Cement News tagged under: Cementos La Unión
UNACEM acquires Cementos La Union's operations in Chile11 October 2021, Published under Cement NewsSpain-based Cementos La Unión has closed a deal to sell its operations in Chile to UNACEM, following approval from the National Economic Prosecutor of Chile (FNE) last March. The transaction is valued at US$23m, which includes both the value of the purchase and the existing debt of the subsidiary. The acquisition will see the transfer of a 300,000tpa grinding and packing plant located in San Antonio, Valparaíso region, as well as two concrete plants. |
Unacem buys Cementos La Unión in Chile for US$23m18 December 2020, Published under Cement NewsPeru-based Unión Andina de Cementos (Unacem) has signed a contract with Cementos La Unión and Aridos Jativa, and the Chile’s Inversiones Mel 20 Ltda for the purchase of the full stake of shares of Cementos La Unión in Chile and 100 per cent of the social rights of Inversiones Mel 20. The contract was signed on December 11 and is subject to compliance with conditions such as approval by the Chilean National Economic Prosecutor's Office. Subject to approval, Unacem will own the 0.3Mta San An... |
ICSID rules in Egyptian states favour in Spanish cement case06 November 2020, Published under Cement NewsAfter seven years of arbitration proceedings, the International Center for Settlement of Investment Disputes (ICSID) has turned down a lawsuit filed by Spanish companies Cementos La Unión and Aridos Jativa against the Egyptian State. The dispute concerned a compensation claim of more than EUR236m for damages allegedly incurred by both companies. Cementos La Unión and Aridos Jativa claimed that the Egyptian State had not upheld its international obligations and argued that a bilater... |
Arabian Cement to set up Brazilian joint-venture05 November 2014, Published under Cement NewsEgypt-based Arabian Cement Company, announced it will establish a grinding plant in northwest Brazil as part of a joint-venture agreement with local cement manufacturer Cementos Relampago, part of Cementos La Union. The 2.3Mta facility is expected to involve an investment of €23m ($28.7m), of which Arabian Cement will contribute €7m. Arabian Cement added that its contribution represents 60 per cent of the total paid in capital, noting that 50 per cent of the project’s cost will be financed... |
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