Colombia: Organizacion Corona has announced that its President Carlos Enrique Moreno will be replaced by Jaime Alberto Angel from October 2017 as head of the Corona Industrial division. Angel will oversee the construction of a US$400m cement plant in the Sonson Municipality of Antioquia, which the group is building as a joint venture project with Spain’s Cementos Molins. The 1.35Mt/yr plant is expected to come online in early 2019.
Moreno said that the decision to split the company’s management was due to the construction of the cement plant. Angel will also look after Corona’s bathrooms and kitchens, materials and paints, energy and industrial supplies and tableware divisions.