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Argos (cement company)

Argos (cement company)
Company nameCementos Argos
Company typePublic
Slogan'Luz Verde'
FoundedFebruary 1934
Area servedColombia
United States
Dominican Republic
Key peopleJose Alberto Velez
ProductsCement and concrete
Operating incomeUS $3,430 million (2006)
Net incomeUS $1,800 million (2006)
Owner(s)Grupo Empresarial Antioqueño
ParentInversiones Argos
SubsidiaryConcretos Argos
Southern Star Concrete, Inc.
Ready Mixed Concrete
Concrete Express

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Argos is a leader in the Colombian cement industry, with 51 percent of market participation; it is the fourth largest cement producer in Latin America, and the only producer of white cement in Colombia. Argos has investments in Panama, Haiti and the Dominican Republic. It is the sixth largest concrete producer in the United States and it also exports cement and clinker to 27 countries around the world.

Argos has four ports in the U.S. and four in Colombia as well as two in Venezuela, one in Panama, on in the Dominican Republic and one in Haiti. In Colombia, Argos is the largest transporter of land cargo. Argos has 14 cement producing plants, of which 11 are located in Colombia and the rest are in Panama, the Dominican Republic and Haiti. Four of the 11 Colombian plants are located in the northern area of Colombia and are dedicated to exportation, while for domestic demand there are 7 plants located in the Departments of Antioquia, Cundinamarca, Valle, Boyacá, and Santander.

While Colombia is where Argos produces the most cement, the United States is where Argos has its largest concrete production capacity (8.9 million cubic meters per year). There are 134 concrete production plants and 1,350 mixers. Argos' concrete production capacity in Colombia is only 1.7 million cubic meters per year, with 40 plants and 230 mixers.

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