Votorantim and Consorcio Cementero del Sur to buy Cementos Otorongo

Consorcio Cementero del Sur (CCS), a subsidiary of Gloria Group, has signed an agreement with Brazil’s Votorantim and its subsidiary Corporacion Noroeste, to buy Peruvian cement company Cementos Otorongo for US$4m. Cementos Otorongo is a subsidiary of Cimpor that is planning to build a cement plant in southern Peru for US$125m, according to the Gestión newspaper. 

Cementos Otorongo submitted an environmental impact study on the project in 2011 for proposed sites in La Joya, Arequipa and Mollendo, Islay. The planned plant will have a production capacity of 0.65Mt/yr. 

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