Colombia. Due to the positive results of the construction industry in 2014, cementos Argos approved an expansion plan for the next three years that will mean about $1.94 billion Colombian pesos. This will be leveraged by the 59% increase in the company's net profits.
Jorge Mario Velásquez, president of the cement company, said that "we are investing in three strategic projects, including the expansion of 1.5 million tons in the largest vertical cement mill in the Americas."
Argos, which has three regional offices, presented positive results in all of them. In the United States, revenue increased by 46% compared to 2013. Meanwhile, in the Caribbean region, which includes Panama, Honduras, the Dominican Republic, Suriname and Haiti, revenue growth was 21%. Finally, revenues in the regional region in Colombia suffered a decrease of 6%.
