Cement News tagged under: Loma Negra
Cimpor03 January 2018, Published under Cement NewsThe now-quoted Cimpor subsidiary Loma Negra is to invest some US$350m in the construction of an additional production line at its L’Amali works in Olavarría, Buenos Aires province, Argentina. The construction of the new kiln and two vertical roller mills as well as a complete system for bagging and palletising should be completed during 2020. This investment should increase the capacity by around 40 per cent to 2.7Mta. |
Loma Negra to invest US$350m in new L'Amali line14 December 2017, Published under Cement NewsInterCement-owned Loma Negra will invest US$350m in a brownfield expansion of its L'Amali plant in Olavarría, Buenos Aires province, Argentina, the company announced in a meeting with the President of Argentina, Mauricio Macri. The investment will boost the company's domestic capacity by 40 per cent. The new production line, which will add 2.7Mta of annual capacity, will consist of a new state-of-the-art kiln, two vertical roller mills to grind raw materials and cement as well as a compl... |
Loma Negra to raise capital during positive Argentine climate15 September 2017, Published under Cement NewsArgentina's cement market has seen a revival in the last year and this week further positive indicators have been released with consumption rising by 7.4 per cent YoY during August 2017 to 1.122Mt, according to data from Asociacion de Fabricantes de Cemento Portland (AFCP). Cimpor (an InterCement Company - itself part of the Carmago Correa group), which operates in Argentina via its Loma Negra subsidiary, also commented in its 1H17 results that cement consumption in Argentina is performing ... |
Loma Negra to double-list08 September 2017, Published under Cement NewsArgentina’s Loma Negra has followed up its initial public offering (IPO) in New York with an offering on the domestic stock exchange, according to Brazil’s Valor newspaper. Analysts forecast the domestic float, expected as early as this month, could bring more than US$100m to the company’s coffers. The cement producer will use the funds to expand its Amali works, a project which requires an investment of US$350m, as well as reducing debt. |
Camargo Correa in talks to sell stake in Argentinian cement assets09 December 2016, Published under Cement NewsReuters reports that an anonymous source has disclosed that Brazilian engineering firm Camargo Correa has opened talks with a view to selling a 40 per cent stake in its Argentinian cement firm, Loma Negra Cia Industrial. Camargo Correa has raised US$2.5bn this year from asset sales, and has been examining the feasibility of selling all or part of its stake in Loma Negra and Brazil’s InterCement for the past two years. Sources close to the company said that Camargo Correa had previously... |
Loma Negra to proceed with San Juan plant02 December 2013, Published under Cement NewsLoma Negra has Loma Negra approved the construction of a new cement plant in San Juan, according to the Argentine cement producer’s manager, Osvaldo Schütz. While the company had shelved the project, which was to start this year, following the strong protest of the local Pocito population, Mr Schütz said the plant would be built but did not specify the exact location. Construction on the 2000tpd works would start in 2014 and take 30 months to build. Loma Negra is Argentina’s leading c... |
Argentinan capacity at its limits?07 November 2013, Published under Cement NewsCement production capacity in Argentina is reaching its limit, according to Sitio Andino. The rupture of a filter that paralysed Loma Negra’s San Juan works for a month-and-a-half, at a time when the Mendoza construction sector enjoyed a recovery, has highlighted the tight fit between supply and demand in the South American country. Delivery lead times shot up to 30-45 days and prices surged at retail level to around US$58/50kg bag. Loma Negra and Holcim, two major cement producers recog... |
Argentinian Court of Appeal rejects cartelisation appeal25 June 2012, Published under Cement NewsArgentina’s Court of Appeal has rejected the appeal made by Loma Negra, Juan Minetti, Cementos Avellaneda, Petroquímica Comodoro Rivadavia and Cemento San Martín, upholding the previous price-fixing ruling and the multi-million peso fines attached. The companies were awarded fines of ARS300m (US$66.5m) as penalty for anti-competitive practices between 1981-99. Loma Negra will be expected to pay ARS138.7m, Juan Minetti ARS100.1m, Cementos Avellaneda ARS34.6m, Cementos San Martín ARS28.5m... |
Loma Negra announces new plant construction, Argentina20 April 2012, Published under Cement NewsArgentine cement producer Loma Negra has announced it will invest US$250m in a new cement plant in the province of San Juan. The factory will be built in the town of Pocito, 20km from the capital of San Juan, and will have a production capacity of 1Mta of cement. Currently, Loma Negra has nine plants, six of which are in the province of Buenos Aires, while the remaining are in Neuquén, San Juan and Catamarca. Loma Negra is part of Brazilian conglomerate Camargo Corrêa. |