Peru: Votorantim to buy assets of Cementos Orotongo

Votorantim Cimentos has made an agreement with Concesur (Consorcio Cementero del Sur) to purchase the cement assets of Cementos Orotongo acquired by Votorantim in 2012 from Cimpor.

The deal is worth US$4m and includes a project to set up a US$125m cement plant at La Joya with a capacity for 650,000tpa of cement and 1500tpd of clinker. This plant project was originally planned in 2011.

Votorantim is also setting up a cement plant at Pachacamac, southern Lima, in alliance in Cementos Bio Bio, reports South American Business Information.