Mexican Cement Group Buys Stake In Bolivian Producer

Mexican cement producer Grupo Cementos de Chihuahua (GCC) has bought a 46.57% stake in Sociedad Boliviana de Cementos (SOBOCE) in a deal worth $58.2 million. This is GCC’s first investment in Bolivia. SOBOCE has an annual production capacity of 870,000 tonnes of cement.