Uruguay: The Administación Nacional de Combustibles, Alcohol y Portland (ANCAP) has announced plans to find a partner for its cement and lime business. The state-owned company is attempting to restore competiveness to the national market, according to La República newspaper. It will first call for expressions of interest and then take selected offers forward.
ANCAP operates two integrated cement plants, a lime plant and an associated packing and distribution unit. It reportedly made a loss of US$15m in 2021.
