Loma Negra Compania Industrial Argentina Sociedad Anonima ADR Dossier
Qualitative Analysis
Business overview
Loma Negra Compañía Industrial Argentina Sociedad Anónima is Argentina's leading manufacturer and distributor of cement, masonry cement, lime, concrete, and aggregates. Founded in 1926, the company operates a vertically integrated business model supported by strategic limestone quarries, ready-mix concrete facilities, and a dedicated railroad network (Ferrosur Roca) that facilitates efficient raw material and product distribution across the country. Loma Negra serves wholesale distributors, concrete producers, and industrial customers under prominent brands such as Loma Negra, Plasticor, Cacique Max, Loma Negra Plus, and Lomax.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Increasing the share of renewable energy in the company's power mix to reduce energy costs and enhance environmental sustainability.
Expected impact: Successfully reached a milestone where 61% of the company's energy is sourced from renewables, lowering operating costs and aligning with global ESG standards.
Implementing strict cost-control measures, optimizing the product mix, and streamlining logistics to protect operating margins against high inflation.
Expected impact: Contributed to a 94 basis point year-over-year expansion in adjusted EBITDA margin to 24.9% in Q1 2026.
Investment in a new, state-of-the-art cement plant in Pocito, San Juan province, to expand regional production capacity.
Expected impact: Will add 1 million tons per annum (Mta) of cement production capacity, strengthening Loma Negra's nationwide footprint.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
The consortium injected US$110 million into InterCement (which holds a 52% direct controlling stake in Loma Negra) as part of a court-approved judicial reorganization. This transition returns indirect control of Loma Negra to Argentine-led ownership, with Marcelo Mindlin appointed as President of Loma Negra, ensuring operational continuity and financial stabilization.
Terms: US$110 million injection into parent company InterCement; consortium members hold approximately 39% (LATCEM), 27% (Redwood), and 24% (Moneda) of InterCement.