Displaying items by tag: Cemento Polpaico
Chile: Cemento Polpaico has changed its commercial strategy following a poor year for the construction industry in 2016. The cement producer has moved from a geographical approach to one based on the profile and sector of its customers, according to the Diario Financiero newspaper. It has also reorganised its business into three segments: retail, construction and special projects.
LafargeHolcim agreed to sell its controlling stake in Cemento Polpaico to Inversiones Caburga in late 2016. However, the transaction is still awaiting approval by the Fiscalía Nacional Económica.
Chile: LafargeHolcim has signed an agreement with Inversiones Caburga, part of the Hurtado Vicuña Group, to sell its 54.3% stake in Cemento Polpaico for US$225m. The transaction will be carried out by a public tender offer by Inversiones Caburga to all shareholders of Cemento Polpaico.
Cemento Polpaico operates one integrated plant and two grinding plants with an annual cement capacity of 2.3Mt/yr. The company is also a leading ready-mix concrete producer operating 25 plants and produces aggregates. The launch of the public tender offer is subject to the approval of the Chilean competition authorities, which is expected for the first half of 2017. Following the successful completion LafargeHolcim would exit Chile completely.
Chile: Chile's environmental authorities have approved a plan of Cemento Polpaico for the construction of a 23.5MW photovoltaic (PV) park as part of the country's power grid.
The approval envisages the installation of 243,120 modules near Cemento Polpaico's Cerro Blanco plant in Tiltil, Chacabuco. The solar facility will require an initial investment of US$42m and its energy will be injected into the grid through the existing interconnection with the Punta Peuco substation. The annual output is estimated at 44GWh. The company will need around 112 workers during the construction phase, which could start at the end of April 2016, and up to 10 workers during operation.
Chile: On 20 May 2014 the environmental committee of Chile's Santiago Metropolitan region admitted for evaluation a 20MW solar power project from Chilean cement producer Cemento Polpaico.
Cemento Polpaico plans to invest US$42m in the Cerro Blanco photovoltaic park, which will be installed next to its cement plant in the Tiltil Municipality. The park will help to diversify Chile's energy mix and will supply renewable energy to the central power network (SIC), through the Punta Peuco substation, according to the environmental impact declaration. Construction is projected to commence in 2014.