Skip to main content

Lafarge and Elementia to bring together Mexican cement assets

World Cement,


Lafarge and Elementia are to form a joint venture bringing together their Mexican cement operations. It will include the 1 million tpa plant currently being constructed by Elementia in central Mexico, as well as Lafarge’s Vito and Tula plants, which have a total capacity of almost 1 million t.

Lafarge and Elementia will hold a 47% and 53% stake in the business, respectively. The venture, which will enhance Lafarge’s position within the Mexican market, will be incorporated as an equity affiliate by the firm.

Combining the two group’s cement assets is subject to regulatory approvals. No cash is involved in the transaction. The venture is likely to be finalised in 2H13, in line with the opening of Elementia’s cement plant.

Adapted from press release by Louise Fordham.

Read the article online at: https://www.worldcement.com/the-americas/09012013/cement_lafarge_elementia_joint_venture_mexico_819/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

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