Grupo Argos 3Q profit surges 75%, driven by Cementos Argos recovery
Grupo Argos, parent group of Colombian cement giant Cementos Argos , has announced a 75 per cent YoY increase in its net profit for the third quarter of 2024, reaching COP332bn ...
Grupo Argos
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Gilinski launches offer for sizeable Grupo Argos stake
In Colombia business tycoon Jaime Gilinski has launched a public acquisition offer for a sizeable stake in Grupo Argos. Mr Gilinski is seeking a stake of 26-32.5 per cent of Arg...
Argos North America Corp signs ESG-linked loan
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 sha...
Climbing regional cement shipments for Argos in the 1H21
Argos announced its 1H21 results this week with regional cement shipments climbing in the USA and in the Caribbean and Latin America. In the USA cement volumes saw a solid incre...
Argos cement exports to the USA grow by 419%
For Argos, the Grupo Argos cement company, exports have been a key element in the process towards recuperation after the effects generated by COVID-19 and, in the first five mon...
Argos sees high 1Q21 cement volumes in Colombia and Central America
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, ...
Grupo Argos formalises COP392bn sustainable linked loan
Grupo Argos and Bancolombia signed the first loan agreement tied to sustainability indicators in Colombia, where the interest rate is tied to the company’s performance on gender...
Argos signs COP160bn ESG-linked performance loan with BBVA
BBVA and Argos (Grupo Argos) signed a long-term financing agreement through a sustainable loan in an ESG-linked format for COP160bn (US$44.8m) where the loan includes a pricing ...
Argos USA ready-mix to settle alleged price-fixing case
Argos group's ready-mix concrete subsidiary, Argos USA, is to settle a US$20m payment over an alleged price-fixing cartel involving several members of staff in the state of Geor...
Grupo Argos to cut costs by nearly US$245m in 2020
Colombia’s Grupo Argos, parent of Cementos Argos, is expected to defer investments and cut spending by nearly COP1trn (US$245m) this year, amid uncertainty about the economic im...