Camargo Correa invests R$4bn in cement, Brazil

Camargo Correa invests R$4bn in cement, Brazil
Published: 14 January 2008

Camargo Correa Cimentos has announced plans to invest R$4bn over the next five years to increase its cement capacity in Brazil and abroad to 20.5Mta, and by 2012 to be rating among the top 20 cement players.

Chairman Jose Edison Barros Franco comments the resumption of the Caue kiln, a R$20m investment at Pedro Leopoldo (Minas Gerais), is part of this strategic goal.

From the scheduled investments R$650m are earmarked to Brazil and most of it abroad - in Argentina where it runs Loma Negra while several plants are planned in African countries. Caue is to expand capacity in four plants including Apiai (Sao Paulo), Bodoquema (Mato Grosso do Sul) and Ijaci (Minas Gerais); other two cement plants are being designed. The next step is investing R$80m at Apiai adding a 1Mta capacity.