Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) is the largest cement manufacturer in Argentina, having been at the forefront of the industry for more than 90 years. LOMA was founded in 1926 by Alfredo Fortabat, with a vision to contribute to the construction and development of Argentina. Over the decades, this industrial giant has evolved into a premier provider of, not just cement, but also concrete and aggregates.
Based in Buenos Aires, LOMA operates 9 manufacturing plants spread strategically across the country. These facilities can produce more than 8.5 million tons of cement annually. Maintaining such a massive portfolio, LOMA plays a critical role in Argentina's infrastructure development, participating in both the public and private sector projects including highways, public buildings, and housing.
LOMA has consistently exhibited commitment to sustainable practices – it is one of the first companies in South America to replace traditional fuels with waste-derived fuels in its pyroprocessing operations. Such initiatives not only reduce the company’s carbon footprint, but also contribute to waste management and energy recovery.
One unique thing about LOMA is its exceptional commitment to people and the environment, which extends beyond just corporate social responsibility. It implements a comprehensive Occupational Health and Safety (OHS) policy to ensure employee wellbeing. Moreover, it also proactively participates in community interactions, supporting cultural, educational and sports activities, thus cementing its social bond with the Argentinian population.
In terms of its financial stance, LOMA, publicly traded on both Buenos Aires Stock Exchange and New York Stock Exchange (NYSE:LOMA) consistently reports strong performances, thanks to robust local demand, specialized products, and strategic price increases. Despite being affected by fluctuations in the Argentina economy, its competitiveness has ensured resilience in the market.
Overall, Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) is not just a leading cement manufacturer but a significant player in Argentina’s growth and development story. Its people-centric, sustainable and resilient business model serves as a robust foundation for its consistent growth, reinforcing its position at the helm of Argentina’s construction industry.