McInnis Cement could be up for sale

A Canadian pension fund has hired advisers to explore the possible sale or partial sale of McInnis Cement, reports Bloomberg.

Caisse de Depot et Placement du Québec and its partners have hired advisers to explore options to sell part or all of McInnis Cement. McInnis Cement project was the first new cement plant to serve eastern Canada and New England in more than 50 years when it opened last year.

McInnis Cement has a deep-water marine terminal next to the 2.2Mta Port-Daniel-Gascons plant, in Québec, and operates its own distribution network of terminals in the US and Canada. The Port-Daniel-Gascons plant started operations at the end of 2016 and was inaugurated in September 2017.