Loma Negra Companía Industrial Argentina S.A. is an Argentine manufacturer and the country's leading maker of cement, concrete, and lime.
Loma Negra enhanced its market leadership position in its industry locally by acquiring the newly privatized Ferrosur Roca railway line and a chief competitor, Cementos San Martín S.A., in 1992; that year Fortabat inaugurated the group's new headquarters in downtown Buenos Aires.
The acquisition of five concrete producers in 1998-99 made Loma Negra the national leader in that construction staple, as well, and a plant opened in 2001 gave it a 1.6 million-ton production capacity of clinker for Portland cement.
[3] Debts of US$270 million incurred largely during the economic crisis around 2001 and Mrs. Fortabat's own, advanced age prompted the grande dame of Argentine industry to sell her 80% stake in Loma Negra, however.
[6] Despite a modest decline in local construction activity since 2008 as a result of global financial instability, a US$235 million, five-year program to expand capacity by 20% was announced in November.