mainly boosted by the residential segment, which is expected to continue gaining momentum, supported by the solid f...

Argos consolidated EBITDA jumps 31% in 1Q18

14 May 2018, Published under Cement News

Argos has announced revenues of COP1.9trn (US$670m) and a net profit of COP54.bn in the first three months of 2018. EBITDA increased 31 per cent YoY to COP371bn. However, cement sales fell by 4.1 per cent to 3.7Mt while concrete sales volumes fell 7.5 per cent to 2.4Mm 3 . The lower volumes have been attributed mainly to the winter season that affects some US states to a greater extent as well as a large number of holidays in Colombia and the Caribbean. Demand from the housing segment was ...

Colombia: SIC confirms cartelisation sanctions

24 April 2018, Published under Cement News

The Colombian Superintendent of Industry and Commerce (SIC) has ratified sanctions imposed in December on Argos, Holcim Colombia and Cemex Colombia, for price cartelisation between 2010-12. The three cement producers have been fined a combined COP201,616m (US$71.7m). Cementos Argos will have to pay a fine of COP73,771m, the same sum already paid by Cemex at the start of this year. Holcim’s fine amounts to COP54,074m. Following an indication that they will pay the fine in the next few d...

Gary De La Rosa new MD Argos in Dominican Republic

10 August 2017, Published under Cement News

Colombia-based cement and concrete producer Argos has appointed Gary Manuel de la Rosa as new Managing Director of its operations in the Dominican Republic. "It is very satisfying for our organisation to communicate these movements that enhance the experience and skills acquired, and therefore I assume this new challenge with great optimism focussed on working for the sustainable growth of Argos and that of our clients," said Mr De La Rosa. As a civil engineer, Gary De La Rosa holds a ...

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por...