Colombia's largest cement maker Cementos Argos' acquisition of a number of Lafarge's US cement assets - expected to be approved by August 1 - will significantly bolster the company's growing US presence. CFW notes that despite the firm's entry into the American market (in 2005) being overshadowed by a deep recession, it remains unperturbed with regard to its strategy. Moreover, while weak economic data continues to emerge from the US, Cementos Argos is among a growing number of Latin American and emerging market (EM) firms within the sector keen to capitalise on the divestiture of US assets by indebted Western companies.
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