Displaying items by tag: Cimento Nassau

Brazil: Federal police in Pernambuco have launched an investigation into the alleged involvement of organised crime in João Santos Group, the owner of Cimento Nassau. 53 search warrants have been issued in four Brazilian states with the involvement of over 240 police officers, according to the Valor Econômico newspaper. The police are looking into allegations of asset diversions and tax evasion up to a value of around US$1.6bn.

Brazil: Wellington Dias, the governor of Piauí, is seeking the reopening of the Itapissuma cement plant. Owners João Santos Group closed the plant in March 2017 due to an 80% drop in sales caused by the country’s poor economy. Around 500 employees were laid off, according to the state government. The cement producer planned to make a final decision on the future of the plant by the end of September 2017. However, the governor has intervened to try and coordinate the purchase of the plant by a local business consortium.

Brazil: Over 500 workers have gone on strike at Cimento Nassau’s Alexio cement plant in Amazonas. The dispute is over back pay and better working conditions, according to the Amazonas em Tempo newspaper. The management of the plant is attempting to start negotiations.