Cementos Argos bond offering, Colombia
Colombia's largest cement firm, Cementos Argos raised COP700bn (US$389m) through its bond offering on May 16. The offering was 2.17 times oversubscribed, the company said in a...
Colombia
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Argos gets green light for spin-off, Colombia
Grupo Argos (formerly Inversiones Argos) and Cementos Argos received today the approval of the Colombian Financial Superintendence to spin-off certain non-cement assets, curren...
Cementos Argos net profit rises
Cementos Argos, Colombia's largest cement producer, posted a net profit in 1Q12 of US$144m, from US$16m a year earlier. Operating revenue was US$587m, the company said in a sta...
Inverargos shareholders approve name change, Colombia
Shareholders of Inversiones Argos (Inverargos), the investment arm of Colombia's largest cement firm Cementos Argos, approved a name change to Grupo Argos during a meeting held...
Colombian output and dispatches rise, uncertainties ahead
Colombian cement production and dispatches have continued to rise in the first two months of 2012, however, uncertainty exists over near-term forecasts as the La Niña weather e...
Colombian cement sales up 14.2% in January
Colombian cement sales in January reached 868,400t, up 14.2% than in January 2011. In this month 823,3000t were shipped to the domestic market, which represented an increase of...
Cements Argos: positive outlook after strong 2011 results
Cementos Argos, Colombia's largest cement producer, achieved more than COP3.6bn (US$2bn) in consolidated revenues for FY2011, representing YoY growth of 21% in peso terms as it...
Colombia full-year output and consumption advances
Cement production in Colombia grew by 13.4 per cent during 2011, rising from 9.5Mt to 10.7Mt, as dispatches also increased 13.8 per cent over 2010 with 10.1Mt. According to ...