Below is the information acquired on GRUPO ARGOS S.A., which is not yet included in our research perimeter.

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Last update 8 July 2023

Description of economic activities

Manufacture of cement (NACE2 2351)

The company, with registered business office in Medellin, Colombia, is the fourth largest cement producer in Latin America, producing 11.1 million cubic meters of concrete in 184 plants every year.The company's core business is the production and distribution of concrete mixes and other materials used in cement manufacturing. The company was established in Medellin on February 1934 by Rafael and Jorge Arango Carrasquilla, Carlos Ochoa Velez, Claudino Arango Jaramillo, Carlos Sevillano Gomez, and Leopoldo Arango Ceballos. Since then, the company has expanded its business to the Dominican Republic, Haiti, Panama, and the United States.The company's product portfolio is organized into four main categories: cement, concrete, mortars, and lime. Its cement products include the general use cement, the structural use cement, gray cement for concretes, gray cement for industrial use, and gray cement resistant to sulphate. The company's concrete products include the following types: conventional, accelerated, impermeable, light, for pavements, plastic, fluid filling, and retarded. It produces several types of mortars, such as stucco or plaster, mortar, long life, conventional, fluid structure, plastic structure, light, fluid filling, and by water/ cement relation. Lastly, the lime products consist of quicklime and hydrated lime. Quicklime is a product derived from pure limestone rock calcinations in special ovens at temperatures close to 1000 degrees centigrade. Hydrated lime is commonly used as a whitener of walls of large houses. These limes are marketed under the brand name Nare. The company operates 14 cement producing plants in Colombia, Panama, the Dominican Republic and Haiti. It also has production facilities in the US, which can produce 8.9 billion cubic meters of concrete every year. The company distributes its products through a global network of dealers and distributors across North and Latin America. Customers of the company include the construction industry, commercial sector, and home builders industry.

  • GRUPO ARGOS S.A.

  • Colombia (CO)
  • Company type: Corporate
  • Parent company: N/A
  • Chief Executive Officer (CEO): Mr Rosario Cordoba
  • CEO Total remuneration: N/A
  • Website: www.grupoargos.com

Financial data

Number of employees

N/A
N/A
N/A
N/A

Revenue 1

4
4
3
5

EBIT 1

742
1
392
878

EBITDA 1

1
1
780
1

1 numbers are in millions

  • RepRisk Indicator (last month):  13

Social dialog

  • Transnational Corporate Agreement (TCA): N/A
  • Global Framework Agreement (GFA): N/A
  • Societas Europaea (SE): N/A
  • Bangladesh Accord: N/A

European Works Councils

  • EWC: N/A

Standards and certifications

Global Reporting Initiative certification

  • Global Reporting Initiative standards: N/A
  • Global Reporting Initiative GRI G4: N/A

Other company declarations

Other resources

Policies

  • Training policy: N/A
  • Policy to protect the right to health and safety in the workplaces where the company operates: N/A
  • Policy to protect the right to health and safety in the workplaces in the supply chain: N/A
  • Diversity policy: N/A

Universal declarations

Declarations and treaties recognised by the country where the company has its registered office

  • Universal Declaration of Human Rights:
  • European Convention on Human Rights (ECHR):
  • Charter of Fundamental Rights of CDFL Workers (Strasbourg Charter 1989):
  • Charter of Fundamental Rights of the European Union EU CFR (Nice Charter 2000):
  • Treaty on the Functioning of the European Union TFEU:
  • Registered office in an OECD country:
  • ILO C029 - Forced Labour Convention, 1930 (No. 29):
  • ILO C087 - Freedom of Association and Protection of the Right to Organise Convention, 1948 (No. 87):
  • ILO C098 - Right to Organise and Collective Bargaining Convention, 1949 (No. 98):
  • ILO C100 - Equal Remuneration Convention, 1951 (No. 100):
  • ILO C105 - Abolition of Forced Labour Convention, 1957 (No. 105):
  • ILO C111 - Discrimination (Employment and Occupation) Convention, 1958 (No. 111):
  • ILO C138 - Minimum Age Convention, 1973 (No. 138):
  • ILO C182 - Worst Forms of Child Labour Convention, 1999 (No. 182):

Directives applied in the company offices in EU 27

  • D. 80/987/EEC: N/A
  • D. 89/391/EEC: N/A
  • D. 98/59/EC: N/A
  • D. 2000/43/EC: N/A
  • D. 2000/78/EC: N/A
  • D. 2001/23/EC: N/A
  • Council D. 2001/86/EC: N/A
  • D. 2002/14/EC: N/A
  • D. 2002/73/EC: N/A
  • Council D. 2003/72/EC: N/A
  • EP and Council D. 2005/56/EC: N/A
  • D. 2009/38/EC: N/A
  • D. 2004/25/EC: N/A
  • D. 2011/35/EU: N/A

Presence in main rankings

  • Global 100 Most Sustainable Corporations: N/A
  • Global CSR Rep Trak 100: N/A
  • BrandZ Top 100 Most Valuable US Brands: N/A
  • The Worlds Best Multinational Workplaces: N/A
  • The Gartner Supply Chain Top 25: N/A
  • The Worlds Most Innovative Companies: N/A
  • The Diversity Inc Top 50 Companies: N/A
  • Best Global Websites: N/A
  • Green Ranking Global Top 500: N/A
  • Green Ranking Global Top 100: N/A

Reference trade unions