Cement News tagged under: Argos

RSS feed

Argos records revenues of COP2.2trn in 1Q20

06 May 2020, Published under Cement News

In the first three months of 2020, Argos (Grupo Argos) reported revenues of COP2.2trn (US$5.6bn), a figure that remains stable when compared to 2019. EBITDA, including the effect of IFRS16, was COP343bn, decreasing one per cent when compared to the same quarter of the previous year. During the period, the total volume of cement dispatched reached 3.6Mt, down 6.1 per cent, and ready-mix volumes fell 10.7 per cent to 2.1Mm 3 . "In general, the results were impacted mainly because of the clo...

Argos reports 11% rise in revenues in 2019

23 March 2020, Published under Cement News

On a consolidated basis, Colombia-based cement producer Argos reported an 11.4 per cent increase in revenues and a 14.3 per cent increase in EBITDA during 2019. The year ended satisfactorily with advances of 11.4 per cent in revenues and 14.3 per cent in EBITDA. Operations in the USA saw significant volume growth and prices in Colombia and the Caribbean recovered. The Central America region maintains conjunctural difficulties in Honduras and Panama, which was offset to some extent by the ...

Argos recycled more than 1m bags in Colombia

10 February 2020, Published under Cement News

Colombia-based cement producer Argos recycled more than one million bags of cement last year, thanks to the Green Sacks Programme, which sees a more sustainable production line. “Between 2013, the start date of the programme, and 2019, we have recycled 808t of paper thanks to the return of more than five million bags, thus avoiding the cutting down of more than 8000 trees and saving about 64,000m3 of water, equivalent to 26 Olympic swimming pools,” said David Restrepo, the company’s supply...

Argos receives the Gold Class distinction in the RobecoSAM Yearbook

04 February 2020, Published under Cement News

After being recognised as one of the most sustainable cement companies in the world by the Dow Jones Sustainability Index, thanks to its best practices in social, environmental and economic initiatives, Cementos Argos was honoured by RobecoSAM, an international investment company with a specific focus on sustainability investments, with the Gold Class award in its 2020 Sustainability Yearbook.  This distinction recognses that Argos has a strong, on-going commitment to matters such as the d...

Two Argos plants receive Wildlife Habitat Council Conservation Certification

15 January 2020, Published under Cement News

Argos' (Grupo Argos) Atlanta and Newberry cement plants have achieved the Wildlife Habitat Council (WHC) Conservation Certification. The company had to demonstrate that they have a meaningful wildlife habitat management and conservation education programme, provide third-party credibility, produce an aggregated metric for reporting and demonstrate a long-term commitment to managing quality habitat for wildlife, conservation education and community outreach initiatives. As part of their c...

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...