Cimpor plans to invest US$272m in new Brazilian plant

Cimpor plans to invest US$272m in new Brazilian plant
Published: 10 May 2011

Cimpor plans to invest an estimated US272m in a new cement plant in Cerrado Grande, in the Brazilian state of Parana.

The new plant will have a production capacity of about 1.2Mt of cement, Lisbon-based Cimpor said today in a regulatory filing. Construction work will begin in “early” 2012 and production will start in 2014, according to Cimpor.

“This new cement production plant will allow Cimpor to benefit from the forecast growth of the south and southeast markets of Brazil, as the present units are operating at full capacity,” the company said in the statement.