Cement News tagged under: Cementos Argos
Grupo Argos 3Q profit surges 75%, driven by Cementos Argos recovery15 November 2024, Published under Cement NewsGrupo 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 (US$74.1m), compared to COP190bn in the same period of 2023. This marks a significant recovery from the previous quarter’s COP189bn net profit, underpinned by stronger cement demand. Total group revenues grew by eight per cent YoY to COP3.31trn (US$739.1m) in the 3Q24, with cement operations led by Cementos Argos ... |
Argos Panama’s strive for carbon neutrality10 September 2024, Published under Cement NewsArgos Panama (part of Cementos Argos SA ) is committed to making the construction of housing and infrastructure more sustainable. Gustavo Uribe, CEO of Argos Central America, highlights that this approach is reflected in a portfolio of environmentally responsible products manufactured in Panama’s first carbon-neutral cement plant. The company has been able to achieve such sustainability goals after completing the “Reduce Your Corporate-Carbon Footprint” programme set by the Ministry of th... |
Grupo Argos reports weak results for 2Q2415 August 2024, Published under Cement NewsGrupo Argos, the Colombia-based conglomerate which owns Cementos Argos , has reported a 40 per cent drop in its 2Q24 income, falling to COP189bn (US$47m) from COP315bn in the 2Q23. In a recent presentation, Argos attributed this drop in income to a 90 per cent fall in proceeds from concessions and a nearly 25 per cent decline in income from its cement business. The group’s revenues for the period April-June fell 17 per cent to COP3.7trn. The group’s EBITDA decreased by 13 per c... |
Biomass: fuel of the future16 May 2024, Published under Cement NewsThe use of biomass is a significant step forward in the decarbonisation of the cement industry. The last decade has seen the introduction of a range of biomasses in the kilns of Cementos Argos, which sees it as a fuel of the future. By Mauricio Giraldo, Cementos Argos, Colombia Biomass provides a low- or zero-carbon fuel for the cement industry (© Cementos Argos) A s the first quarter of the 21st century is nearing its end, it is clear that human-induced climate change has... |
Summit completes deal with Argos USA16 January 2024, Published under Cement NewsSummit Materials has successfully completed its US$3.2bn combination with Argos North America Corp, the US operations of Cementos Argos SA . The combined company will be known as Summit Materials with Argos holding around a 31 per cent share. “Today, we are excited to begin a new chapter at Summit Materials,” said Anne Noonan, Summit Materials' president and CEO. “As we transition into the integration phase, I want to start by welcoming our new Argos colleagues into the Summit family.... |
Key producers collaborate on new carbon capture technology14 December 2023, Published under Cement NewsHolcim , SCG-CGS , Cementos Argos and Cements Molins are collaborating with Nuada, a pure-play carbon capture company, on a next-generation carbon capture technology designed to deliver low-carbon cement. The technology involves the construction of energy-efficient filtration machines that capture CO 2 from industrial off-gases, enabling hard-to-abate sectors to reduce they carbon footprint with minimal impact on their bottom line. It combines advanced solid adsorbents (Metal Organ... |
Heidelberg Materials named as Summit mystery bidder24 October 2023, Published under Cement NewsJust weeks after it was reported that Summit Materials had entered into an agreement to merge with the US operations of Cementos Argos , Heidelberg Materials is allegedly lining itself up to acquire Summit Materials. According to Bloomberg, Summit Materials has rejected two takeover bids from an “unnamed party” in recent weeks, which has since been revealed as Germany-based Heidelberg Materials. With Argos USA home to four integrated cement plants, around 140 ready-mixed concrete p... |
Cementos Argos inaugurates solar park in Honduras22 September 2023, Published under Cement NewsCementos Argos has opened its new solar park at its Choloma unit in Río Blanquito, Honduras. The facility is the second-largest in the Honduran cement industry. The company has invested US$1.2m in the new energy facility, which consists of 2100 photovoltaic modules. The solar park will be able to generate 1.6kWh annually and supply 25 per cent of Argos’ plant in Choloma. The project follows a similar one installed at the Comayagua plant in 2020, which consists of more than 32,000 modul... |
Argos receives US$272m sustainability-linked loan26 July 2023, Published under Cement NewsColombia’s Banco de Bogotá has disbursed a US$272m sustainability-linked loan to Cementos Argos . The agreement allows a gradual reduction in interest rate subject to the cement producer’s compliance with two environmental indicators: net specific CO 2 emissions and a supplier sustainability assessment. The loan has a repayment term of 60 months with a 24-month grace period. Under the conditions of the loan, the cement company must reduce its Scope 1 net specific CO 2 emissions to 523kg... |
WBA claims few science-based biodiversity assessments are carried out06 December 2022, Published under Cement NewsThe World Benchmarking Alliance’s (WBA) new Nature Benchmark has analysed around 400 companies on their operations impact on nature and biodiversity, including many from the construction and mining sector. The top 10 construction material companies have been ranked 1-10 for their reduced impact on nature and biodiversity: 1. Holcim , 2. CEMEX , 3. Siam Cement Group , 4. Owens Corning, 5. CRH , 6. Cementos Argos , 7. Heidelberg Materials , 8. Saint-Gobain , 9. Asia Cement Corp ,... |