Companies within the Argos Business Group have carried out buybacks amounting to more than COP 340 billion
21 May 2024The share repurchase plan announced by Grupo Argos and its listed companies amounts to more than COP 1 trillion.
Read moreThe favorable dynamics of Cementos Argos reaffirms its leadership in the construction materials industry with more than 17 tons of cement sold in a consolidated manner in 2021 and 297,000 tons of cement exported in the first quarter of 2022, a period in which exports, mainly to the United States, Central America and the Caribbean, rose 32% compared to this same quarter of 2021. It is worth mentioning that this is the highest figure in the last five years and was achieved, to a large extent, thanks to the entry into operation of the new port terminal, with which the company tripled its export capacity.
With the expansion of the port, which required an investment of USD 42 million, Argos could export from Cartagena up to 3.5 million tons per year and with this, it also promotes vertical integration with its operations. Likewise, it enables it to meet, among others, the growing demand of the North American market, where Cementos Argos is the main Colombian investor.
The strategic geographical location of the Cartagena Plant of Cementos Argos enables connectivity with the network of ports, terminals and grinding stations in other countries, which, together with its own fleet of vessels, represents an important competitive advantage that in 2022 could enable the company to export more than 1.3 million tons, 38% more than in 2021. It is worth noting that in 2021 the company exported to more than 30 destinations.
The share repurchase plan announced by Grupo Argos and its listed companies amounts to more than COP 1 trillion.
Read moreThe rating took into account the fulfillment of the strategic announcements reported by Grupo Argos to the market over the past years, which have resulted in sustained growth of operational margins, greater financial flexibility, and structural solidity, even in a challenging macroeconomic environment.
Read more16% of the employees at Grupo Empresarial Argos had the opportunity to experience internal mobility in the past year.
Read moreOn average the shares of Grupo Empresarial Argos doubled in value on the Colombia Stock Exchange
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