UCEM S . A .

C

. E . M . ( National Cement Union ), known today as UCEM S . A ., resulted from the merger between the 86 % stake of Chimborazo cement and Industrias Guapán in its entirety . Two years later , in September 2015 , UCEM was acquired by Grupo Gloria , a Peruvian corporation which also owns Yura and SOBOCE , cement companies from Peru and Bolivia , respectively .

UCEM is certified by domestic regulations such as INEN 490:2011 and also complies with ISO 9001:2008 global standards , among others .

UCEM operates production plants in two sites . One of them is the plant that has always produced Guapán cement , in Azogues , near the city of Cuenca ; and the second is the Chimborazo plant , located in Riobamba . Both facilities have been subject to important investments to update production procedures with the aim of witnessing improvements in productivity and profitability .

“ Chimborazo is strategically located in the middle of Ecuador , catering to a very large market ,” explains Roberto Foulkes , CEO of UCEM .

Foulkes , originally from Peru , is a lawyer with an MBA . He attended high-profile colleges in Peru and abroad . For the past eight years , Foulkes has worked for different Grupo Gloria business units in high management positions . Before joining the group , Foulkes held managerial positions for

132 April 2018