Votorantim in new Uruguay cement plant venture

Votorantim in new Uruguay cement plant venture
Published: 12 August 2011

Votorantim Cimentos has reached an agreement in partnership with Uruguay state-run ANCAP for the construction of a 0.75Mta cement plant. The facility involves an investment of US$146m and is to be built in the district of Treinta y Tres, 286km from the Uruguay capital Montevideo. The new greenfield plant is scheduled for completion in 2014.

  
"Uruguay is a country with deposits of high quality and a strategic location. With this development, the country becomes an exporter of cement to the south of Brazil, mainly to Rio Grande do Sul, "says Walter Schalka, president of Votorantim Cement. He said the proximity of the new plant in the southern states of Brazil will contribute to its supply, reinforcing the company’s commitment to provide the product in all regions of the country