Colombia/US: Cementos Argos has announced plans to split into two independent companies. Colombia-based Argos Latam will serve Colombia, Panama, Guatemala, Honduras, French Guiana, Suriname and eight Caribbean countries, while US-based Argos Materials will serve the US. Each company will have full autonomy to pursue growth and maximise value in its respective markets. A corporate support centre led by newly appointed executive vice president Tomás Restrepo will oversee the transition. Cementos Argos expects the process to take 24 months.
Cementos Argos previously sold its 31% stake in US-based Summit Materials to majority, now outright, owner Quikrete in February 2025.
