Cement News tagged under: SOBOCE

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Peru's Gloria Group acquires control of Soboce, Bolivia

18 December 2014, Published under Cement News

Peruvian conglomerate Gloria Group has acquired an outstanding 51.35 per cent stake in Bolivia's largest cement producer Sociedad Boliviana de Cemento (Soboce) for US$300m. Gloria previously held a 47 per cent stake in Soboce, once the flagship of magnate and former presidential candidate Doria Medina, with US$280mn in annual sales. Mr Medina, who lost to President Evo Morales in the October presidential elections, opposed Mr Morales' move to nationalise Soboce's 30 per cent stake in cemen...

Bolivia: FLSmidth to supply new Soboce plant

25 November 2014, Published under Cement News

FLSmidth has signed a contract with Sociedad Boliviana de Cemento SA (SOBOCE) for the supply of equipment and machinery for a cement plant in Bolivia. The cost of the project is estimated at US$180m and will include the construction of a 0.8Mta cement plant in Yacuses, Puerto Suarez, that is expected to be fuelled by natural gas. Álvaro Andrade, national project manager, and Felix Salek, regional manager SOBOCE, indicated that during the construction phase up to 600 people for the developme...

Bolivian cement project hits gas supply issue

21 March 2014, Published under Cement News

Bolivian cement producer Sociedad Boliviana de Cemento (Soboce) said that investments in the sector have been stalled by the lack of energy to build new plants. Soboce planned to invest around US$160m in a new 0.8Mta cement works in the municipality of Port Suárez, Yacuses, but the lack of gas supply, which was to be delivered by state-owned Yacimientos Petroliferos Fiscales Bolivianos (YPFB), to the site delayed the project. Soboce president, Samuel Doria Medina closely-linked the cem...

Bolivian government and cement companies agree to increase output

21 December 2012, Published under Cement News

Bolivia’s government and local cement producers have agreed to raise cement production by 17 per cent next year, taking the current figure of 3Mta to 3.5Mta. Deputy Minister for Medium- and Large-Scale Industrial Production, Camilo Morales, said yesterday that the agreement was the result of his meeting on Monday with representatives of Soboce, Coboce and Fancesa as well as executives of the Bolivian Chamber of Construction (Caboco).??"This year we are closing with about 3Mt of cement and...

Coboce: Bolivia’s demand growth requires further investment

11 December 2012, Published under Cement News

Without new investment in the cement industry, Cochabamba and Bolivia as a whole could face new supply shortages by 2016. In the past two years, the country has seen demand growth double from seven to 14 per cent and in some cases, growth peaks of up to 26 per cent were recorded. In 2013, a new plant will be launched but the growing demand, fuelled by the growth of public and private works will require further investment. This year the government announced a US$2bn injection in infrastruc...