Lafarge looks to invest US$40m in Ventanas

Lafarge looks to invest US$40m in Ventanas
Published: 08 May 2007

The Chilean unit of Lafarge is evaluating the feasibility of building a US$40m milling plant in Ventanas, in central region V, according to local news reports.  
 
Press reports from ’La Tercera’ noted that Lafarge’s subsidiary - which up until last week was called Cemento Melón - is evaluating the economic feasibility of building the 600,000tpa capacity plant. 
 
The decision needs to be made by the beginning of 2008 in order for the plant to start operating by 2009. The company’s environmental impact declaration for the project has already been approved by local environmental authority Conama. 
 
The company is building a US$20m plant in southern Puerto Montt, where it will have a 300,000tpa capacity.  
 
According to the company’s general manager, Xavier Blondot, Lafarge Chile aims to increase sales by three per cent this year from the 168bn pesos (US$323m) reported in 2006.