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Cementos Argos Reports First Quarter 2021 Financial Results Strong performance across our footprint May 10th , 2021 Cementos Argos S.A. ( Argos ) is a geographically diverse rapidly growing cement and ready - mix concrete ( RMC ) company with presence in 16 countries and leading market positions in the US , Colombia , Caribbean & Central America ( CCA ) and total annual capacity of approximately 23 million tons of cement and 16 million m3 of concrete . BVC : CEMARGOS , PFCEMARGOS ADR LEVEL 1 : CMTOY / ADR 144A : CMTRY - Reg - S : CMTSY Key Highlights • . • . During the quarter we were capitalized efforts and learnings from BEST and Reset . EBITDA performance and net debt reduction support de - leveraging of the company on the first quarter , ending in a Net debt to EBITDA ratio of 4.05X as of March 2021 . The successful execution of the health and safety dimension of the Reset program has allowed the company to operate under safe conditions and reduce risks associated to the pandemic . Climate change strategy updated in line with the challenge of reducing the environmental impact and the commitment of the industry to offer carbon neutral concrete by 2050 . " We are mindful of the social and economic challenges that Colombia is facing , after more than 4 million people fell below the poverty line as a consequence of the economic impact of the pandemic . We consider ourselves part of the solution and will continue working to build a better country with our optimism intact " . Juan Esteban Calle , CEO