Corona and Cementos Molins Sign an Agreement with OHL to Build a $238 Million Cement Plant in Colombia


Garrigues and Baker McKenzie have advised on the transaction

OHL Industrial S.L. and OHL Industrial Colombia S.A.S. have signed an EPC agreement with the multinational Colombian firm, Corona, and the Spanish cement group, Cementos Molins (via its subsidiary in Colombia, ECOCEMENTOS S.A.S.), to build a new cement plant near Sonsón (Colombia). The contractors are a division of the OHL Group that is specialised in the engineering and construction of large-scale industrial facilities through this type of contracting.

The deal, amounting to EUR 238 million, was closed on 20 October 2016 and just recently made public. The new plant will have a productive capacity of 1,350,000 tonnes of cement per year and is expected to be operational in mid 2019. It is calculated that its construction will generate around 800 jobs, then 220 direct jobs and 250 indirect jobs once it is operating.

Garrigues has advised Corona and Cementos Molins with José Miguel Pinillos (Picture), Omar Andrés Martínez, Camilo Zarama, César Cermeño and Francisco Noguera.

Baker McKenzie has advised OHL Industrial S.L. and OHL Industrial Colombia S.A.S. with Miguel Huarte, Alejandro Mesa, Elena Aguilar, Rocío Varela, Felipe Correa and César Pion.

Involved fees earner: José Miguel Pinillos Lorenzana – Garrigues; Omar Andrés Martínez – Garrigues; Francisco Noguera – Garrigues; Camilo Zarama Martínez – Garrigues; César Cermeño – Garrigues; Miguel Huarte – Baker & McKenzie; Alejandro C. Mesa-Neira – Baker & McKenzie; Elena Aguilar Alonso – Baker & McKenzie; Felipe Correa Rozo – Baker & McKenzie; César Pion Botero – Baker & McKenzie;

Law Firms: Garrigues; Baker & McKenzie;

Clients: Organización Corona S.A.; Cementos Molins SA; OHL Industrial S.L.; OHL Industrial Colombia S.A.S.;

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