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Colombia’s Cementos Argos to buy out US cement companies

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Cementos Argos SA, Colombia’s largest cement company plans to purchase several cement plants in South Carolina, Alabama and Georgia. The company entered the US market in 2005, and would become the fourth-largest ready mix producer in the US after it completes the purchase of the plants that it is buying from France’s Lafarge SA. Argos will finance the purchase through a bank loan and cash it has from selling its stake last year in a holding company. "Argos will also sell the portfolio assets that are unrelated to its core cement business", Jose Velez, chief executive, Cementos Argos SA said without giving more details. The purchase of some of Lafarge’s assets will bring Argos’s US investments to nearly $1.5 billion over the last five years. The Colombian company could start considering other acquisitions in 2012 once it finishes integrating the Lafarge plants, Velez added. The company’s US assets are concentrated in the Southeast, a region which Velez said could see strong growth in the construction industry in the next few years. The purchase, which is still subject to the approval of US regulators, will bring Argos’s installed capacity in the US to 3.2 million metric tonnes of cement and about 10 million cubic meters of ready mix per year. The increased reliance on dollar-denominated income has not directly affected the company’s balance sheet despite the strength of the Colombian peso against the dollar, Velez said. "Because of the weakness of the dollar most of our inputs are cheaper now," which helps offset the impact of the peso’s appreciation on dollar revenue, he said. "The net impact of the appreciation is really zero at this time," Velez added.

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Economy & Market

RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI

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14th RAHSTA (Roads and Highways Sustainable Technologies & Advancement) Expo – India’s biggest road exhibition – will be held as a part 10th India Construction Festival 2024 at Jio Convention Centre, Mumbai, from October 9-10, 2024.

April 10, 2024, Delhi

“I congratulate the RAHSTA committee for this very good initiative. I believe it will provide an excellent platform for capital goods, consultant firms, equipment companies, and technology firms to converge. This meets a crucial need within the industry. The event also benefits older industries, as new technology and equipment continuously enter the market. These advancements are often cost-effective and, at times, eco-friendly. Thus, this platform is poised to play a significant role,” said Ashish Kumar Singh, CGM – Finance, National Highway Authority of India, signifying the importance of the expo.

AK Singh was speaking at the launch of a road show – 14th RAHSTA Expo, which will be held from October 9-10, 2024, at Jio Convention Centre, Mumbai. RAHSTA, which stands for Roads and Highways Sustainable Technologies & Advancement, is a dedicated event to the world of road construction equipment, technology, and sustainability. 

“The Ministry of Road Transport & Highways has constructed 12,349 km of national highways in 2023-24 – the second highest achievement! In 2020-21 a record 13,327 kms had been constructed, the highest so far. The experience of a well-constructed road is no accident but a badly constructed one can cause many,” stated Pratap Padode, Founder, FIRST Construction Council, a pioneering infrastructure-driven council focused on advancing India’s infrastructure development. 

Also speaking at the launch, former Managing Director of Ashok Leyland & JCB, Vipin Sondhi, also Chairman of RAHSTA Expo Committee underscored the need for specialised platforms like RAHSTA Expo for the burgeoning road construction industry. 

Ashish Kumar Singh, CGM – Finance, National Highway Authority of India; RK Pandey, former NHAI member and Member of RAHSTA Expo Committee; SK Nirmal, Secretary General, Indian Roads Congress and Member of RAHSTA Expo Committee; Prof Satish Pandey, Principal Scientist, CSIR-Central Road Research Institute, Ministry of Science and Technology; Ankit Jain, CFO, Cube Highways Growth Advisors, Vijay Agrawal, Executive Director, Equirus Capital; and Subodh Dixit, Former Executive Director, Shapoorji Pallonji, participated in a round table discussion on the new BOT proposals. 

The launch function at PHD Chamber for RAHSTA Expo was attended by who’s who of the infrastructure industry such Lt Gen Harpal Singh, President, International Road Federation and former Engineer-in-Chief, Indian Army; Akhilesh Srivastava, Road Safety Ambassador, International Road Federation; Sandeep Singh, Managing Director, Tata Hitachi Construction Machinery; Rajesh Menon, Director General, Society of Indian Automobile Manufacturers; Raman Kapil, President, Tata Projects; Anand Sundaresan, Director, Ammann India; Dheeraj Panda, Managing Director, Ammann India; Rajan Aiyer, Managing Director, Trimble; Satin Sachdeva, Founder & Secretary General, Construction Equipment Rental Association; Dr Swamy, Chairman, The Institution of Civil Engineers and Dr Ranjeet Mehta, Executive Director of PHDCCI, among others.

Organised by the FIRST Construction Council, the RAHSTA Expo 2024, which will be held as part of 10th India Construction Festival, will bring together industry leaders, innovators, and stakeholders for two days of exploration, collaboration, and transformation.

Besides RAHSTA Expo 2024, the India Construction Festival 2024 will include the following:

Exhibitors can use RAHSTA Expo 2024 to showcase their construction machinery, building material machines, mining machines, and construction vehicles to a targeted audience of industry professionals. RAHSTA Expo will be an ideal platform to connect with key decision-makers, generate leads, and grow business in this rapidly expanding market.

Contact:

For exhibitor enquiries (for RAHSTA Expo), contact Mr Sujoy on Mob: +91 86577 95881, or Email: sujoy.g@asappinfoglobal.com

For delegate enquiries (for conferences), contact Mr Amar on Mob: +91 86524 93000, or Email: delegate1@asappinfoglobal.com

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Road construction leaders launch RAHSTA Expo 2024 in Delhi

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14th RAHSTA (Roads and Highways Sustainable Technologies & Advancement) Expo – India’s biggest road exhibition – will be held as a part 10th India Construction Festival 2024 at Jio Convention Centre, Mumbai, from October 9-10, 2024.

April 10, 2024, Delhi

“The Ministry of Road Transport & Highways have constructed 12,349 km of national highways in 2023-24 – the 2nd highest achievement! In 2020-21 a record 13,327 kms had been constructed, the highest so far. The experience of a well-constructed road is no accident but a badly constructed one can cause many,” stated Pratap Padode, Founder, FIRST Construction Council, a pioneering infrastructure-driven council focused on advancing India’s infrastructure development. Padode was speaking at the launch of a road show – 14th RAHSTA Expo, which will be held from October 9-10, 2024, at Jio Convention Centre, Mumbai. RAHSTA, which stands for Roads and Highways Sustainable Technologies & Advancement, is a dedicated event to the world of road construction equipment, technology, and sustainability. Speaking at the launch, former Managing Director of Ashok Leyland & JCB, Vipin Sondhi (Chairman of RAHSTA Expo Committee) underscored the need for specialised platforms like RAHSTA Expo for the burgeoning road construction industry. AK Singh, CGM – Finance, National Highway Authority of India, R K Pandey (former NHAI member and Member of RAHSTA Expo Committee), S K Nirmal (Secretary General, Indian Roads Congress, and Member of RAHSTA Expo Committee), Prof Satish Pandey, Principal Scientist, CSIR-Central Road Research, Ministry of Science and Technology, Ankit Jain, CFO, Cube Highways Growth Advisors, Vijay Agrawal, Executive Director, Equirus Capital and Subodh Dixit, Former Executive Director, Shapoorji Pallonji participated in a round table discussion on the new BOT proposals. 

The launch function at PHD Chamber for RAHSTA Expo was attended by who’s who of the infrastructure industry such Lt Gen Harpal Singh, (President, International Road Federation and former Engineer-in-Chief, Indian Army), Akhilesh Srivastava (Road Safety Ambassador, International Road Federation), Sandeep Singh (MD, Tata Hitachi Construction Machinery), Rajesh Menon (Director General, Society of Indian Automobile Manufacturers), Raman Kapil, President, Tata Projects, Anand Sundaresan, Director, Ammann India, Dheeraj Panda, Managing Director, Ammann India, Rajan Aiyer, Managing Director, Trimble, Satin Sachdeva, Founder & Secretary General, Construction Equipment Rental Association, Dr Swamy, Chairman, The Institution of Civil Engineers and Dr Ranjeet Mehta (Executive Director of PHDCCI), among others.

“With 6.3 million km, India has the second-largest road network in the world. National Highways has witnessed 58 per cent growth since 2013, a testament to India’s ambition. As per Interim budget 2024-25, the government will spend a record Rs 11.11 trillion on infrastructure creation in 2024-25 to ensure India remains one of the world’s fastest growing major economies. In this backdrop, the RAHSTA Expo will play a crucial role in driving progress towards more resilient, inclusive, and environmentally sustainable transportation infrastructure,” said Vipin Sondhi, Chairman, RAHSTA Expo Committee, signifying the importance of the expo.

Organised by the FIRST Construction Council, the RAHSTA Expo 2024, which will be held as part of 10th India Construction Festival, will bring together industry leaders, innovators, and stakeholders for two days of exploration, collaboration, and transformation.

Besides RAHSTA Expo 2024, the India Construction Festival 2024 will include the following:

Exhibitors can use RAHSTA Expo 2024 to showcase their construction machinery, building material machines, mining machines, and construction vehicles to a targeted audience of industry professionals. RAHSTA Expo will be an ideal platform to connect with key decision-makers, generate leads, and grow business in this rapidly expanding market.

Contact:

For exhibitor enquiries (for RAHSTA Expo), contact Mr Sujoy on Mob: +91 86577 95881, or Email: sujoy.g@asappinfoglobal.com

For delegate enquiries (for conferences), contact Mr Amar on Mob: +91 86524 93000, or Email: delegate1@asappinfoglobal.com

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Economy & Market

Road construction industry launches RAHSTA Expo 2024 in Delhi

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14th RAHSTA (Roads and Highways Sustainable Technologies & Advancement) Expo – India’s biggest road exhibition – will be held as a part 10th India Construction Festival 2024 at Jio Convention Centre, Mumbai, from October 9-10, 2024.

April 9, 2024, Delhi

FIRST Construction Council, a pioneering infrastructure-driven council focused on advancing India’s infrastructure development, will host a road show – SAHI RAHSTA – at PHD Chamber, Delhi, on April 9, 2024 to launch its 14th RAHSTA Expo, which will be held from October 9-10, 2024, at Jio Convention Centre, Mumbai. RAHSTA, which stands for Roads and Highways Sustainable Technologies & Advancement, is a dedicated event to the world of road construction equipment, technology, and sustainability. Distinguished industry experts such as Vipin Sondhi (Chairman of RAHSTA Expo Committee), R K Pandey (former NHAI member and Member of RAHSTA Expo Committee), and S K Nirmal (Secretary General, Indian Roads Congress, Ministry of Science and Technology, and Member of RAHSTA Expo Committee) will be the guiding force behind the RAHSTA Expo. 

The launch function at PHD Chamber for RAHSTA Expo will be attended by who’s who of the infrastructure industry such as Vipin Sondhi, R K Pandey, S K Nirmal, Prof Satish Pandey (Principal Scientist, CSIR-Central Road Research), Akhilesh Srivastava (Road Safety Ambassador, International Road Federation), Sandeep Singh (MD, Tata Hitachi Construction Machinery), Rajesh Menon (Director General, Society of Indian Automobile Manufacturers), Subodh Dixit (former Executive Director, Engineering & Construction Shapoorji Pallonji), Vijay Agrawal (Director, Equirus Capital), and Dr Ranjeet Mehta (Executive Director of PHDCCI), among others.

“With 6.3 million km, India has the second-largest road network in the world. National Highways has witnessed 58 per cent growth since 2013, a testament to India’s ambition. As per Interim budget 2024-25, the government will spend a record Rs 11.11 trillion on infrastructure creation in 2024-25 to ensure India remains one of the world’s fastest growing major economies. In this backdrop, the RAHSTA Expo will play a crucial role in driving progress towards more resilient, inclusive, and environmentally sustainable transportation infrastructure,” said Pratap Padode, Founder & President, FIRST Construction Council, signifying the importance of the expo.

Organised by the FIRST Construction Council, the RAHSTA Expo 2024, which will be held as part of 10th India Construction Festival, will bring together industry leaders, innovators, and stakeholders for two days of exploration, collaboration, and transformation.

Besides RAHSTA Expo 2024, the India Construction Festival 2024 will include the following:

Exhibitors can use RAHSTA Expo 2024 to showcase their construction machinery, building material machines, mining machines, and construction vehicles to a targeted audience of industry professionals. RAHSTA Expo will be an ideal platform to connect with key decision-makers, generate leads, and grow business in this rapidly expanding market.

Contact:

For exhibitor enquiries (for RAHSTA Expo), contact Mr Sujoy on Mob: +91 86577 95881, or Email: sujoy.g@asappinfoglobal.com

For delegate enquiries (for conferences), contact Mr Amar on Mob: +91 86524 93000, or Email: delegate1@asappinfoglobal.com

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