

Grupo Argos and Celsia anticipate payment to their providers to contribute to the sustainability of more than 800 SMEs in Colombia and take care of the employment of more than 25 thousand people.
27 January 2021- Grupo Argos and Celsia Will reduce the payment period to their providers in shorter terms to the demanded by the Payement Law in Fair Terms of the 2021 as part of their program Creamos Valor Social, an initiative to contribute to the economic reactivation of the country.
- This measure will allow more than 800 SMEs in Colombia improve their cash flow, face with better flexibility the 2021 and be able to sustain the more than 25.000 employments that they generate.
As part of their commitment to the economic reactivation and under the program Creamos Valor Social, Grupo Argos reduced the payment time of their bills to a 15 days period, as has been doing from the second semester of 2020, while Celsia has been doing it in a 45 days period. Anticipated payments will stand if financial flexibility conditions allow it under the Payment Law of Fair Terms.
“This measure is relevant to dynamize the economy of the country because allow us to irrigate resources in a quick way to our value chain so that micro, small and medium sized companies face the challenges generated by the pandemic. Today more than ever it is vitally important to surround the Colombian companies and honored it as that engine of employment creation that enhances growth and promotes collective well-being.”
Jorge Mario Velasquez
President of Grupo Argos
This measure joins the efforts of Argos Business Group during 2020 to create value to its stakeholders. In the case of providers, included the immediate payment of the bills in May to ensure their liquidity, reduction of time in the payment cycle and the structuring of a bills discount scheme with a preferential factoring rate. The program will be strengthened by lines of formation and development of providers in financial, legal and talent issues that the business group will put into operation during 2021.
Mas noticias
-
-
BRC Ratings - S&P Global confirmed Grupo Argos' AAA issuer rating following the signing of the Spin-Off by Absorption agreement with Sura.
27 January 2025 Read more -
News
Full opening of the first section of Parque El Tesoro, a recreational and cultural space serving the community of Puerto Colombia and the metropolitan area
16 January 2025With the opening of its first section, Parque El Tesoro, located in Puerto Colombia, now offers 18,656 m² of public space, incorporating new areas for community well-being, including two tennis courts, rest areas, and extensions to both the bike path and contemplative trails.
Read more -
News
Fitch: Stability in Grupo Argos' Credit Rating Following Announcement of Agreement with Grupo Sura
9 January 2025Fitch Ratings confirmed that no changes are expected in Grupo Argos' credit rating following the announcement of the spin-off agreement with Grupo Sura, reflecting the company's robust capital structure, diversified portfolio, and predictable dividend flows.
Read more -
News
Grupo Argos and Cementos Argos Once Again Among the World's Most Sustainable Companies According to the Dow Jones Sustainability Index
23 December 2024 Read more