Cement News tagged under: Argos
Argos strike in French Guiana ends26 June 2023, Published under Cement NewsThe three-week strike at Argos Guyane in French Guiana has ended. On 24 June and following several days of talks, an end-of-strike was signed between the parties and the company’s activities will resume on 26 June. The strike centred around three claims: a request for financial expertise, the arrival of the new CEO and the departure of the managers in place. While the first two claims were fully met, in terms of the departure of the current managers a different solution was found. From now... |
Saxum partners Dome Technology in Argos dome project26 May 2023, Published under Cement NewsSaxum has reported that it is working on the project for the expansion of the Argos USA 's Port Terminal, Houston, Texas, USA. Along with project partners Dome Technology , Saxum is constructing a new 50,000t storage dome at the terminal. CemNet reported in January 2023 that Argos USA ordered a Bruks Siwertell 490 M-type ship unloader for this terminal. |
Argos reports record 1Q23 operating EBITDA10 May 2023, Published under Cement NewsArgos recorded an operating EBITDA of US$127m in the 1Q23, the highest achieved in a first quarter in its history and 41.3 per cent higher than in the 1Q22. Regarding consolidated revenues, it earned US$721m, representing a growth of 11.9 per cent compared to the previous year. Net profit closed at US$25m, while the leverage index stood at a level of 3.1 times, with a slight increase compared to December, mainly caused by the accelerated revaluation of the Colombian peso at the end of Ma... |
Colombian environment ministry recognises Argos carbon neutrality contribution19 January 2023, Published under Cement NewsColombia’s Ministry of Environmental and Sustainable Development has recognised cement producer Argos , part of Grupo Argos, as an active participant in the National Carbon Neutrality Programme. Through its participation in the programme, Argos commits to supporting Colombia’s target to reduce its greenhouse gas emissions by 51 per cent by 2030 when compared with the reference scenario, and to achieve carbon neutrality by 2050. One of the pillars of its commitment is the replacement of fo... |
Infrastructure: the shining light in Colombia’s cement market12 December 2022, Published under Cement NewsThe infrastructure sector has played a key part in the prosperity of Colombia’s construction and cement industries. Going forward, analysts forecast a modest market expansion. By Bancolombia, Colombia, and ICR Research, UK. Colombia’s cement producers are looking to the infrastructure market to increase sales (Pictured: Argos’ Cartagena plant) Over the last decade, Colombia’s infrastructure sector has been fundamental to the performance of the country’s construction market and, ... |
Argos buys 200 mixer trucks in USA25 August 2022, Published under Cement NewsArgos ( Grupo Argos' Cement Co ) is renewing its fleet of trucks in the USA by purchasing 200 mixer trucks with state-of-the-art technology. These trucks, representing nearly US$40m in investment, will be incorporated in stage one of a comprehensive fleet expansion and replacement plan spanning the next five years. The company estimates new additions at the beginning of the 2Q23 as part of this project. "With the acquisition of these new assets, we continue our dedication to deliver... |
Argos generates revenue of COP2.9trn in 2Q2211 August 2022, Published under Cement NewsArgos, ( Grupo Argos ) recorded revenues and strong demand for cement and ready-mix, mainly in the United States and Colombia, as well as stable operating results in an environment of high-cost inflation helped by its strategy, the flexibility of its fuel matrix and the partial hedging of fuel prices. From April to June 2022 (2Q22), the cement company generated revenues for COP2.9trn (US$670m), 15.3 per cent higher compared to the same months of the previous year. Also, it obtained an adj... |
Sunshine for Argos Honduras23 May 2022, Published under Cement NewsThe Honduran cement industry will see a further round of upgrades and expansion as Argos invests US$23m in key projects at its Piedras Azules and Río Blanquito cement plants. In addition to the expansion of Piedras Azules’ cement capacity, the company will also be investing significantly in renewable energy, including solar power. By Argos, Honduras. The solar farm at Argos’ Piedras Azules plant, inaugurated in 2020 Argos has announced that it will invest US$23m in strategic pro... |
Inflationary pressures impact Argos results in the 1Q2211 May 2022, Published under Cement NewsArgos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly due to higher inflationary pressures that impacted costs associated with raw materials, energy, freight, and operational maintenance. The company highlights the very good price performance in all regions, which is expected to mitigate the impact of inflation on costs going forward. Cement volumes remained stable a... |
The low-carbon cement bet10 May 2022, Published under Cement NewsCementos Argos has developed a low-carbon cement using alkaline activation technology to formulate hybrid cements. This type of green cement allows the increased use of supplementary cementitious materials activated with additives which significantly reduces the clinker content and, therefore, CO 2 emissions. By MF Díaz-Burbano, Cementos Argos, Colombia. To activate the SCM correctly, additives are fed into the process using an accurate dosage system Supplementary cementitio... |