Ricardo Lima, director general of Argentine cement producer Loma Negra, announced that since July 2005 (when it was acquired by Brazilian group, Camargo Corrêa) up to June 2010, it has invested in raising capacity from 3.6Mt to 5.2Mt. This represents an increase of more than 40%.
Camargo Corrêa’s arrival in 2005 enabled the launch of a major investment plan that allowed Loma Negra reopen a plant in the town of Barker (not operational at the time) install new cement mills in factories at L’Amalia and Catamarca install new filters in Barker and Olavarria, and expand production capacity and reduce GHG emissions.
In just five years more than US$ 180m has been invested towards improving environmental measures, increasing production capacity and enabling the use of alternative fuels. A further US$125m, from the Inter-American Development Bank (IDB) will be used over the next two improve emissions control, adapt plants to burn waste from other industries and increase waste processing activities.