Peru: Sources close to the Peruvian cement sector have reported that the shareholders of Cementos Portland (Cempor), a joint venture between Peru's Portland Investment World Cement Group, Brazil's Votorantim Cimentos and Chile's Cementos Bío Bío that was due to construct a cement plant close to the Peruvian capital Lima, did not reach an agreement on its agenda items. They are now to resolve their differences in an international commercial arbitration, which will probably take place in France. Issues came to a head at a meeting on 27 January 2014 due to a disagreement over financing.
Peruvian joint venture plant no longer on the cards
Written by Global Cement staff
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