Professionals and students were honored with the Corona Pro Habitat Award.

2018-08-28T22:01:35+00:00 August 3rd, 2018|Colombia|

Agosto 03 - 2018 Treinta y dos propuestas arquitectónicas de Antioquia, Boyacá, Córdoba, Cundinamarca, Quindío, Meta, Tolima, Sincelejo, Santander y Valle del Cauca, se presentaron al Premio Corona Pro Hábitat 2018, que esta semana dio a conocer a los ganadores. En esta edición, se hicieron reconocimientos en la categoría profesional, con aportes de vivienda social sostenible para Sincelejo (Sucre), y en la estudiantil, con propuestas de vivienda social urbana a través del desarrollo progresivo. En la categoría profesional, Bio-Casa fue la obra que se llevó el primer puesto. Es una iniciativa de los arquitectos Carlos Alberto Hernández y Alberto José Aranda, y de los ingenieros José Fernando Cardona y Andrés Mauricio García, cuyo valor constructivo es de máximo 50 millones de pesos. En el segundo caso, el primer lugar lo ocuparon los estudiantes Juan Camilo Valencia, Luis Fernando Chávez y Daniel Trujillo Echeverri de la [...]

Victoria Capital Partners was awarded the 2018 Social Responsibility PE Deal for its investment in Corona Industrial

2018-04-26T14:07:44+00:00 March 20th, 2018|Colombia|

On March 20, 2018 the Latin American Private Equity & Venture Capital Association (LAVCA) announced the winners of the 2018 Latin American Private Equity Awards. A panel of institutional investors selected Victoria Capital Partners as the winner of the 2018 Social Responsibility PE Deal Award for its investment in building materials company Corona Industrial. Corona Industrial is a leading building materials company in Latin America, with over 125 years in operation. It manufactures, distributes and markets plumbing products, tiles, paints, plasters, adhesives and other building materials. The company dominates the home building and refurbishment space in Colombia. In addition to its strong market share in Colombia, it has been successful in implementing its expansion strategy through the region. With 29 manufacturing facilities, Corona has a workforce of over 7,800 direct employees across Colombia, Brazil, Central America, Mexico and the United States. In addition to manufacturing, Corona markets [...]

Corona toma el 51 % de la propiedad de Agromil

2018-07-23T23:57:50+00:00 October 20th, 2017|Colombia|

October 20 - 2017  La Organización Corona, a través de su filial Suministros de Colombia (Sumicol), adquirió el control de Agromil una empresa tolimense del sector agroindustrial dedicada a la producción de fertilizantes. En un comunicado, Alexis Bonnett, vicepresidente de la División de Insumos Industriales y Energía de Corona, señaló que “Agromil es una empresa líder en el desarrollo de productos para la fertilización avanzada de cultivos y en Corona nos entusiasma poder poner a su servicio nuestro conocimiento de minerales no metálicos en beneficio del sector agroindustrial”. Sin revelar el monto de la transacción, ni los planes inmediatos para integrar a Agromil al conglomerado empresarial, se indicó que desde hace más de una década esta firma produce y comercializa productos a base de derivados del potasio, principalmente. Aunque este diario intentó contactar telefónicamente a los directivos de Agromil, sus subalternos negaron que la operación se [...]

Corona acquires controlling interest in the operations of Agromil

2018-07-23T23:57:24+00:00 October 19th, 2017|Colombia|

October 19 - 2017 Bogota, October 19, 2017. Corona, a Colombian multinational specialized in manufacturing and marketing household, construction, industrial and energy products, through its affiliate Sumicol, acquired 51% of Agromil, a Colombian company dedicated to the production and marketing of mineral-based products for the agroindustry sector, having met the applicable legal requirements. “Agromil is a leading company in the development of products for the advanced fertilization of crops and in Corona we look forward to put at its disposal our knowledge about nonmetallic minerals in favor of the agroindustry sector”. Said Alexis Bonnett, Vice-president of Corona’s Industrial Supplies and Energy Division. Since more than one decade ago, Agromil has been producing and marketing mineral-based products for clients of the agroindustry sector which allow them ton achieve higher profitability and productivity levels in their crops and generate jobs within a sustainable environment. “We are very happy with [...]

The 30 Colombian companies with the best goodwill

2018-07-24T00:40:17+00:00 September 24th, 2017|Colombia|

September 24 - 2017 Goodwill began to be used as a financial and accounting term, equivalent to extra value or overprice, number of times the book value for which a corporation, a project, a brand or an idea could be sold. In Colombia, 2WAY is the goodwill consulting firm which classifies the companies depending on six pillars that they have established to determine how well positioned these are in the ranking designed by them. “In this sense and in order to be more objective and accurate, we designed an innovative scheme which breaks down the six great dimensions that make up this important asset: strength and trajectory, value proposition, talent and wellbeing, corporate social responsibility (CSR) and sustainability, innovation and leadership and ethics and transparency”, explained Jose Maria De Guzman, senior partner of 2WAY. “Each one of these dimensions represents one or more axes of [...]

Corona divides leadership to respond to the challenges of its industry

2018-07-24T00:45:10+00:00 August 24th, 2017|Colombia|

August 24 - 2017 For six years, the Corona Organization, one of the most important conglomerates of the country, had been planning a succession in the leadership of the division in charge of its iconic household and construction products. Yesterday they finally announced that Carlos Enrique Moreno will continue as President of the holding, but he won’t be the head of Corona Industrial anymore, where he will be succeeded by Jaime Alberto Angel from October. Corona Industrial is made up by four business divisions: bathrooms and kitchens; surfaces, materials and paints; industrial supplies and energy management; and the fourth one is tableware. But, there are also the Corona Stores and a commercial division. In this moment, they are investing 400 million dollars in a cement plant. The Corona Organization, for its part, is its parent company, as well as of Sodimac Colombia and it holds [...]

Carlos Enrique Moreno continues as president of the Corona Organization and Jaime Alberto Angel takes on the presidency of Corona Industrial

2018-04-24T20:18:09+00:00 August 24th, 2017|Colombia|

August 24 - 2017 After more than six years as the president of the Corona Organization and Corona Industrial, Carlos Enrique Moreno Mejia resigns from the latter and continues as President of the Corona Organization, parent company of Corona Industrial and Sodimac Colombia and owner of its share in Falabella de Colombia and Banco Falabella. - Following a structured process of succession inside Corona Industrial, its Board of Directors has decided to appoint as the new President of the company, effective from October, Jaime Alberto Angel Mejia, current Vice-president of the Industrial Supplies and Energy Division of Corona Industrial. - the performance report of Carlos Enrique Moreno includes the expansion and diversification of the company, an important commitment to the productive transformation of the operations, the development of human talent, the consolidation of a culture of innovation in processes and products, working for the protection of the [...]

Victoria Capital Partners announces significant growth capital investment in Oncólogos del Occidente

2018-04-24T20:21:54+00:00 June 26th, 2017|Colombia|

June 26 - 2017 V Victoria Capital Partners (“VCP”) announced today a significant growth capital investment in Oncólogos del Occidente (“ODO”), Colombia’s largest privately-held provider of comprehensive cancer treatment, acquiring a controlling stake in ODO. As part of the transaction, Victoria also made a capital injection in ODO that will be used to support and accelerate ODO’s continued growth in Colombia through the development of three new integrated cancer treatment centers. This capital injection will be used to strengthen the capital structure of the company and support its current growth plan, aiming at doubling its size over the next four years. Simultaneously, VCP acquired a block of additional shares from the ODO shareholders. As a result, Victoria will be ODO’s controlling shareholder, with the founders continuing as minority shareholders focused on serving patients. Specific terms of the transaction were not disclosed. Ricardo Vazquez, Partner of VCP in [...]

La planta de cemento que tendrá Corona

2018-04-24T20:36:12+00:00 January 11th, 2017|Colombia|

January 11 - 2017 La compañía, reconocida por el negocio de sanitarios, comenzó la edificación de su nuevo negocio, con el que espera atender la construcción de la infraestructura de cuarta generación o 4G. Jaime Ángel, gerente de Suministros de Colombia (Sumicol), empresa del Grupo Corona, la organización que tiene más de 14.000 empleados y 29 plantas –19 de ellas en Colombia, tres en Estados Unidos, tres en Centroamérica, tres en México y una en Bras il–, cuenta los detalles del inicio de la obra de la planta de cemento, el nuevo negocio, en la que se invertirán US$400 millones y con la que se planea elevar esos $6 billones en ingresos consolidados que obtiene el grupo empresarial. ¿Ya comenzó la construcción de la planta de cemento? Hicimos una alianza con el Grupo Mollins, de España, para entrar en el negocio del cemento en Colombia, [...]

Corona and Cementos Molins

2018-04-24T20:48:05+00:00 January 6th, 2016|Colombia|

January 6, 2016 On Sept. 2015 Corona signed an agreement with Cementos Molins ("CM", http://www.cemolins.es/), a Spanish-based international player in cement with leading presence in Latam, to jointly develop the cement production and commercialization business in Colombia. The company and Victoria believe this is a great opportunity to enter into a new business line that is totally complementary to Corona's building materials portfolio. It also provides the opportunity to capitalize from its approx. 100 years' worth of limestone reserves (limestone serves as raw material for cement production), as well as from Corona's know-how for mining their limestone queries and their current vast distribution network in Colombia. This initiative will be executed via a 50%-50% JV with CM and includes the construction of a plant with a capacity of 1.4 million tons per year with a total investment of approx. USD 370 mm, located 160km northwest of Bogota [...]