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News Cementos Argos enjoys sales and EBITDA boom in 2019

Cementos Argos enjoys sales and EBITDA boom in 2019

Written by Global Cement staff 25 February 2020
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Colombia: In 2019 Grupo Argos subsidiary Cementos Argos’ sales rose by 11% year-on-year to US$2.8bn from US$2.5bn in 2018 and its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 14% year-on-year to US$0.5bn from US$0.4bn in 2018. Cement dispatches rose by 0.6% to 16Mt. In the US, its main market, the company sold 6.3Mt of cement, up by 9.5% from 5.8Mt in 2018.

Argos CEO Juan Estaban Calle praised the company’s successes in 2019, such as the completion of its Thermally Activated Clays (TAC) project at its 1.4Mt/yr integrated Cementos Rioclaro plant in Colombia. “This allows for production and distribution of green cement with a greatly reduced clinker factor, 38% lower CO2 emissions and 30% of the energy consumption of ordinary Portland cement (OPC) production,” he said.

Last modified on 26 February 2020
Published in Global Cement News
Tagged under
  • Colombia
  • Cementos Argos
  • Results
  • Sales
  • EBITDA
  • volumes
  • US
  • thermally activated clays
  • Plant
  • Upgrade
  • Clinker factor
  • CO2
  • Emissions
  • Energy
  • Consumption
  • Ordinary Portland Cement
  • GCW444

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