Cementos Argos reached a historical figure for cement exports with more than 297,000 tons in the first quarter of 202226 May 2022
- In 2021 alone, Cementos Argos reached the record figure of 942,000 tons of cement exported, which represents an increase of more than 11,000 tons compared to 2020.
- With the recent expansion of the port in Cartagena of the Cementos Argos plant, exports in the first quarter of 2022 grew by 32% compared to the same period of the previous year.
The 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.
Equity and diversity
Grupo Argos recognized by Forbes as one of the World's Top Companies for Women 2023 for its gender equality practices3 November 2023
Forbes and Statista's World’s Best Employers ranking highlighted Grupo Empresarial Argos as one of the best companies to work for globally.19 October 2023
Two Colombian companies made it to the ranking, which assessed companies from 50 countries through over 170,000 surveys. Grupo Empresarial Argos placed 268th thanks to its talent, diversity, and inclusion strategy, which has enabled it to promote inclusive environments that value and respect each of its employees.
Grupo Empresarial Argos' companies consolidate their reputation among the best in Colombia according to Merco18 October 2023
For the third consecutive year, Grupo Argos held the top position as the business conglomerate with the best reputation in the country, highlighting the company's strategic role in the growth and positioning of its businesses as regional infrastructure platforms. In the overall ranking, the company reached the 10th position.
Grupo Argos supported the transaction in which Cementos Argos will combine its operations in the United States with Summit Materials, a company listed on the New York Stock Exchange.7 September 2023
The transaction was promoted by Grupo Argos in its role as an asset manager and majority shareholder of Cementos Argos, marking a significant milestone in the company's history of growth and value creation since its entry into the U.S. market in 2005.