Cemento Melón plans investment for 2006

Cemento Melón plans investment for 2006
Published: 29 November 2005

Chilean cement company Cemento Melón, which is owned by Lafarge,has plans to invest some US$12m in 2006, newspaper La Segunda quoted the company’s finance director Joao Pereira as saying. From the total amount, US$10m would be invested in maintenance and optimizing the company’s current installations. The remaining US$2m will be spent on building a cement milling plant at Region X city Puerto Montt.

The plant’s environmental impact study has already been approved by regional environmental commission Corema, newspaper Estrategia quoted Cemento Melón board secretary Rafael Enos as saying. The plant will require a total US$20m investment through 2007 and would increase cement production by 300,000tpa.