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Argos reports lower cement volumes

Argos reported a fall in cement volumes in both 4Q16 and 2016 as a whole, as weakness in Colombia offset strength elsewhere. Full-year earnings rose, however, by 8.7% to COP1.65 trillion.

 
 
 

Summit’s cement business revenues jump in 2016

Summit Material’s cement business revenues jumped by 49.3% in 2016, following the purchase of the Davenport cement plant in 2015 and rising US demand for the building material.