Cement News tagged under: Cementos Argos

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Paving the road for Colombia

23 January 2017, Published under Cement News

With an infrastructure master plan that will see COP54.8bn poured into Colombia’s road network alone, the future for the country’s cement industry is positive. Anticipating sustained market growth, existing and new players are expanding production capacity and in some cases, phasing out old, wet-process technology. By Bancolombia, Colombia. Colombia is embarking on a large-scale infrastructure master plan with a major focus on the transport network Back in May 2014, Bancolombia ...

Cementos Argos becomes a member sustainability index

19 January 2017, Published under Cement News

Cementos Argos has joined the FTSE Good Emerging Index which measures the performance of companies demonstrating strong environmental, social and governance (ESG) practices. The index is operated by FTSE Russell and is listed by Rate the Raters as one of the top three indexes in the global sustainability market and is recognised as an index for ESG issues for investment decisions.

Argos becomes the fourth largest US cement producer

05 December 2016, Published under Cement News

Cementos Argos is now the fourth largest cement plant in the United States after the Federal Trade Commission approved the acquisition of the 2.2Mta Martinsburg cement plant and the eight product dispatch and receipt terminals for US$660m. The assets acquired open the door to new markets in the states of Pennsylvania, Maryland, District of Columbia, New York, New Jersey and Ohio. Cementos Argos has expanded its presence in the United States, reaching 13 states and increasing its produ...

HeidelbergCement completes sale of US assets to Cementos Argos

01 December 2016, Published under Cement News

HeidelbergCement has completed the US$660m sale of the Martinsburg cement plant and eight terminals to Cementos Argos. HeidelbergCement had been required to sell the West Virginia plant to comply with regulators following the acquisition of Italcementi. It is expected that the company will use the proceeds of the sale to pay down some of debt it took on to finance the acquisition process. “With the disposal of the US assets we fulfil the obligation of the FTC and improve the net financ...

Colombia's road ahead

25 November 2016, Published under Cement News

In a week that has seen LafargeHolcim announcing the start of construction of a new 0.5Mta cement plant in Buga and Cementos Argos reporting a significant fall in profits for 3Q16 ICR looks at the road ahead for the Latin American country. Some six months ago Colombia’s cement industry appeared to have nothing but a sparkling future and recent news that LafargeHolcim is investing in a new US$30m production in Valle del Cauca seemed to support this view. However, recent months have seen ...

Cementos Argos hit by Colombia’s infrastructure slowdown

23 November 2016, Published under Cement News

In a trading update for the third quarter of 2016, Cementos Argos announced that its profits were down by 22.7 per cent YoY, with cement volumes falling by 7.4 per cent to 3.557Mt. Figures for the nine months to the end of September 2016 were more positive, with the company’s net income rising by 18.7 per cent YoY to COP393bn (US$125m). The third-quarter figures were negatively impacted by a slowdown in the company’s home market. Cement dispatches in Colombia fell by 22.1 per cent in 3...

USA: FTC approves HeidelbergCement divestiture

16 November 2016, Published under Cement News

The US Federal Trade Commission (FTC) has given its approval to an application from HeidelbergCement and Italcementi for the divestiture of the Essroc Martinsburg cement plant in West Virginia and eight cement terminals, local newspaper the Morning Call reports. The plant and terminals are to be acquired by Cementos Argos for US$660m. The divestiture was required by the FTC to preserve competition in the face of the merger of HeidelbergCement and Italcementi. The deal was originally ag...

Cementos Argos sees Honduras potential

21 October 2016, Published under Cement News

This week it was announced that Cementos Argos was looking to expand its overseas cement capacity by upgrading its 0.3Mta Cementos del Sur (Cesur) facility in San Lorenzo Valley, southern Honduras. Cementos Argos bought Lafarge’s 53.3 per cent shares in the Cesur grinding station as well as the 1Mta Piedras Azules integrated plant from Lafarge in 2013 for EUR232m. The Honduran population is expected to grow by 1.4 per cent annually from 8.4m in 2013 to 8.65m in 2020. In four years' time...

Cementos Argos

19 October 2016, Published under Cement News

Colombia’s cement producers, including Cementos Argos, will be awaiting the fallout from the country’s ‘no’ vote on October 2. Following four years of planning the Colombian government signed a peace agreement with the rebel group Fuerzas Armadas Revolucionarias de Colombia (FARC) in June this year, putting the deal to the public vote via a referendum earlier this month. A surprise ‘no’ vote (winning with 50.25 per cent of the votes), believed to be due to the deal being too lenient on the r...

Visible cracks

10 October 2016, Published under Cement News

Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha...