Cementos Argos

About Cementos Argos

In the cement segment, Argos is the market leader in Colombia, the fifth largest producer in Latin America, and the second largest producer in the Southeastern United States. Argos has nine factories in Colombia, three in the United States, and one in Honduras. It also operates ten clinker grinding plants spread across Colombia, the United States, Haiti, Panama, the Dominican Republic, Honduras, French Guiana, and Suriname, along with twenty-three ports and reception and packaging terminals. The total installed capacity of Argos is 21 million tons of cement per year. In the concrete segment, Argos is the market leader in Colombia and the third largest producer in the United States. It has 388 plants located in Colombia, the United States, Haiti, Panama, the Dominican Republic, and Suriname. The total installed capacity is 18 million cubic meters of concrete per year. The company's business model is customer-focused and emphasizes sustainable development, encompassing economic viability, respect for people, responsibility, and environmental friendliness. Cementos Argos S.A. has a presence in Venezuela through its subsidiary Corporación de Cemento Andino C.A. Legal proceedings are currently underway concerning the expropriation of its factory in the state of Trujillo, Venezuela, by the Venezuelan government. The compensation to be paid to Cementos Argos S.A. or its subsidiary Compañía de Cemento Andino C.A. is subject to judicial decisions by the competent authorities of the Bolivarian Republic of Venezuela. Consequently, Cementos Argos S.A. no longer includes its investment in this factory on its balance sheet (reduced to zero).