Cementos Argos
Cementos Argos is a Colombian multinational cement, concrete, and aggregates company and a subsidiary of Grupo Argos, actively developing 3D concrete printing solutions for social housing.
- CEO / Founder
- Juan Esteban Calle Restrepo
- Team Size
- 5001-10000
- Stage
- Public
- Total Funding
- Publicly Traded
- Key Investors
- Grupo Argos (majority shareholder); Public shareholders on Bolsa de Valores de Colombia
Technology & Products
Key Products
Cement (gray, white, green/low-carbon); Ready-mix concrete; Aggregates; Hydrated lime; Green cement (up to 38% CO2 reduction); Pozzolanic blends (patented); 3D-printable mortar mixes; Smart Pack cement bags (biodegradable in concrete mix); BIM portfolio and digital construction tools
Technological Advantage
(1) Vertically integrated cement-concrete-aggregates platform across 9+ countries; (2) Future Tech innovation lab developing proprietary 3D-printable mortar mixes with 99% locally sourced raw materials and >35 MPa compressive strength; (3) 13 active patents in Colombia, US, and Panama for pozzolanic blends and low-carbon cement; (4) World's largest calcined clay kiln for green cement production ($78M investment); (5) COBOD BOD2 3D printer partnership enabling on-site construction 3D printing; (6) Dow Jones Sustainability Index member (Gold/Silver Class distinctions)
Differentiation
Value Proposition
Cementos Argos is a leading cement and construction materials producer in the Americas, leveraging its vertically integrated operations across cement, concrete, and aggregates to deliver sustainable construction solutions. Through its Future Tech innovation lab and Casa Para Mí program, the company is pioneering 3D concrete printing (3DCP) for social housing in South America, developing custom low-carbon mortar mixes optimized for additive construction.
How They Differentiate
Cementos Argos differentiates from CEMEX and Holcim through: (1) Dominant market position in Colombia and the Andean/Central American/Caribbean region; (2) Early leadership in 3D concrete printing for social housing in South America; (3) Vertically integrated platform with proprietary low-carbon cement technology (calcined clays); (4) Strong ESG positioning with DJSI inclusion and green cement products; (5) Focus on social impact through Casa Para Mí program addressing housing deficit
Market & Competition
Target Customers
Construction companies, infrastructure developers, social housing programs, governments, contractors, and ready-mix concrete customers across the Americas.
Industry Verticals
Construction; Infrastructure; Social Housing; Residential; Commercial; Industrial
Competitors
CEMEX (Mexico); Holcim Ltd (Switzerland); LafargeHolcim (global)
Growth & Milestones
Growth Metrics
2024 Revenue: ~COP 7.8 trillion (~$1.9B USD); 2024 Adjusted EBITDA: COP 1.2 trillion (~$300M USD); 2025 9-month Revenue: $1.05B USD; 2025 9-month EBITDA: $250M USD; Market Cap: ~COP 14-15 trillion (~$3.2B USD); Employees: ~7,000; Cement production capacity: ~16 million tons/year
Major Milestones
1934: Founded in Medellín, Colombia; 2005: Merged 8 cement companies in Colombia; 2006-2022: Major US and Caribbean acquisitions (Southern Star, RMCC, Lafarge assets, Vulcan assets, Heidelberg assets); 2015: Argos Innovation Center inaugurated at EAFIT University; 2025: First 3D printed social housing in South America completed in La Unión, Antioquia (with COBOD); 2025: Received US patent US 12,195,399B2 for pozzolanic blend; 2026: Structural transformation into two companies (Argos Latam + Argos Materials USA) to accelerate 2030 strategy
Notable Customers
Comfama (social housing partner); Colombian government housing programs; Infrastructure projects across the Americas