UNACEM buys Cementos Portland for US$28m

Written by Global Cement staff 12 October 2018

Peru: UNACEM has purchased Cementos Portland (Cempor) for US$28m. It acquired a full stake in the company from Chile's Cementos Bío Bío and Brazil’s Votorantim Cimentos, according to Semana Económica magazine. Cementos Bío Bío and Votorantim originally planned to build a US$150m cement plant in Lima. However, this was delayed by a legal battle over environmental issues initiated by Unacem. The Peruvian cement producer operates an integrated plant in Lima.

Last modified on 13 May 2019

Published in Global Cement News

Tagged under

Peru
UNACEM
Acquisition
Cempor
Cementos Bio Bio
Votorantim Cimentos
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