Peruvian investment group Grupo Gloria plans to invest US$114m in the expansion of its cement plants in the Arequipa and Puno departments, local paper Gestión reported.
Grupo Gloria will invest US$100m in increasing clincker production at the Yura plant, in Arequipa, from this year’s estimated 500,000t to 1.7Mt in 2009, said the group’s general manager José Antonio Noriega.
The upgrade will allow the group to produce sufficient cement to supply market demand over the next 10 years.
Grupo Gloria will invest another US$14m at its Cemento Sur plant, located in Puno. The funds will finance the purchase of new kiln and mills for clinker production.