End of preview - This article contains approximately 839 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Economy & Business - July-August 2012 (ISSN 1741-7430)
Peru’s cement industry looks to consolidate amidst boom
On 24 July Cementos Lima, Peru’s largest cement maker, formally announced its merger with Cemento Andino, another player in the local market, to create Unión Andina de Cementos. The merger is an attempt by Cementos Lima to remain the leading cement provider in Peru, which is enjoying a construction boom on the back of its strong economic performance in recent years. The merger comes as Latin America’s cement producing giant, Mexico’s Cemex, has set its eyes on expanding its presence in the Peruvian market. While the birth of Unión Andina de Cementos may give Peru its own cement industry champion, whether it will be able to compete with the highly successful Cemex remains to be seen.
- Graziano calls for coordinated action to head off global food price crisis
- Better than Brazil
- Green shoots
- Investors keep their distance
- Economic performance continues to surprise
- Morales hails start of lithium industrialisation
- Troubled coffee growers want cash injection from mining
- Central bank looks to strengthen dollarised system
- Central bank holds rates
- Timely pre-election bonus for Chávez
- DOMINICAN REPUBLIC: Gold mine re-starts operations
- EL SALVADOR: Boosting trade with Cuba
- GUATEMALA: Remittances continue to rise
- NICARAGUA: Talking about tax
- PANAMA: Toll increases approved
- Peru’s cement industry looks to consolidate amidst boom
- Enersis deal comes under suspicion
- Mexico shows up Brazil