Cemex announced on April 30,2024 that it has reached full investment grade status after being upgraded to BBB- by rating agency Fitch Ratings. This follows S&P Global Ratings’ upgrade announced in March 2024. “Achieving investment grade is a milestone for Cemex,” said Fernando A. González, CEO of Cemex. “This rating is confirmation of both our...
Argos achieved an annual consolidated EBITDA of 2.16 billion Colombian pesos, the highest result in its history. The company reported an 18.3%** increase in consolidated cement volumes and a 2.7%** increase in consolidated ready-mix volumes at the end of the year. The net debt to EBITDA plus dividends ratio closed at 2.87...