Cemento Melon reports 14% decrease in 2017 sales
Chile’s Cemento Melon saw its sales decrease by 14 per cent to US$298m in 2017 from US$345m in 2016.
Chile
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Invesa raises Bío Bío stake
Following the launch of a public offer to buy 54,208,259 shares in Cementos Bío Bío (CBB) last month, Inversiones y Desarrollos (Invesa) has confirmed it has increased its stake...
Hurtado Vicuña on the verge of completing required divestment
Grupo Hurtado Vicuña is expected to be soon completing the divestment of a part of Cementos Bicentenario (BSA) assets, one of the main conditions imposed by Chile’s Fiscalia Nac...
Invesa to consolidate Bío Bío majority
Chile’s Inversiones y Desarollos (Invesa) officially launched a public offer to acquire 54,208,259 shares in Cementos Bío Bío.
Cementos Bío Bío seeks improvement with innovation index
Cementos Bio Bío (CBB) of Chile has begin a collaborative project with Innspiral, the first accelerator of corporate innovation in Chile and Latin America. The aim is to engende...
Votorantim gets cold feet in Chile
This week saw a change in the stakeholder share in Chilean producer Cementos Bio Bio with Brazil-based Votorantim selling 13.1 per cent of the shares in the company to the Brion...
Cemento Melon sees 57% 3Q profit drop
Cemento Melon, Chile, reported a 56.8 per cent drop YoY in profits to CLP5bn in 3Q17.
Chile's Briones family hikes Bío Bío stake
The Briones family has decided to acquire a further 13.1 per cent stake in Cementos Bío Bío SA from Votorantim for more than CLP29bn (US$45.5m), according to Chilean daily La Te...
Cemento Polpaico sees CLP-2.28bn loss in 9M17
Chile’s Cemento Polpaico has reported a loss of CLP-2.281bn (US$3.58m) in the January-September 2017 period. This compares with a profit of CLP4.1534bn in the year-ago period.
Key equipment for Fancesa line arrives at port
Some 200 large components for the new production line of Bolivian cement producer Fábrica Nacional de Cemento (Fancesa) have arrived at the northern Chilean port of Iquique.