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News UNACEM Chile and UNICON Chile acquire Conovia

UNACEM Chile and UNICON Chile acquire Conovia

Written by Global Cement staff 23 November 2022
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Chile: UNACEM Chile and its ready-mix concrete partner UNICON Chile are set to acquire aggregates company Constructora de Obras y Viales Limitada (Conovia). Peru-based UNACEM Group concluded an agreement to buy Conovia's parent companies Inversiones Befeld Limitada and Inversiones Majas Limitada for US$3.7m on 21 November 2021. Gestión News has reported that Conovia has 180,000t/yr of aggregates production capacity in Valparaíso Region. At present, UNACEM Chile has 600,000t/yr in cement grinding capacity, while UNICON Chile has 1.2Mm3/yr in ready-mix concrete capacity.

UNACEM Group aims to grow its Chilean cement market share to 10 - 15% in 2025, from 8% during 2021. The market is reportedly valued at US$350m/yr.

Published in Global Cement News
Tagged under
  • Chile
  • UNACEM
  • UNICON
  • Acquisition
  • Conovia
  • GCW584
  • concrete
  • Aggregates
  • Peru
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