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In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
22 July 2024In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read moreThe favorable dynamics of Cementos Argos reaffirms its leadership in the construction materials industry with more than 17 tons of cement sold in a consolidated manner in 2021 and 297,000 tons of cement exported in the first quarter of 2022, a period in which exports, mainly to the United States, Central America and the Caribbean, rose 32% compared to this same quarter of 2021. It is worth mentioning that this is the highest figure in the last five years and was achieved, to a large extent, thanks to the entry into operation of the new port terminal, with which the company tripled its export capacity.
With the expansion of the port, which required an investment of USD 42 million, Argos could export from Cartagena up to 3.5 million tons per year and with this, it also promotes vertical integration with its operations. Likewise, it enables it to meet, among others, the growing demand of the North American market, where Cementos Argos is the main Colombian investor.
The strategic geographical location of the Cartagena Plant of Cementos Argos enables connectivity with the network of ports, terminals and grinding stations in other countries, which, together with its own fleet of vessels, represents an important competitive advantage that in 2022 could enable the company to export more than 1.3 million tons, 38% more than in 2021. It is worth noting that in 2021 the company exported to more than 30 destinations.
In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read moreCompanies within Grupo Empresarial Argos have executed over USD 100 million in their share repurchase programs
Read moreThe share repurchase plan announced by Grupo Argos and its listed companies amounts to more than COP 1 trillion.
Read moreThe rating took into account the fulfillment of the strategic announcements reported by Grupo Argos to the market over the past years, which have resulted in sustained growth of operational margins, greater financial flexibility, and structural solidity, even in a challenging macroeconomic environment.
Read more16% of the employees at Grupo Empresarial Argos had the opportunity to experience internal mobility in the past year.
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