Corporate history of Loma Negra Compania Industrial Argentina, tracing its founding in 1926 by Alfredo Fortabat, landmark expansions, acquisitions, and its IPO on BYMA and NYSE.
Loma Negra Compania Industrial Argentina is founded by Alfredo Fortabat in Buenos Aires province, beginning operations in the cement industry. #corporate #history
Loma Negra produces its first cement from its plant in Loma Negra, Buenos Aires, marking the start of its core business. #cement #industry
Loma Negra expands its original plant to increase production capacity, responding to growing demand in Argentina's construction sector. #expansion #manufacturing
Loma Negra installs a new rotary kiln, adopting modern technology to improve cement quality and output. #technology #innovation
Loma Negra acquires a second cement plant in Sierras Bayas, significantly boosting its production capacity. #acquisition #growth
Alfredo Fortabat formally assumes the presidency of Loma Negra, leading the company through its early growth phase. #leadership #founder
Loma Negra opens a new cement plant in Olavarría, reinforcing its position as Argentina's leading cement producer. #expansion #cement
Loma Negra achieves annual cement production of one million tons for the first time, a major milestone. #production #milestone
Loma Negra begins producing Portland cement, aligning with global standards and expanding its product range. #innovation #cement
Loma Negra establishes a new plant in Mendoza province, entering the western Argentine market. #geographic #expansion
Loma Negra implements its first automated process control system, improving efficiency and product consistency. #automation #technology
Loma Negra diversifies by entering the ready-mix concrete business, forming a subsidiary. #diversification #concrete
Loma Negra launches an energy efficiency program, converting kilns to use alternative fuels like petcoke. #sustainability #energy
Alfredo Fortabat hands over presidency but remains chairman, transitioning leadership to his son. #leadership #transition
Loma Negra achieves annual production of 2 million tons, solidifying its dominance in Argentina. #production #growth
Alfredo Fortabat passes away, leaving a legacy as the father of Argentine cement industry. #founder #legacy
Loma Negra faces challenges from Argentina's hyperinflation and economic instability, but maintains operations. #crisis #resilience
Loma Negra launches a major modernization plan, investing in new equipment and technology to boost efficiency. #modernization #investment
Loma Negra obtains ISO 9001 certification for quality management, enhancing its reputation. #quality #certification
Loma Negra begins exporting to Uruguay, marking its first international market entry. #international #export
Installation of a new cement mill increases the plant's grinding capacity by 40%. #capacity #expansion
Loma Negra implements an environmental management system, later certified under ISO 14001. #environment #sustainability
The 2001-2002 Argentine crisis hits Loma Negra hard, leading to a temporary drop in sales, but the company recovers. #crisis #recovery
Brazilian conglomerate Camargo Correa acquires Loma Negra for about $1 billion, marking a new era. #acquisition #mergers
Loma Negra integrates into Camargo Correa's cement division, gaining access to Brazilian markets and technology. #integration #synergy
Loma Negra inaugurates a new plant in San Juan province, increasing capacity by 1 million tons/year. #greenfield #expansion
The 2008 crisis reduces demand, but Loma Negra adapts with cost-cutting measures. #crisis #adaptation
Loma Negra reports strong profits as Argentine construction booms, with net income of $150 million. #financial #profit
A new production line at the Loma Negra plant adds 1.5 million tons of annual capacity. #capacity #expansion
Rebranding of cement products under the unified 'Cemento Loma Negra' brand, strengthening market presence. #branding #marketing
Mauricio Salazar is appointed CEO, guiding the company towards an IPO. #leadership #ceo
Loma Negra completes initial public offering on NYSE and BYMA, raising $1.2 billion. #ipo #stockmarket
Loma Negra reaches record annual cement production of 6 million tons, driven by strong demand. #production #record
Loma Negra issues its first sustainability report, highlighting environmental and social initiatives. #sustainability #ESG
Loma Negra maintains operations during the pandemic, implementing safety protocols and supporting communities. #pandemic #resilience
Marcelo Grandi becomes CEO, focusing on growth and efficiency improvements. #leadership #change
Loma Negra acquires cement assets from Holcim Argentina, expanding its market share. #acquisition #growth
Loma Negra continues trading on BYMA, remaining a key player in Argentine capital markets. #stockmarket #argentina
Loma Negra announces investment in carbon capture and alternative fuels to reduce emissions. #innovation #climate
Loma Negra starts planning for its 100th anniversary in 2026, highlighting its longevity. #anniversary #heritage