Cement News tagged under: Cementos Argos

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Argos sees net income grow to US$22m in 1H19

13 August 2019, Published under Cement News

Argos has announced that the company's net income grew by 33.5 per cent to US$22m in 1H19. Argos revenues also expanded by 10.6 per cent to US$1.419m, while EBITDA registered an increase of four per cent to total US$262.4m. Cement shipments were just under 8Mt, 1.2 per cent higher than in 1H18 and concrete dispatched were 5Mm 3 , down 2.5 per cent in 1H18 due to heavy rainfall in some parts of the USA. The company also sold its stake in OMYA Andina and Cartón de Colombia in 2Q19 to ra...

Cementos Argos sets new production record in Dominican Republic

01 May 2019, Published under Cement News

Cementos Argos set a new cement production record in the Dominican Republic. The cement mill at its Nayajo plant in San Cristóbal produced 50,194t of cement, the highest production in its 20 years of operation. The cement works has a cement capacity of 0.542Mta.  

EPA fines Martinsburg cement plant US$1.5m

22 April 2019, Published under Cement News

Martinsburg cement plant, located in West Virginia, United States, has agreed to pay a US$1.5m fine for violations of the Federal Clean Air Act from 2013 through 2016, according to the Environmental Protection Agency (EPA). The EPA said in a news release that the alleged violations at the industrial site included: •  Exceeding annual emission limits for total suspended particulates and fine particulate matter less than 10 micrometers in diameter. •    Non-compliance with opacity testing, ...

Cementos Argos supplies concrete for Caribbean’s largest effluent treatment plant

08 April 2019, Published under Cement News

Colombia-based Cementos Argos has supplied 22,978m 3 of concrete for the Mirador Norte-La Zurza wastewater treatment plant, the largest in the Caribbean, according to Dominicano Ahora. The 1.2m 3 /s treatment plant, which is being built by Incatema Consulting and under supervision of the Santo Domingo Aqueduct and Sewer Corp, will benefit half-a-million people in the National District and Santo Domingo province, Dominican Republic. "At Argos, we are inspired to know that through our pr...

Grupo Argos to invest COP2.6trn in subsidiaries in 2019

29 March 2019, Published under Cement News

Colombia’s Grupo Argos, parent company of Cementos Argos, has stated that it plans to invest around COP2.6trn (US$816m) in its cement, energy and construction subsidiaries this year. Cementos Argos, Celsia and Odinsa will be the focus of the spending, made possible by the increase in net profits for the group in 2018. "In the coming years we'll continue to be a relevant player in the infrastructure of the country and the continent," said Grupo Argos CEO, Jorge Mario Velasquez.

Cementos Argos dispatched 16Mt of cement in 2018

25 March 2019, Published under Cement News

Cementos Argos has released its financial figures and strategic milestones of 2018 during the shareholders' annual meeting. Cementos Argos reported a consolidated EBITDA of COP1.54bn (US$491.7m) and a growth of eight per cent. The company dispatched 16Mt of cement and 10.3Mm 3 of concrete generating income of COP8.4bn. Net income was COP178.563m in 2018. Regional summaries US cement dispatches in 2018 amounted to 5.7Mt, while concrete dispatches reached 7Mm 3 . This raised US$1.5bn inco...

Cementos Argos helps build MLS stadium in Washington DC

22 March 2019, Published under Cement News

Cementos Argos has helped build the new Audi Field Major League Soccer (MLS) stadium in Washington DC, USA. As over 21,945Mm 3 of concrete was required for the project, Cementos Argos supplied 6000t of its Portland Type I/II Low Alkali cement to its customer’s two DC-based RMC plants from its facility in Martinsburg, West Virginia. Audi Field stadium has a seating capacity of 20,000, along with 31 luxury suites and 550 field level seats, all with a view of its 105m x 65.6m playing field....

Cementos Argos' revenues slip in 2018

21 February 2019, Published under Cement News

Cementos Argos has posted its full-year 2018 results and reported that cement and ready-mix volumes fell in 4Q18 by three and seven per cent, respectively. The company pointed to unfavourable weather conditions in the USA and higher electricity and fuel costs in Colombia that were only partially offset by stronger sales in the Caribbean. Full-year 2018 results Cement volumes in 2018 slipped to 16.02Mt from 16.19Mt in 2017, down -1.1 per cent. 

Ready-mix volumes for the full year 2018 v...

Argos USA Corp supplies concrete for Super Bowl stadium

29 January 2019, Published under Cement News

Argos USA Corp has been a key supplier in the construction of the 83,000-seat Mercedes-Benz Stadium, Atlanta, the venue for the Super Bowl 2019 between the New England Patriots and Los Angeles Rams on 3 February. Argos was chosen to deliver more than 200,000yd 3 of concrete (ready-mix) that were needed for the building. The project required more than 25,000 trips of mixer trucks. To accomplish with the technical and strength specifications of the 19 mega columns that support the stadium, d...

Cementos Argos to build space launch pad

30 November 2018, Published under Cement News

Argos Cement is currently participating as the supplier of the cement needed for the construction of the Ariane VI Space Station, being built in French Guiana. Argos will ship close to 54,500t of three different types of cement with high levels of resistance and advanced technical requirements, including a road binder as a soil stabiliser solution used for the first time in this type of work, and some sulphate-resistant cements. Argos cement will be used in the construction of all the nec...