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Spaniards pour $105 million into Cuban cement venture.(Las Pailas de Cemento S.A.'s joint venture with Cemvid to form Cementos Cienfuegos S.A.)

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From: CubaNews
Date: 20040401
Author:Luxner, Larry

Cuba's ruling Marxists are finally distancing themselves from their hero, Karl Marx--even going so far as to remove his venerated name from one of the island's largest cement plants.

The once-aging, inefficient factory along Cuba's south central coast is now known as Cementos Cienfuegos S.A., after the joint venture which is 50% owned by Cemvid, a unit of Cuba's Ministry of Basic Industry, and 50% by Las Pailas de Cemento S.A., a Spanish company controlled by a private investment bank.

Bruno Aerne is president and general manager of Cementos Cienfuegos.

In a recent ...

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