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.


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