Cement News tagged under: Argos
Argos commits to new 2030 CO2 emission targets26 October 2021, Published under Cement NewsOn 25 October 2021 Argos held a climate change webinar in which it committed to reduce its CO 2 emissions by 29 per cent in its cement plants by 2030. In just over the last decade, the company has already reduced its CO 2 emissiosn by 14 per cent from its baseline. By 2050, Argos will offer carbon-neutral concrete, aligned with the Net Zero ambition plan of the Global Cement and Concrete Association (GCCA). The Colombia-based cement producer will achieve its new targets by maximising w... |
CO2 to biofuels at Argos20 September 2021, Published under Cement NewsTo address the urgency of the climate crisis, a wide range of CCUS technology pathways are being explored by the cement industry. One of these options is the use of microalgae to capture CO 2 and transform it into valuable products. Over the past 10 years, Argos has been researching and scaling up the use of microalgae. Recently, the company has been testing a group of technologies to capture CO 2 directly from the cement plant smokestack using photobioreactors (PBRs) and transform the res... |
Colombia's tax change may impact Argos valuation30 August 2021, Published under Cement NewsColombia's Congressional Economic Committees have voted in support of the tax change proposed by Iván Duque's government, a step that could impact the valuation of domestic cement producer Argos, according to a report by UBS. The project, also known as social investment, targets an additional COP15.2bn (US$3.97m) to the state purse and UBS research expects a 35 per cent increase in corporate taxes and a 38 per cent in financial sector taxes. While the tax change is expected to improve Colo... |
Argos records 1H21 cement shipments of 8.6Mt12 August 2021, Published under Cement NewsArgos recorded cement shipments of 8.6Mt in the 1H21, an increase of 26.9 per cent compared to the 1H20. The advance was supported by the performance of the group in the USA, the Caribbean and Central America, as well as having a low comparison base. Consolidated revenues reached US$1.3bn, up 11 per cent compared to the 1H20. Likewise, EBITDA rose by 29.9 per cent to US$266.7m. EBITDA margin , excluding the profits on the sale of concrete assets, reached a record of 20.3 per cent, the hig... |
Cementos Argos achieves ‘outstanding’ FTSE4Good recognition02 August 2021, Published under Cement NewsArgos, (Grupo Argos) is the only Colombian company on the FTSE4Good Sustainability Index to achieve an outstanding listing in its category for its environmental, social, governance (ESG) practices among North American, European and Asian organisations. The companies are evaluated on more than 150 indicators that cover topics such as efficient use of water, climate change, biodiversity, health and safety, labour standards, human rights and communities, fiscal transparency, corporate gover... |
Virtual IEEE-IAS/PCA event13 July 2021, Published under Cement NewsThe 63rd IEEE-IAS/PCA Cement Industry Technical Conference was held on 24-28 May 2021 as a virtual event, consisting of training workshops, technical conference, international exhibition and three plant tours. ICR, a media sponsor for the event, took part in the virtual conference and followed the presentations remotely to deliver this report. CIC Chair, Chris Macey, opens the virtual IEEE-IAS/PCA event, held on 24-28 May 2021 Chris Macey, CIC chair, opened the main conference s... |
Newberry plant sets two new records12 July 2021, Published under Cement NewsArgos has announced that in June 2021 its Newberry plant in Florida, USA, smashed two previous records. It produced 140,421t, beating the previous record set in June 2019 (127,800t) by nearly 20,000t. Because of this increase in production, the plant was also able to ship 128,728t of product to customers and its ready-mix plants, beating the previous record of 120,900t, set in 2019, by more than 7000t. "Everyone at the Newberry plant is excited and proud to see these records being set. W... |
Argos reaches 25 years of operation in the Dominican Republic25 June 2021, Published under Cement NewsArgos is celebrating 25 years of operation in the Dominican Republic. "Throughout this time, the company has had the chance to contribute to positively transforming the lives of millions of people by being an ally of its clients in the construction of housing, infrastructure and commerce works, creating quality employment, hiring local labour and executing projects for the benefit of the communities and taking part in multiple alliances with different institutions", the company said in a ... |
Florida: bolder, brighter, better24 May 2021, Published under Cement NewsLike all US states, Florida has been badly hit by the COVID-19 pandemic with tourist numbers plummeting as borders shut and lockdown measures were imposed. But pent-up demand in the housing market, strong infrastructure spending and a robust construction sector should deliver a notable uptick in cement consumption in 2021-23. Florida has been badly affected by the COVID-19 pandemic with tourist numbers in freefall. However, a brighter future lies ahead Florida’s US$1trn econo... |
Argos launches Soluciones Verdes18 March 2021, Published under Cement NewsArgos officially launched its Green Solutions portfolio 'Soluciones Verdes' following a webinar on 17 March. The Colombian cement producer outlined how it will produce more environmentally-friendly products and services building towards a more sustainable future. The initiative aims to provide actions, products and services to reduce carbon emissions, adapting to natural phenomena, contributing to the circular economy and promoting well-being and comfort solutions. Green cement will be a... |