Peruvian major cement producer Cementos Lima plans to invest US$120m to expand the capacity of its cement plant in Atocongo, in the metropolitan area of the country’s capital Lima, the company’s CEO, Carlos Ugas
The investment will allow Cementos Lima to reach a production of 5.5Mta.
The project will be launched by the end of October 2006 and will be carried out by the end of 2008.
Peruvian cumulative domestic cement sales rose to 4.3Mt in 2005, up 9.54 per cent YoY.
Cement exports from Peru rose to 675,089t for 2005, up 18 per cent YoY, where the leading exporter was Cementos Lima.