On 23 June Votorantim Cimentos inaugurated a new cement plant in northern Brazil, in the state of Para. The company invested R$860 million in the plant, located in the town of Primavera, and it was built using the latest technology and following the company’s Sustainability Principles.
The plant will have a production capacity of 1.2 million tpy of cement, and will serve the North and Northeast regions of Brazil.
“This plant in Primavera is part of Votorantim Cimentos’ major investment plan. Despite the challenging situation in Brazil, we are moving forward with our long-term vision and our confidence in the development of the country,” explains Walter Dissinger, Votorantim Cimentos’ CEO.
The new operation is part of the company’s expansion plan, which will increase its global capacity to approximately 59 million tpy by the end of 2018, in line with the company’s plan of geographic diversification. This expansion plan adds R$12 billion to investments made between 2007 and 2015, which resulted un a 94% increase in global production capacity.
The investment plan through 2018 also includes expansions in the US, Turkey and Bolivia, which will increase the installed capacity and reinforce the plan of geographical diversification.
The company is also expanding in the San Luis region of Argentina, although its holdings there are not consolidated in its overall financial results and production capacity figures.
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/the-americas/24062016/votorantim-cimentos-inaugurates-plant-328/