Votorantim in R$1.7bn investments spree

Votorantim in R$1.7bn investments spree
Published: 10 August 2007

Votorantim Cimentos announced plans to set up eight new cement manufacturing units in Brazil, the resumption of a defunct plant at Goias and the modernisation and expansion of other two plants. It would also set up five plants of plaster. The overall investments over the next three years are estimated at R$1.7bn, says Walter Schalka, pointing the national cement demand has reached a new upward cycle in 2005 and should have a sustained 6% - 8% annual growth over the next five years. Votorantim is also diversifying location with plants at Xambioa (Tocantins) and a mill at Barcarena (Para); in the Northeast region a cement plant in Rio Grande do Norte and two mills at Pecem (Ceara) and Aratu (Bahia); in Southern Brazil a cement unit is planned for Vidal Ramos and a a mill at Imbituba (Santa Catarina); the Nobres (Mato Grosso) plant is to expand by 330,000t. By 2010 Votorantim is to add 8Mta of cement to the current 25Mta capacity.