Cementos Bio-Bio wants to lead

Cementos Bio-Bio wants to lead
Published: 24 March 2004

Cementos Bio-Bio, the Chilean cement producer, is planning to reorganize its three business units under a holding company structure in an attempt to lead the domestic construction material market. If the plans are implemented, the company will operate in the cement, concrete, mortar and lime segments through Cementos Bio-Bio, Ready Mix, Dry Mix and Icesa, respectively. It will operate in the ceramics business through Cisa (Ceramicas Industriales) and in the forestry business through Aserraderos Cementos Bio-Bio, Forestal Cementos Bio-Bio, Forex Empresa de Remanufactura, CBB Millwork & Sawmilling. Plans also involve the eventual flotation of the group’s three units on the market. Cementos Bio-Bio posted profits of Pesos$13,932mil in the third quarter of 2003, compared with profits of Pesos$8,821mil in the same period in 2002. The company hopes to have ended 2003 with profits of Pesos$20,000m.