Argos Plans New $320 Million Plant

Colombian cement-producer Cementos Argos, part of GEA, is to invest $320 million in constructing a cement plant in Cartagena. The plant, which will produce up to 1.6 million tonnes of grey cement a year, is due to be on line in 2009 and will help to supply the company’s newly acquired concrete factories in North America. Argos is currently constructing three coal-fired plants in the country, at a cost of $33 million, to become self-sufficient in energy by next year.