July 2002
Acquisition of Mexican lime producer Calteco

We are pleased to announce the completion of the acquisition of the Mexican lime producer Calteco, by our Mexican Joint Venture Grupo Calider. 

Calteco is one of the main producers of hydrated lime for construction, and the leader in lime for industrial applications in the Western region of Mexico. This region represents 20% of the total lime market in Mexico, which is the 7th largest in the world. It is also a major steel producing region. 

Calteco has two production sites and employs approximately 200 people. Its main operation (mineral reserves, kilns and hydration plant) is located in Tecolotlan, 110 Kms south-west of Guadalajara, the second largest city in Mexico with 6 million inhabitants. In addition, there is also a hydration plant near the city of Guadalajara.