Skip to main content

UNACEM completes acquisition of Lafarge Cementos Ecuador

World Cement,


Peruvian cement manufacturer Union Andina de Cementos (UNACEM) has completed the acquisition of Lafarge Cementos Ecuador. The purchase, which was first announced in May 2014, was around US$517 million. UNACEM bought 98.57% of Lafarge Cementos Ecuador via Public Stock Offering.

“We are pleased with the transaction, which represents an important step in our growth strategy. With this long-term investment in our neighbouring country, Ecuador, we are committed to the Ecuadorian market, to serve it in the best way and to continue with the company’s contribution to the citizens’ quality of life,” said Carlos Ugás, UNACEM’s CEO-Director.

“The prestige of the UNACEM group in the cement industry makes this investment an attractive challenge for our company’s employees, who have received a clear message of continuity. In that regard, we are excited about the new era ahead,” added José Antonio Correa, CEO of Lafarge Cementos Ecuador.


Adapted from press release by

Read the article online at: https://www.worldcement.com/the-americas/11122014/unacem-completes-purchase-of-lafarge-ecuador-1001/

You might also like

 EnviroTech

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.

Final tickets on sale NOW »

 
 
 

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