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News Egypt's Arabian Cement agrees joint venture with Brazil's Cementos La Union

Egypt's Arabian Cement agrees joint venture with Brazil's Cementos La Union

Written by Global Cement staff 04 November 2014
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Egypt/Brazil: Egypt's Arabian Cement has entered a joint venture for a cement grinding plant with Brazil's Cementos La Union. The project is worth US$28.8m.

Arabian Cement's board of directors approved the venture with Cementos Relampago, an affiliate of Cementos La Union, 'to establish a cement grinding plant in Northwest Brazil with a total capacity of 230,000t/yr.' The US$28.8m investment cost will be financed 50% through debt and equity. Arabian Cement's contribution would be US$8.76m, representing 60% of the total paid-in capital.

Last modified on 05 November 2014
Published in Global Cement News
Tagged under
  • Egypt
  • Brazil
  • Arabian Cement Company
  • Cementos La Union
  • Plant
  • Cementos Relampago
  • Joint Venture
  • GCW175

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