Skip to main content

Cementos Argos consolidates position

Published by
World Cement,


Cementos Argos has officially received the Martinsburg cement plant and 8 terminals plant from HeidelbergCement, consolidating its position as the second largest concrete producers and fourth largest cement producer in the US. The acquisition was for US$660 million.

The transaction has already been approved by the Federal Trade Commission and will push forward the proposed long-term geographic diversification strategy. The assets will also open the door to new markets in Pennsylvania, Maryland, District of Columbia, New York, New Jersey and Ohio.

"Today we are pleased to announce the official completion of this transaction as well as the start of operations for the new cement plant and its terminals under our business model and culture; we welcome our new 200 collaborators into Argos. This acquisition not only strengthens our internationalisation strategy, but also enables us to incorporate knowledge as well as generate greater synergies and efficiencies, contributing this way to the consolidation of our BEST program," said Juan Esteban Calle, Cementos Argos CEO.

Read the article online at: https://www.worldcement.com/the-americas/05122016/cementos-argos-consolidates-position/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):