Tag Latin America

Votorantim upgrades 2 cement plants in Brazil

Votorantim Nobres

Votorantim Cimentos announced plans to invest BRL330m (US$60m) to expand and modernize its Nobres and Cuiabá cement plants in Mato Grosso, Brazil. At Nobres (photo), a new cement mill will boost capacity by 60% from 0.75 to 1.2 Mta. The…

InterCement to sell Loma Negra stake in Argentina

LomaNegra Amali new

InterCement is negotiating to sell the shares in cement producer Loma Negra to Grupo EMES, one of the largest private equity and institutional investors in Argentina, led by founding partner and Chairman Marcelo M. Mindlin. InterCement, owned by Mover Participações…