Cementos Otorongo to start new plant construction in April, Peru

Cementos Otorongo to start new plant construction in April, Peru
Published: 15 January 2008

Peruvian firm Cementos Otorongo, controlled by Cimpor, will begin construction of a cement plant in Matarani, in Arequipa department in April, according to production minister Rafael Rey. 
 
Cimpor announced the US$125mn investment for the plant’s construction in November 2007. The facility will produce 650,000t of cement annually, equivalent to 10% of national consumption.  
 
Initially the firm will only sell to the domestic market, but expects to export in the future.  
 
The company plans to build a second plant in Lima, projected to begin operations in 2010, state news agency Andina reported.