As the U.S. economy continues to rebound, Colombia-based Cementos Argos is poised for growth. Expansion plans were recently outlined on cemnet.com.
Based on recent statistics, analysts are predicting a decade of vibrant growth for the North American economy, supported by the reindustrialisation of the country, its self-sufficiency, a drop in energy prices, lower unemployment rates and an increase in consumer confidence.
“We see the next decade as the period in which Argos will see even greater rewards from the largest investments ever made by a Colombian company in the United States, which, jointly, reached a value of more than US$2.2bn. These investments were consistent with our coherent strategy that was carried out with a great degree of discipline and at an opportune moment by taking advantage of a favourable exchange rate,” explains Jorge Mario Velásquez, Argos’ CEO.