Ecuador investment plans

Ecuador investment plans
Published: 21 May 2007

 
Ecuador investment plans
The Ecuador Development Corporation (CAF) has recently approved a US$40 million loan to cement manufacturing company Lafarge Cementos (former Cementos Selva Alegre). By this means, Lafarge will implement its Llama project in Ecuador that is aimed at doubling the production capacity of the Otavalo-based plant from 800,000tpa to 1.6Mta. In 2006, Lafarge posted sales of US$75 million and for this year it sees US$80 million.