Cement News tagged under: Unacem

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Unacem plans to invest US$58m in 2015

09 September 2014, Published under Cement News

Peru's Unacem intends to invest US$58m in its Atocongo and Condorcocho works next year. The projects focus on the development of the Carpapata III hydropower plant, the cement mill and packing area (Condorcocha) as well as  capacity expansions and other investments in fixed assets. This year, investments in its subsidiaries total US$545m as it signed a deal with Lafarge to acquire the latter's Ecuadorian cement subsidiary in June. Lafarge sales in the country are expected to reach US$190m....

Peru: Unacem market share slips to 49%

06 May 2014, Published under Cement News

Peruvian cement company Unacem has seen its market share fall from 51.42 per cent in 1Q13 to 49.14 per cent in 1Q14, according to news service Gestión. The cement maker has attributed the decline to a combination of “aggressive competition from imported cement at dumping prices and lower cement demand”.