economy
Cementos Argos plans to separate its US and Latin America operations
Cementos Argos is moving forward with one of the most important transformations in its corporate history. The company plans to separate its US and Latin America operations so that each business has an independent strategy, focused on different markets and investor profiles.
TL;DR
- Cementos Argos will separate its US and Latin American operations into distinct business platforms.
- The US platform will focus on the aggregates market, recognizing its higher valuation and resilience compared to traditional cement.
- The Latin American platform will concentrate on growth and operational efficiency within the region.
- A significant investment of approximately US$500 million over five years is planned for the expansion of a mining and logistics project in the Dominican Republic to supply the US market.
- The company aims to structure the strategy, reorganize teams, and define the corporate and financial architecture for both platforms within approximately 24 months.
- Future acquisitions in the US may include concrete and asphalt operations, given their natural integration with aggregate mines.
- Cementos Argos is also implementing a share buyback program and a dual market liquidity provider scheme.