Skip to main content

Arabian Cement enters into JV agreement with Cementos La Union

Published by
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

 

 WCT2021

WCT2021

At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »

 

Thinking about filtration

Graziano Bertulessi and Martin Schroeter, Tri-Mer Corporation, explain why the cement industry should embrace ceramic filtration technology as a valuable tool to achieve the next level of emissions control.

 
 

Embed article link: (copy the HTML code below):