CEMENTOS ARGOS S.A.

Argos to acquire cement plant and eight cement terminals in the US from HeidelbergCement for US$ 660 million

In line with its strategy for international expansion and growth, Argos has ­entered into an agreement with ­HeidelbergCement to acquire its cement plant in Martinsburg, West Virginia, as well as eight cement terminals located in New York, Pennsylvania, Maryland and Virginia, for US$ 660 million.

Rated as the most energy-efficient cement plant in the U.S., the Martinsburg cement plant will increase Argos’ installed cement capacity by 2.2 million t to 9.9 million t/a. In addition to the physical assets, Argos will also add 198 new employees to its team. Integrating well into its current U.S. footprint, these as­sets will allow Argos to become a player in this market due to the stra­tegic location of the terminals and cement plant, as well as the ­enhancement of its current logistics network.

www.argos.co

Related articles:

HeidelbergCement completes sale of assets in the US to Cementos Argos

HeidelbergCement has completed the sale of its Martinsburg, West Virginia cement plant and eight related terminals to an affiliate of Cementos Argos. Previously, the Federal Trade Commission (FTC) had...

more
Issue 2010-06

Holistic VMI solution for cement plant in Colombia

Supplier-specific solution for inventory management in the Cement Industry: Cementos Argos, Colombia‘s largest cement producer based in Medellin, has been working recently with an electronic solution...

more
Issue 2019-7-8 Dal Machinery & Design

Two surface feeders for Colombian cement plant

Dal Machinery & Design, a company of the Dal Engineering Group, was awarded the contract for delivering two surface feeders with a capacity of 2 x 200 t/h to Cementos Argos’ Rio Claro cement plant in...

more
Issue 2016-6 CEMENTOS ARGOS S.A.

Cementos Argos consolidates its internationalization strategy

The Colombian multinational company, with offices in 15 countries, ended the financial year 2015 by reporting record figures, with a revenue growth of 36?%, 57?% of EBITDA and 81?% of net income,...

more
Issue 2013-09

Lafarge sells its cement operations in Honduras

Lafarge announces the sale of its cement operations in Honduras to Cementos Argos for a value of € 232 million (total enterprise value € 435 million). This enterprise value represents a 2012...

more