Cement News tagged under: FOSSAL

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Peru: Cementos Pacasmayo to split operations

23 August 2016, Published under Cement News

Cementos Pacasmayo SAA and subsidiaries announced that its Board of Directors have approved the separation of its phosphate operations Fosfatos del Pacifico (FOSPAC) from its cement operations. Ownership of FOSPAC will be transferred to separate entity FOSSAL, which will hold 70 per cent ownership whilst 30 per cent remains with MCA Phosphates PTE, a division of Mitsubishi Corp. Chairman of FOSPAC, Roberto Dañino said, “FOSPAC is an attractive project, with substantial phosphate reserves ...