Businessman Marcelo Mindlin, from LATCEM, will chair the Board of Directors of Loma Negra, the leading cement company in the local market, following the successful completion of the judicial restructuring process of InterCement, the Brazilian holding company that indirectly controls Loma Negra. Sergio Faifman will continue as CEO and Board member.
By Panorama Minero
In a symbolic moment, as Loma Negra celebrates 100 years of uninterrupted activity this year, the company introduced its new shareholding structure, which includes Latcem LLC, led by Marcelo Mindlin—also president of Pampa Energía—Redwood Capital Management, and funds managed by Moneda-Patria Investments. Approximately US$110 million was injected into the company’s capital.
The restructuring of InterCement, carried out in São Paulo, triggered the reorganization. The holding’s debt restructuring plan, which began in 2024, concluded with results the company described as successful, leaving a financial roadmap with all debt rescheduled through 2031. According to the company, this clearer horizon serves as the starting point for long-term growth.
Mindlin now takes the helm of the country’s main cement supplier, a strategic input for the construction of mining infrastructure, processing plants, access roads to deposits, and civil works associated with extractive development.
According to Loma Negra, the capital contribution from the new shareholders will be used to accelerate investment plans, maintenance, and operational efficiency. While no specific projects were detailed, the emphasis on these areas suggests a strategy focused on asset modernization and improving operating margins in a market experiencing a recovery in construction and mining activity nationwide.
Amid the changes in ownership, the company confirmed continuity in executive management, with Sergio D. Faifman remaining as CEO and Board member—a signal aimed at providing stability to clients, suppliers, and the broader market. “These 100 years of history have shown us that Loma’s greatest value is its people. Our commitment to safety, operational excellence, and customer service remains our top priority,” Faifman stated in the company’s official communication.
Marcelo Mindlin, of Pampa Energía, assumes leadership of Loma Negra’s Board of Directors.
Loma Negra also reported that it continues to operate normally, with “safety, operational excellence, and customer service as absolute management priorities.” In this context, the new Board chaired by Mindlin will initially focus on strengthening market confidence in a company that operates plants across the country and supplies sectors ranging from residential construction and public works to mining and industry.
The restructuring undertaken by InterCement Participações included the issuance of 1.286 billion new shares subscribed by creditors who opted to capitalize part of the debt. As a result, Latcem LLC (Mindlin) now holds 38.7%, Redwood Capital Management 26.7%, Moneda-Patria 24%, and Cigna Health and Life Insurance Company 4.9%, with the remainder distributed among smaller shareholders. In Loma Negra, InterCement Trading e Inversiones Argentina S.L. retains 52.14% of voting shares.
“After many years of financial stress, including a complex judicial restructuring process, the company now has a solid capital structure that will allow it to focus on growth. This process marks a turning point for InterCement and enables it to enter a new phase with a long-term growth vision,” said Mindlin.
