Cement News tagged under: Cemento Polpaico

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Polpaico appoints Marcos Büchi as new President

16 August 2017, Published under Cement News

Marcos Büchi has been appointed as company president by Chile-based Cemento Polpaico as a result of the restructuring of its management. Javier Moreno is the cement producer’s general manager. This follows a successful acquisition by the Hurtado Vicuña family’s Inversiones Caburga, which acquired a 54.3 per cent stake from LafargeHolcim in the last quarter of 2016.

Cemento Polpaico net profits quadruple YoY in 9M16

22 November 2016, Published under Cement News

Chile’s Cemento Polpaico saw its revenues decrease by 1.14 per cent to CLP108,669.55m in January-September 2016 from CLP 108,927.811m. However, net profits during the first nine months of 2016 more than quadrupled from CLP816.866m in 9M2015 to CLP4153.866m when compared with the 9M16. The company noted a significant fall in finance costs as well as higher financial revenues.

LafargeHolcim exits Chile as it sells Cemento Polpaico

10 October 2016, Published under Cement News

LafargeHolcim will sell its majority stake in Chile's Cemento Polpaico to investment firm Inversiones Caburga Ltda, whose interests include the Chilean ready-mix market through Cementos Bicentenario.  Caburga, owned by the Hurtado Vicuna Group, agreed to buy the 54.3 per cent stake, which represents around CHF220m (US$225m), via a public tender offer, according to LafargeHolcim. Cemento Polpaico operates one integrated cement works and two grinding units with a total cement capacity o...

Chile: Cemento Polpaico's photovoltaic park gets environmental green light

09 December 2015, Published under Cement News

Chile's environmental authorities have approved a plan of local cement maker Cemento Polpaico SA  for the construction of a 23.5-MW photovoltaic (PV) park as part of the central system SIC. The approval, published on Friday, envisages the installation of 243,120 modules near Cemento Polpaico's Cerro Blanco industrial plant in Tiltil, Chacabuco province. The solar facility will require an initial investment of US$42m (EUR 38.9m) and its energy will be injected into the grid through the exist...

Chile: Cemento Polpaico to pay US$14.6m in back-taxes

03 September 2015, Published under Cement News

Cemento Polpaico reported that the Chilean tax office (SII) has ordered the cement producer to pay U$14.6m in back-taxes for the years 2012 and 2013. Liquidations have led to US$7.2m outstanding with the country’s revenue authorities, with adjustments, interest and fines by SII increasing the amount payable to US$14.6m. Polpaico indicated that it believes the adjustments are unfounded and incorrect and is expected to complain to the relevant tax authorities.

Chile: Cemento Polpaico to invest in solar power project

21 May 2014, Published under Cement News

Cemento Polpaico plans to invest US$42m in a 20MW solar power project, to be installed next to its plant in Tiltil municipality, Chile. The park will help diversify Chile's energy mix and will supply renewable energy to the central power network SIC, through the Punta Peuco substation, according to the environmental impact declaration. The company estimates it could start construction works this year. Polpaico, which is 54 per cent owned by Holcim, is Chile’s second-largest cement p...