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Cementos Argos Reports Third Quarter 2021 Financial Results Commercial strategy and dynamic market conditions deliver positive volume performance November 8th , 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 14.4 million m3 of concrete . BVC : CEMARGOS , PFCEMARGOS SANTIAGOX : CEMARGOSCL ADR LEVEL 1 : CMTOY / ADR 144A : CMTRY - Reg - S : CMTSY Key Highlights • • • Strong market dynamics during the quarter lead to like - for - like increases in consolidated cement and ready - mix volumes of 11.9 % and 5.7 % respectively versus 3Q20 . Pricing environment behaves accordingly , especially in the US and the CCA region where cement prices posted a year - over - year increase of 1.1 % and 6.1 % respectively , while ready - mix - prices increased 2.3 % year - over - year in the US . Cost headwinds impact all three regionals with increases particularly in fuels , freights and transportation costs . Approval of the USD 1.2 trillion Bipartisan Infrastructure deal on the US sets out proper environment for increased demand in Argos ' most relevant market . The company reaffirms its commitments towards sustainability in an environment of global accelerated growth . Reducing by 29 % CO2 emissions per ton of cementitious material by 2030 and offering carbon neutral concrete by 2050 in accordance with the GCCA Roadmap , are amongst its top priorities . " In this context , that has also generated cost inflation pressures , Argos holds a privileged position given its capacity to locally produce clinker and cement in each of the regions where we operate . Additionally , the strategic geographic location of our network of ports and our own fleet of vessels , facilitate the integration of the Cartagena plant , which is one of the most efficient in the Americas , with the grinding stations and ready - mix operations in the US and the Caribbean " . Juan Esteban Calle , CEO