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.
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