Cement News tagged under: Cementos Argos

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CO2 to biofuels at Argos

20 September 2021, Published under Cement News

To 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 loan

16 August 2021, Published under Cement News

Argos 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...

Argos opts for Klaveness Digital's CargoValue shipping platform

13 August 2021, Published under Cement News

Argos has signed on with Klaveness Digital to roll out shipping and logistics platform 'CargoValue' throughout the supply chain. Following a successful pilot project during the 2Q21, the move solidifies Argos’ digitalisation agenda to preserve its strong market foothold in the Americas. "CargoValue has enabled us to digitalise existing processes to improve visibility and make better decisions throughout the supply chain towards that goal,” says Gabriel Ballestas, senior director of Tradin...

Argos sees high 1Q21 cement volumes in Colombia and Central America

11 May 2021, Published under Cement News

In the 1Q21 Argos recorded consolidated income of US$651.6m and EBITDA was US$125.1m. This was thanks to better dynamics in all markets and a lower comparison base in Colombia, and the Caribbean and Central America.   Cement volumes reached 4.1Mt, thus representing an increase of 19 per cent compared to the 1Q20. Cconcrete shipments totalled 2Mm 3 , with a decrease of 4.4 per cent, mainly caused by weather conditions in the USA and a slower recovery of formal construction in Colomb...

Which US cement producers can exploit higher cement demand in 2021?

16 April 2021, Published under Cement News

The Portland Cement Association's ( PCA) Spring Cement Consumption Forecast for 2021-22 indicated that cement demand in the USA could match or exceed last year's growth of two per cent, despite the loss of nearly 9.5m jobs and a severe decline in real GDP as a direct result of the country's lockdowns and economic impact from COVID-19. Further, the PCA was keen to highlight the long-term upturn in US cement demand that would be supported by the US$2.2trn eight-year infrastructure 'Bui...

Cementos Argos' 4Q20 regional results

26 February 2021, Published under Cement News

Following yesterday’s financial results , Colombia’s Cementos Argos has also reported its regional breakdown for the final quarter and full year of 2020. USA region The company’s USA region saw a three per cent decline in cement volumes to 1.489Mt in the final quarter of 2020, compared with 1.535Mt in the 4Q19. The construction sector maintained a positive trend, supported by the strong performance of the residential segment and by a slight improvement in the infrastructure sector, accor...

Cementos Argos reports 16% rise in EBITDA

25 February 2021, Published under Cement News

Colombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of 2020, dispatching 3.96Mt. The rise was attributed in part to greater export activity from Cartagena ...

Cementos Argos recognised as a world reference in sustainability

16 November 2020, Published under Cement News

For the eighth consecutive year, Cementos Argos, was recognised by the Dow Jones Sustainability Index (DJSI) as one of the world's leading companies in the construction materials sector for its good practices in economic, environmental and social matters.     "At Cementos Argos we are very excited and satisfied with this result which today makes us a world reference and demonstrates the commitment of all our employees to closing gaps and implementing good practices in social, environmenta...

Cementos Argos' EBITDA grows 10% in 3Q20

13 November 2020, Published under Cement News

Argos (Grupo Argos) delivered satisfactory results during the third quarter, amid the COVID-19 pandemic. The company reported an improvement in EBITDA despite the impact on volumes mainly caused by hurricanes and heavy rains in the USA.  During the period, consolidated shipments of cement and concrete registered a decrease of 8.4 per cent and 19.5 per cent, respectively, and of 12.7 per cent and 16.5 per cent compared to 3Q19. This decline was offset thanks to the successful execution of ...

Central America’s resilience

17 August 2020, Published under Cement News

The markets of Honduras, Panama, Guatemala, Belize, El Salvador, Nicaragua and Costa Rica will have to show fresh resilience in the resultant aftermath of COVID-19. Dependent on tourism and overseas remittances, central government funds will have been hit hard and economic recovery may be a protracted struggle. While Guatemala is home to Central America’s largest cement production base, accounting for 5.8Mta of capacity, it has seen imports rise in recent years like elsewhere in th...