Cement News tagged under: Argos

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Argos buys 200 mixer trucks in USA

25 August 2022, Published under Cement News

Argos ( Grupo Argos' Cement Co ) is renewing its fleet of trucks in the USA by purchasing 200 mixer trucks with state-of-the-art technology.   These trucks, representing nearly US$40m in investment, will be incorporated in stage one of a comprehensive fleet expansion and replacement plan spanning the next five years. The company estimates new additions at the beginning of the 2Q23 as part of this project. "With the acquisition of these new assets, we continue our dedication to deliver...

Argos generates revenue of COP2.9trn in 2Q22

11 August 2022, Published under Cement News

Argos, ( Grupo Argos ) recorded revenues and strong demand for cement and ready-mix, mainly in the United States and Colombia, as well as stable operating results in an environment of high-cost inflation helped by its strategy, the flexibility of its fuel matrix and the partial hedging of fuel prices. From April to June 2022 (2Q22), the cement company generated revenues for COP2.9trn (US$670m), 15.3 per cent higher compared to the same months of the previous year. Also, it obtained an adj...

Sunshine for Argos Honduras

23 May 2022, Published under Cement News

The Honduran cement industry will see a further round of upgrades and expansion as Argos invests US$23m in key projects at its Piedras Azules and Río Blanquito cement plants. In addition to the expansion of Piedras Azules’ cement capacity, the company will also be investing significantly in renewable energy, including solar power. By Argos, Honduras. The solar farm at Argos’ Piedras Azules plant, inaugurated in 2020 Argos has announced that it will invest US$23m in strategic pro...

Inflationary pressures impact Argos results in the 1Q22

11 May 2022, Published under Cement News

Argos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly due to higher inflationary pressures that impacted costs associated with raw materials, energy, freight, and operational maintenance. The company highlights the very good price performance in all regions, which is expected to mitigate the impact of inflation on costs going forward. Cement volumes remained stable a...

The low-carbon cement bet

10 May 2022, Published under Cement News

Cementos Argos has developed a low-carbon cement using alkaline activation technology to formulate hybrid cements. This type of green cement allows the increased use of supplementary cementitious materials activated with additives which significantly reduces the clinker content and, therefore, CO 2 emissions. By MF Díaz-Burbano, Cementos Argos, Colombia. To activate the SCM correctly, additives are fed into the process using an accurate dosage system Supplementary cementitio...

Argos recycles 10.9Mm3 of water in 2021

09 May 2022, Published under Cement News

Argos ( Grupo Argos ) recycled 10.9Mm 3 of water during 2021, which represents 91 per cent of recirculation and is equivalent to the average consumption of 60,000 families per year.   The reuse of water resources reduces the volume of water withdrawal to contribute to the availability of this resource both for the company and for society, ecosystems and future generations.  Argos' sustainability and environmental strategy, specifically in its water and biodiversity pillar, is the roa...

Argos announces its new EcoStrong PLC brand

28 April 2022, Published under Cement News

Argos is announcing its new EcoStrong PLC brand. EcoStrong PLC is a high-quality blended hydraulic cement used in sustainable building practices that can reduce carbon emissions by up to 10 per cent. EcoStrong PLC exhibits Argos’ passion for developing strong solutions to build a more sustainable world together.   "I am excited to be part of Argos’ brand announcement for our Portland-Limestone Cement (PLC) Type IL product. EcoStrong PLC encompasses everything we have worked for over the ...

Argos reports consolidated EBITDA of COP2.16bn in 2021

21 February 2022, Published under Cement News

Argos, Grupo Argos' cement company , reported a consolidated EBITDA of COP2.16bn (US$55m) at the end of 2021, representing an increase of 34 per cent compared to 2020 and the highest in the company's history. The annual EBITDA margin stood at 22 per cent, the highest since 2005, when the cement company began its internationalisation process. Accumulated revenues as of 31 December 2021 reached COP9.8bn, a YoY increase of 9.1 per cent. Argos shipped 17.1Mt of cement and 7.8Mm 3 of ready...

Cementos Argos erects industrialised plant for concrete modular solutions

21 February 2022, Published under Cement News

With the installation of the first industrialised plant for concrete modular solutions in Colombia, Argos will begin to produce and market modular solutions in concrete for building houses and infrastructures in series.   The plant will begin operations at the end of the 1H22, allowing the construction of an estimated 500 homes by the end of this year. This endeavour will generate 60 direct and 300 indirect jobs. All this is part of Argos’ commitment to sustainable construction, climat...

Argos transitions to PLC production at three US terminals

15 February 2022, Published under Cement News

Argos is announcing that its Roberta plant in Alabama, USA as well as its Wilmington, Statesville, and Durham terminals in North Carolina will transition their production and distribution to Portland limestone cement (PLC) by the end of the 2Q22. This transition to PLC, a lower CO 2 -intensive cement is part of the group’s overall sustainability strategy to produce this type of cement at all its plants in 2023. Argos PLC Type IL is a high-quality blended cement, engineered to deliver a ...