Cement News tagged under: UNACEM
UNACEM completes Ecuador acquisition03 December 2014, Published under Cement NewsPeruvian cement producer Union Andina de Cementos SAA (UNACEM) confirmed that it has completed the purchase of Lafarge’s cement operations in Ecuador. "We are pleased with the closing of the transaction, which represents an important step in our growth strategy,” Carlos Ugás, managing director of Unacem. The company closed the acquisition, initially announced in May this year, for approximately US$517m, according to local press reports. The deal involves the purchase of a 1.4Mta cement w... |
Peruvian firms tumble on concerns of slowing shipments10 October 2014, Published under Cement NewsPeruvian cement makers slumped on concerns of slowing building materials sales while the government scales back infrastructure spending. According to reports by Bloomberg, Cementos Pacasmayo SA fell one per cent yesterday, its sixth straight daily decline, to PEN4.75. Unacem, the country’s largest cement producer, lost 1.7 per cent to PEN2.9, the lowest since September 2012. In August domestic dispatches in the Peruvian cement market edged 0.75 per cent down to 908,553t when compared with... |
Unacem plans to invest US$58m in 201509 September 2014, Published under Cement NewsPeru's Unacem intends to invest US$58m in its Atocongo and Condorcocho works next year. The projects focus on the development of the Carpapata III hydropower plant, the cement mill and packing area (Condorcocha) as well as capacity expansions and other investments in fixed assets. This year, investments in its subsidiaries total US$545m as it signed a deal with Lafarge to acquire the latter's Ecuadorian cement subsidiary in June. Lafarge sales in the country are expected to reach US$190m.... |
Peru: Unacem market share slips to 49%06 May 2014, Published under Cement NewsPeruvian cement company Unacem has seen its market share fall from 51.42 per cent in 1Q13 to 49.14 per cent in 1Q14, according to news service Gestión. The cement maker has attributed the decline to a combination of “aggressive competition from imported cement at dumping prices and lower cement demand”. |