After months of negotiations, Marcelo Mindlin has become the new top executive of the country's largest cement company. According to what Argentina News Agency learned, the company created in the province of Buenos Aires by the Fortabat family and one of the most renowned in the country, was sold in 2005 to the important Brazilian holding InterCement, and today, 21 years later, it once again raises the Argentine flag to the top. In this way, the company Loma Negra begins a new stage after the entry of an investor group led by the Argentine businessman who took over InterCement. And, in this way, as part of the agreement, Mindlin was appointed president of the holding. Loma Negra, the Argentine giant based in Olavarría. The process, approved by the justice of São Paulo, allowed the group to be financially stabilized with a new scheme that includes a 6.75% coupon and no maturities in the next five years. Likewise, a capital contribution of US$ 110 million was made to reinforce the company's operations. In this context, beyond the difficulties of the Brazilian holding, in Argentina Loma Negra remained in a good economic position, without losing market share, thus consolidating its leadership with a 45% market share and an annual production capacity of more than 10 million tons. What did Mindlin say about the new stage of Loma Negra? In this regard, Mindlin highlighted that the new financial structure will allow InterCement to focus on growth and seek to consolidate its regional operation over time. Meanwhile, InterCement positions itself as the third-largest cement producer in Brazil, with a presence in ten states and an installed capacity of more than 16 million tons, thus consolidating a regional group that now adds Argentine capital to its control structure.
