Cementos Molins

Cementos Molins has reduced the purchase price for LafargeHolcim Bangladesh to US$62 million, down from the originally announced US$117 million in December 2016, for 100% of the company which owns three cement grinding units in Bangladesh.

Cementos Molins, through Cementos Avellaneda, plans to invest $200 million in its La Calera plant to increase capacity by 700,000 tonnes per year to 1 million tonnes by H2 2019, and $30 million in its Olavarría plant to add 300,000 tonnes per year by end of 2017.

Cementos Molins is awaiting authority approval to acquire three grinding plants from Holcim in Bangladesh.

Cementos Molins and its partner Corona are building a new EUR336 million cement plant in Colombia, with construction awarded to OHL.

Cementos Molins plans to invest EUR350 million over three years to increase its production capacity by 4.4 million tonnes per annum, with projects in Argentina, Colombia, and Bangladesh.