Cement News tagged under: Cementos Argos
Argos triples port capacity09 August 2022, Published under Cement NewsCementos Argos recently inaugurated a second port terminal in Cartagena, Colombia. The project is part of the company’s wider port expansion project and represents the Latin American cement producer’s ambitions to increase its exports, particularly to the North and Central American markets. By Alberto Carlos Riobó, Cementos Argos, Colombia. The second terminal in Cartagena, Colombia, will enable Argos to triple its cement and clinker exports to 3.5Mta Cementos Argos’ recently-in... |
FLSmidth forms ECOClay partnership to fully electrify clay calcination27 April 2022, Published under Cement NewsTo further decarbonise the cement industry, FLSmidth and a series of leading industry experts have formed a new partnership called ECoClay TM . To reduce CO 2 emissions from cement production by up to 50 per cent, the ECoClay partners will develop and commercialise the technology needed to replace fossil fuels in the calcination of clay by fully electrifying the process. Current clay calcination processes have gained momentum in recent years – especially with FLSmidth’s flash calciner sys... |
Argos set to commission new terminal23 December 2021, Published under Cement NewsArgos has invested close to US$42m for the construction of a new terminal in the free trade zone of Cartagena, Colombia. As such, it is expanding its port infrastructure and the movement of cement, clinker and other raw materials to 3.5Mta, which will triple its capacity to receive and export products. The new terminal is expected to begin operations in the first quarter of 2022. "We are extremely proud to materialise this ambitious project to expand our export capacity from Colombia and t... |
Cementos Argos to list US business on NYSE09 December 2021, Published under Cement NewsCementos Argos plans to list its US business on the New York Stock Exchange after several months of analysis. The company will be listed through an initial public offering registered under the rules of the US Securities Exchange Commission (SEC) and will implemented once the structuring process has been completed, in compliance with applicable US regulations. The cement producer will aim to improve the share price for partners and optimise the capital structure. As a result, Cementos Arg... |
Cementos Argos announces 5% increase in 3Q revenue09 November 2021, Published under Cement NewsCementos Argos has posted consolidated revenues of COP2489bn (US$641.82m) in the third quarter of 2021, up 5.3 per cent YoY, favoured by the positive evolution of volumes and prices. Adjusted EBITDA also increased 2.4 per cent YoY to COP473bn from COP462bn in the 3Q20. The positive EBITDA evolution was mainly attributed to the performance of Colombia, in a combination of better market environment and commercial efforts to increase the company’s exposure to the retail segment. Cost headwind... |
CO2 to biofuels at Argos20 September 2021, Published under Cement NewsTo address the urgency of the climate crisis, a wide range of CCUS technology pathways are being explored by the cement industry. One of these options is the use of microalgae to capture CO 2 and transform it into valuable products. Over the past 10 years, Argos has been researching and scaling up the use of microalgae. Recently, the company has been testing a group of technologies to capture CO 2 directly from the cement plant smokestack using photobioreactors (PBRs) and transform the res... |
Argos North America Corp signs ESG-linked loan16 August 2021, Published under Cement NewsArgos 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 share of women in leadership positions. Grupo Argos continues to demonstrate its concrete commitment in implementing positive Environmental Social Governance (ESG) practices with this initiative. Cementos Argos SA and Argos USA LLC will act as guarantors in this operation. The financial entities with which the... |
Argos opts for Klaveness Digital's CargoValue shipping platform13 August 2021, Published under Cement NewsArgos has signed on with Klaveness Digital to roll out shipping and logistics platform 'CargoValue' throughout the supply chain. Following a successful pilot project during the 2Q21, the move solidifies Argos’ digitalisation agenda to preserve its strong market foothold in the Americas. "CargoValue has enabled us to digitalise existing processes to improve visibility and make better decisions throughout the supply chain towards that goal,” says Gabriel Ballestas, senior director of Tradin... |
Argos sees high 1Q21 cement volumes in Colombia and Central America11 May 2021, Published under Cement NewsIn 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, and the Caribbean and Central America. Cement volumes reached 4.1Mt, thus representing an increase of 19 per cent compared to the 1Q20. Cconcrete shipments totalled 2Mm 3 , with a decrease of 4.4 per cent, mainly caused by weather conditions in the USA and a slower recovery of formal construction in Colomb... |
Which US cement producers can exploit higher cement demand in 2021?16 April 2021, Published under Cement NewsThe Portland Cement Association's ( PCA) Spring Cement Consumption Forecast for 2021-22 indicated that cement demand in the USA could match or exceed last year's growth of two per cent, despite the loss of nearly 9.5m jobs and a severe decline in real GDP as a direct result of the country's lockdowns and economic impact from COVID-19. Further, the PCA was keen to highlight the long-term upturn in US cement demand that would be supported by the US$2.2trn eight-year infrastructure 'Bui... |