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New Corona-Cementos Molins 'Ecocementos' Cement Plant in Sonson, Antioquia New Corona-Cementos Molins 'Ecocementos' Cement Plant in Sonson, Antioquia Source: Cementos Molins

Corona, Cementos Molins Debut US$380 Cement Plant in Antioquia

Published in Companies Written by  October 31 2019 font size decrease font size increase font size 0
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Spain-based Cementos Molins and Colombia-based multinational construction-materials producer and retailer Corona announced October 30 the start-up of their US$380 million, 1.5-million-tons/year, 50-50 joint venture “Empresa Colombiana de Cementos” (Ecocementos) cement plant near Sonson, Antioquia, east of Medellin.

Commenting on the start-up, Cementos Molins spokesman Julio Rodríguez said that the new plant will help the company “focus on 2020 with renewed ambition.”

“The new plant incorporates the best-available technology, putting maximum priority on energy efficiency and environmental protection, with cement production under the ‘Alion’ brand name, a new product destined for the Colombian market,” according to the company.

The plant has enabled the creation of 120 direct jobs along with 180 indirect Jobs, according to the company.

The new plant also represents continued internationalization of Cementos Molins, which now operates 11 cement plants in Spain, Argentina, Colombia, Mexico, Uruguay, Bangladesh, Tunisia and Bolivia, according the company.

Simultaneous to the announcement of the plant start-up, Cementos Molins reported a 10% year-on-year rise in third quarter (3Q) 2019 net income, hitting €70 million (US$78 million).

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