Argos ONE

Search

History

of Cementos Argos

For more than seventy years, Argos has been part of the progress in Colombia, bringing the different regions closer together, generating greater profitability and trust with its investors, and establishing close relationships with the communities where it operates.

Throughout its history, Cementos Argos has achieved significant leadership in the cement and concrete industry, reaching the fifth position in cement production in Latin America and making history in countries such as Colombia, the Dominican Republic, Haiti, Honduras, Panama, Suriname, French Guiana, Puerto Rico, and the Antilles.

Next, we present the history of Cementos Argos, where the most important milestones in the regions where we are present are highlighted:

For more than seventy years, Argos has been part of the progress in Colombia, bringing the different regions closer together, generating greater profitability and trust with its investors, and establishing close relationships with the communities where it operates.

Throughout its history, Cementos Argos has achieved significant leadership in the cement and concrete industry, reaching the fifth position in cement production in Latin America and making history in countries such as Colombia, the Dominican Republic, Haiti, Honduras, Panama, Suriname, French Guiana, Puerto Rico, and the Antilles.

Next, we present the history of Cementos Argos, where the most important milestones in the regions where we are present are highlighted:

Compañia de Cementos Argos (Currently Grupo Argos) was founded

Cementos del Caribe (Currently Cementos Argos) was founded

Merger of 8 cement companies in Colombia Acquisition of Southern Star Concrete Company (USD 245 M) and Concrete Express (USD 12.5M), USA

Acquisition of RMCC in USA (USD 435M)

Acquisition of Cementos Andino

Acquisition of Central Aggregates LLC (USD 12M) and HRM (USD 43.5M), USA

Duty free zone is created in Cartagena

Acquisition of Holcim’s interest in the Caribbean (USD 157M)

Cartagena plant started operations

Expanded operations in Suriname

Acquisition of assets from Lafarge in USA (USD 760M)

Spin-off of non core assets to Grupo Argos

Successful share issuance Acquisition of Lafarge Honduras (USD 300M)

Acquisition of assets from Vulcan in Florida, USA (USD 720M) Acquisition of assets in French Guiana (USD 83M)

Acquisition of a cement terminal in Puerto Rico (USD 18M)

Acquisition of assets from Heidelberg Cement and Italcementi in Martinsburg, USA (USD 660M)

Acquisition of cement assets in Puerto Rico (USD 8M)

Fundación de Compañia de Cementos Argos (hoy Grupo Argos)
Fundación de Cementos del Caribe (hoy Grupo Argos)
Fusión 8 compañías cementeras Adquisición de Southem Star Concrete Company (USD 245M) y Concrete Express (USD 12.5M), USA

Adquisición RMCC (USD 435M), USA

Adquisición de Cementos Andino

Adquisición Central aggregates LLC (USD 12M) y Adquisición HRM (USD 43.5M), USA
Creación de zona franca en Cartagena
Adquisición de activos de Holcim en Caribe (USD 157M) Desinversión activo carbonífero no estratégico
Inició operaciones la planta de Cartagena Expansión de operaciones Surinam
Adquisición de activos de Lafarge (USD 760M), USA
Escisión de activos no cementeros a Grupo Argos

Exitosa emisión de acciones.

Adquisición de activos de Lafarge en Honduras (USD 300M).

Adquisición de activos de Vulcan en Florida (USD 720M), USA Adquisición de Guayana Francesa (USD 83M)
Adquisición de activos en Puerto Rico (USD 18M)
Adquisición de activos de Heidelberg Martinsburg, WV (USD 660M), USA
Nace Greco, intraemprendimiento que le apuesta a aprovechar los residuos de construcción.
Enero:
Desinversión estratégica de 13 plantas de fabricación de bloques y un almacén de materiales de construcción (USD 50M).

Febrero:
En Yumbo (CO), en alianza con otras entidades entregamos el primer colegio público con certificación Leed.
Nace Caltek, compañía productora y comercializadora de cal viva e hidratada.

Marzo:
Obtuvimos por primera vez el Sello Oro Equipares en Colombia por nuestro compromiso con la equidad de género.

Agosto:
Reconocidos como la empresa más innovadora de Colombia según la ANDI y la Revista Dinero.
En países de la Regional CCA lanzamos Smart Pack Argos, un saco de cemento que, sin afectar la calidad, se desintegra en la mezcla de concreto.

Octubre:
Ocupamos el quinto lugar entre las empresas con mejor reputación de Colombia según Merco.

Agosto:
Nuestro proyecto de captura de CO2 con microalgas fue reconocido por el Premio de Responsabilidad Social Empresarial en la categoría de Mejor Experiencia Ambiental que otorga Camacol, Colombia.
Por segundo año consecutivo fuimos reconocidos como la empresa más innovadora de Colombia.
Nuestra planta de Harleyville (USA) fue reconocida por la Agencia de Protección Ambiental con la distinción Energy Star.

Septiembre:
Premio Empresa Socialmente Responsable, por parte de Fundahrse en Honduras.

Octubre:
Nuestra planta de Roberta (USA), recibió también la certificación Energy Star.

Enero:
Nuestras plantas en Atlanta y Newberry (USA) recibieron la Certificación de Conservación otorgada por Wildlife Habitat Council.
Fuimos destacados por la firma RobecoSAM con la distinción Gold Class.

Febrero:
Lanzamos el Cemento Verde en Colombia, un producto amigable con el medioambiente dado que durante su producción se reducen hasta 38% las emisiones de CO2 y 30% el consumo de energía.

Marzo:
Inauguración de nuestra primera granja solar en Comayagua (HON), en compañía de Celsia

Agosto:
En Honduras, lanzamos el Cemento ECO Multipropósito, primer cemento amigable con el medioambiente en el país. Gracias a su proceso de producción sostenible se reducen las emisiones de CO2 en un 40%.

Septiembre:
En conjunto con la GCCA y otras empresas líderes en el sector lanzamos el programa Ambición Climática a 2050.

Atmospheric emissions

We are committed to reducing our emissions through actions that achieve more efficient processes and the implementation of abatement measures, contributing to good air quality in the places where we operate.  Our cement-, concrete- and aggregate-production processes generate punctual and scattered particulate matter (PM) emissions, as well as emissions of sulfur oxides (SO2) and nitrogen oxides (NOx) in the clinkering furnaces of the cement plants.

  • For society:  To contribute to mitigating the impact on air quality in the areas where we operate, acting responsibly and promoting relationships of trust with our Stakeholders.

 

  • For the company:  To develop more efficient processes that allow us to reduce our atmospheric emissions and contribute to responsible production, complying with local regulations in the countries where we operate and – in some cases – going beyond compliance with said regulations, contributing to the profitability of the business and preparing to face future challenges.

The “Emissions” pillar of our Environmental Strategy focuses on: Working on the adequate measurement, control and reduction of SO2, NOx and particulate-material (PM) emissions generated by our production processes in the cement business and on the prevention and mitigation of our dispersed emissions of particulate material (dust), originated mainly by the activities of transportation, transfer, unloading and storage of materials in the cement, concrete and aggregate processes. The foregoing, through operational control, optimization and renewal of emission-control systems to achieve continuous improvement.

Industry positioning

We position ourselves as strategic allies for the development of the territories where we are present, directly and through the empowerment of our value chain.  We do it through the construction of housing and sustainable infrastructure that enables the closing of socioeconomic gaps, the generation of employment, the improvement of the quality of life and the reduction of the impacts generated.

  • For society:  To sustainably respond to the growing demand for housing and infrastructure of the world population with the aim of improving people's quality of life, interconnecting regions and developing innovative solutions. 

 

  •  

    For the company:  To be strategic allies of the actors in our value chain in order to maintain the Company's leadership in the market, ensure its competitiveness over time and increase the generation of sustainable value.

We are committed to the role we have as a Company in the achievement of the 2030 Agenda goals, the consolidation of territorial development plans where we operate, and the economic reactivation of the countries affected by the pandemic. Therefore, we focus our efforts in the development of sustainable housing and infrastructure projects that contribute to closing socioeconomic gaps, generating employment under safe conditions, environmental protection, and investment in improving people’s health systems and quality of life. 

Our work unfolds in three large lines:

 

Cities for everyone:

 

With nearly 54% of the world  population living in urban areas, the pandemic made inequality of those who live in the cities of the world

manifest. Nearly 90% of the COVID-19 cases are concentrated in the urban

centers that have, among others, challenges associated with access to basic services and decent housing conditions. For this reason, we work together with our value chain to develop projects that benefit the lessfavored population, facilitate access to housing, and promote development in

the areas of influence.

 

Interconnected cities

 

The need to connect urban areas with rural areas to expand the coverage

of basic services, such as health, has been a priority of developing countries

since before the pandemic. Therefore, during 2020, we continued working on creating innovative solutions that allow us to be present in the large projects of the countries and territories where we are present.

 

Intelligent cities

 

In recent years, the acuteness of the effects of climate change became the

risk of greatest impact to the world. Therefore, in the global stage, a need

has grown to transition to a low-carbon economy, an opportunity that becomes more relevant amid post-pandemic recovery scenarios and the effort we are making as a Company to generate new business models that respond to environmental and social challenges. For this reason, our Climate-Change Strategy includes actions aimed at mitigating the impacts associated with our productive processes, adapting our operating model and innovating from the identification of optimization opportunities.

Supplier management

Supplier management is a fundamental pillar of our Supply Chain Strategy; it seeks to build and strengthen relationships with strategic allies who have the ability to contribute to the Company in terms of efficiency, productivity, customer service and innovation.  For this reason, we carefully select our suppliers, transfer knowledge to promote their development, promote good practices and recognize those who are an example of sustainable, innovative, safe and responsible management.

  • For society:  To develop our suppliers, promote transparent practices and responsible conduct, to improve the productivity and competitiveness of our society and support the construction of a better future.

 

  • For the company:  To seek to add value throughout the Company's supply chain, from the purchase of goods and services to the delivery of products to clients.  Through the mitigation of risks and potentiation of opportunities, the implementation of good contracting practices and service excellence, we create relationships of trust and turn suppliers into business allies.

Our management is divided into five stages:

  1. Identification: We determine the goods and services required for our operation and the category to which they belong, according to our Category Tree. This groups our suppliers into macro-categories which – in turn – are subdivided into two more specific levels.
  2. Pre-Selection: We validate the suitability of suppliers through due diligence and review aspects of sustainability and financial health to ensure long-term relationships.
  3. Negotiation: We select suppliers with high standards, considering technical, economic, sustainability and service aspects.
  4. Retention and evaluation: We carry out knowledge-transfer processes with those suppliers with growth potential.
    • We characterize our suppliers as critical suppliers or with potential risk in sustainability.
    • We measure the management of critical suppliers through performance evaluations in terms of quality, service, occupational health and safety, having constant feedback and identifying key factors for their development.
    • We apply the Sustainability Index to suppliers with potential sustainability risks, to identify challenges, opportunities, and to develop joint action plans in environmental, economic, social and Human-Rights matters.
    • We implement additional controls and development plans to suppliers belonging to categories where the greatest potential risks have been identified. This is how, for example, we develop road-safety strategies for our logistics suppliers; with mining suppliers, we carry out a more rigorous pre-selection process, and with contractors, we have special controls on occupational health and safety.
    • We have a Transparency Line for Stakeholders to report possible improper actions and to implement the pertinent corrective actions. 
  5. Recognition:  Every two years, through Growing Together (Creciendo Juntos), we recognize the suppliers that have shown outstanding performance in innovation, sustainability, health and safety and development and comprehensiveness.

 

Additionally, we have:

 

Contracting manual: transparent action framework that guides the negotiation and contracting of our suppliers to allow the process to be agile, make use of best practices and carry out adequate risk management.

 

Code of conduct for suppliers: in which we define the principles and behaviors that we expect from our allies in terms of respect for human rights, protection of workers, environmental management, business ethics and responsible business practices.

Ethics and compliance

We are convinced that ethics and integrity are fundamental and non-negotiable; that is why we live by these principles, integrating them into our operations, processes, and strategy, thus generating value responsibly for our business, our Stakeholders, and for society.  Through the Global Governance and Compliance Program, our ethics and business conduct system, we seek to promote that our actions are consistent with the pillars of corporate culture and integrity as the guiding principle of our business activity.

  • For society:  To promote transparent, competitive, and sustainable business environments that strengthen trust and ethics in business, generating positive impacts for the market and society.

 

  •  

    For the company:  To promote that our actions are consistent with the pillars of culture and that integrity is the inspiring principle of all members of the Organization.  This is how we consolidate ourselves as a competitive, reliable company in the eyes of investors and other Stakeholders.

We have voluntarily adopted a self-regulatory framework that confirms our commitment to business ethics as a way to promote transparent practices that contribute to the development of competitive environments. This framework* incorporates mandatory principles of ethics and conduct:

 

 

For the proper implementation and application of these guidelines, the strengthening of the ethical culture, the prevention and control of incorrect actions, our Board of Directors approved the Global Governance and Compliance Program (GGCP, in Spanish). The program structure incorporates international best practices to evaluate compliance programs, such as ISO 37001, ISO 19600 and the United States Department of Justice (DOJ) guidelines. The program has the following scope:

 

 

Likewise, it systematically groups together the activities carried out to promote integrity in the Company's actions, its employees, and members

of the value chain, which allow the updating and permanent strengthening

of the program. Operating Scheme:

 

Efficiency and productivity

We materialize our Corporate Strategy through actions aimed at the efficient use of resources, the improvement of our financial flexibility and the maximization of income generation and business profitability.  We focus on the application of efficient, safe production processes and circular economy models, on the diversification of energy management models and on the efficient management of the supply chain.

  • For society:  To provide solutions and products that meet the needs of our clients through the responsible, appropriate use of resources and the incorporation of raw materials and alternative energy sources.

 

  •  

    For the company:  To guarantee business sustainability, optimize working capital and capital investments, reduce costs and the level of indebtedness, and mitigate risks regarding the availability of resources necessary for our operation and the emergence of new business realities, environmental requirements and new regulations.

Creamos valor construyendo relaciones sólidas que transforman el futuro de la sociedad

Creamos valor a través de nuestro compromiso con el desarrollo responsable y transparente de nuestras actividades.