Cement News tagged under: Cementos Argos
Cementos Argos inaugurates solar park in Honduras22 September 2023, Published under Cement NewsCementos Argos has opened its new solar park at its Choloma unit in Río Blanquito, Honduras. The facility is the second-largest in the Honduran cement industry. The company has invested US$1.2m in the new energy facility, which consists of 2100 photovoltaic modules. The solar park will be able to generate 1.6kWh annually and supply 25 per cent of Argos’ plant in Choloma. The project follows a similar one installed at the Comayagua plant in 2020, which consists of more than 32,000 modul... |
Argos receives US$272m sustainability-linked loan26 July 2023, Published under Cement NewsColombia’s Banco de Bogotá has disbursed a US$272m sustainability-linked loan to Cementos Argos . The agreement allows a gradual reduction in interest rate subject to the cement producer’s compliance with two environmental indicators: net specific CO 2 emissions and a supplier sustainability assessment. The loan has a repayment term of 60 months with a 24-month grace period. Under the conditions of the loan, the cement company must reduce its Scope 1 net specific CO 2 emissions to 523kg... |
WBA claims few science-based biodiversity assessments are carried out06 December 2022, Published under Cement NewsThe World Benchmarking Alliance’s (WBA) new Nature Benchmark has analysed around 400 companies on their operations impact on nature and biodiversity, including many from the construction and mining sector. The top 10 construction material companies have been ranked 1-10 for their reduced impact on nature and biodiversity: 1. Holcim , 2. CEMEX , 3. Siam Cement Group , 4. Owens Corning, 5. CRH , 6. Cementos Argos , 7. Heidelberg Materials , 8. Saint-Gobain , 9. Asia Cement Corp ,... |
Argos triples port capacity09 August 2022, Published under Cement NewsCementos Argos recently inaugurated a second port terminal in Cartagena, Colombia. The project is part of the company’s wider port expansion project and represents the Latin American cement producer’s ambitions to increase its exports, particularly to the North and Central American markets. By Alberto Carlos Riobó, Cementos Argos, Colombia. The second terminal in Cartagena, Colombia, will enable Argos to triple its cement and clinker exports to 3.5Mta Cementos Argos’ recently-in... |
FLSmidth forms ECOClay partnership to fully electrify clay calcination27 April 2022, Published under Cement NewsTo further decarbonise the cement industry, FLSmidth and a series of leading industry experts have formed a new partnership called ECoClay TM . To reduce CO 2 emissions from cement production by up to 50 per cent, the ECoClay partners will develop and commercialise the technology needed to replace fossil fuels in the calcination of clay by fully electrifying the process. Current clay calcination processes have gained momentum in recent years – especially with FLSmidth’s flash calciner sys... |
Argos set to commission new terminal23 December 2021, Published under Cement NewsArgos has invested close to US$42m for the construction of a new terminal in the free trade zone of Cartagena, Colombia. As such, it is expanding its port infrastructure and the movement of cement, clinker and other raw materials to 3.5Mta, which will triple its capacity to receive and export products. The new terminal is expected to begin operations in the first quarter of 2022. "We are extremely proud to materialise this ambitious project to expand our export capacity from Colombia and t... |
Cementos Argos to list US business on NYSE09 December 2021, Published under Cement NewsCementos Argos plans to list its US business on the New York Stock Exchange after several months of analysis. The company will be listed through an initial public offering registered under the rules of the US Securities Exchange Commission (SEC) and will implemented once the structuring process has been completed, in compliance with applicable US regulations. The cement producer will aim to improve the share price for partners and optimise the capital structure. As a result, Cementos Arg... |
Cementos Argos announces 5% increase in 3Q revenue09 November 2021, Published under Cement NewsCementos Argos has posted consolidated revenues of COP2489bn (US$641.82m) in the third quarter of 2021, up 5.3 per cent YoY, favoured by the positive evolution of volumes and prices. Adjusted EBITDA also increased 2.4 per cent YoY to COP473bn from COP462bn in the 3Q20. The positive EBITDA evolution was mainly attributed to the performance of Colombia, in a combination of better market environment and commercial efforts to increase the company’s exposure to the retail segment. Cost headwind... |
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... |
Argos North America Corp signs ESG-linked loan16 August 2021, Published under Cement NewsArgos North America Corp (Grupo Argos) entered into a new loan for US$300m, in which the interest rate is linked to CO 2 emission reduction indicators and an increase in the share of women in leadership positions. Grupo Argos continues to demonstrate its concrete commitment in implementing positive Environmental Social Governance (ESG) practices with this initiative. Cementos Argos SA and Argos USA LLC will act as guarantors in this operation. The financial entities with which the... |