While ANCAP is expected to hold onto its three cement units, the restructuring of the company will see the dismissal of 200 personnel.

Staff have received the “commitment” from the company’s general manager, Ignacio Horvath, and the Portland Division Manager, Fernando Acuña, that the plants of Paysandú and Minas as well as the Manga distribution centre will remain open.

In the past decade the Uruguayan cement producer has reported  losses of US$200m.