Votorantim to invest US$3bn in 2011

Votorantim to invest US$3bn in 2011
Published: 02 March 2011

Brazilian industrial conglomerate Grupo Votorantim plans to invest BRL5bn (US$3bn) in its operations in 2011, the group said Tuesday in a press release.

By comparison, last year the group invested BRL5.8bn.

In 2010, Grupo Votorantim posted a net profit of BRL4.9bn, up from BRL4.7bn in 2009. Net revenue was up slightly, to BRL29.5bn from BRL29.2bn.

Family-owned Grupo Votorantim has operations in cement and concrete, mining and metallurgy, pulp and paper, concentrated orange juice, chemicals, electric power, and finance.