McInnis Cement

St. Marys Cement (a Votorantim Cimentos subsidiary) and McInnis Cement will combine their North American assets into a joint venture, with Votorantim Cimentos International holding 83% and CDPQ holding 17%.

Brazil-based Votorantim Cimentos is in discussions with Caisse de dépôt et placement du Québec (CDPQ) to acquire its majority stake in McInnis Cement in Canada. The stake has been for sale since January 2020.

McInnis Cement is building a new DomeSilo for cement storage and a truck loadout lane at its facility in Providence, Rhode Island, to supplement existing flat storage and improve operational flexibility.

McInnis Cement announced that 75% of construction of its cement plant in Port-Daniel–Gascons, Quebec is complete, with first cement deliveries expected in spring 2017. Shareholders closed approximately $280 million in new financing.