Colombia: Cementos Argos' nine-month consolidated sales rose by 9% year-on-year in the first nine months of 2021 to US$1.87bn from US$1.72bn in the corresponding period of 2020. The group increased its consolidated cement sales by 20% to 12.9Mt from 10.7Mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 31% to US$416m from US$319m.
Chief executive officer Juan Esteban Calle “In the context of cost inflation pressures, Argos holds a privileged position given its capacity to locally produce clinker and cement in each of the regions where we operate. Additionally, the strategic geographic location of our network of ports and our own fleet of vessels facilitate the integration of the Cartagena cement plant, which is one of the most efficient in the Americas, with grinding plants and ready-mix operations in the US and the Caribbean.”
