Arabian Cement enters into JV agreement with Cementos La Union
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Cement,
Egypt's Arabian Cement has entered into a €23 million joint venture agreement with Cementos Relampago, part of Brazil's Cementos La Union. According to a statement released by the company, Arabian Cement's Board of Directors has approved the plans to set up a new 230 000 tpa cement grinding facility in Northwest Brazil.
50% of the €23 million investment would be financed through debt and equity, while Arabian Cement's contribution would be €7 million, representing 60% of the total paid-in capital (according to the statement).
Arabian Cement has a production capacity of 5 million tpa and a market share of around 8% in Egypt, while Cementos La Union is one of Brazil’s leading cement manufacturers.
Edited from various sources by Rosalie Starling
Sources
Read the article online at: https://www.worldcement.com/the-americas/04112014/arabian-cement-enters-into-jv-agreement-with-cementos-la-union-787/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Clever Ways To Cut Aggregate Crushing Costs
Michael Metson, Komatsu, walks through five top tips that operators can implement to reduce the costs of crushing aggregates.
