Cemento Cosmos, part of Brazil-based Votorantim Cimentos, is stopping the kiln at its Córdoba plant in Spain in 2022 due to high energy costs. The plan.
Votorantim Cimentos to merge McInnis Cement and St Mary’s Cement Written by Global Cement staff
11 December 2020
Canada/US: Brazil-based Votorantim Cimentos says it has agreed to form a new 83%-owned subsidiary based in Toronto to combine the assets of McInnis Cement and St Mary’s Cement. Caisse de dépôt et placement du Québec (CDPQ), the current owner of McInnis Cement, will hold a 17% stake in the joint-venture. The group says that it will manufacture, distribute and sell building materials in the companies’ existing regions in Canada and the US.
Votorantim Cimentos said, “The company believes this transaction will result in the creation of a competitive, nimble and highly efficient business that will be better able to supply cement to customers in Canada and the US. In addition to strengthening the company’s presence in North America by expanding its current cement production capacity by 2.2Mt/yr and combin