Brazilians to invest in Paraguay cement

Brazilians to invest in Paraguay cement
Published: 06 June 2005

A group of Brazilian entrepreneurs, representatives of Brazilian cement maker Camargo Correa Cimentos and the local diversified holding company Votorantim, will invest between $15m and $17m in the construction of a new grinding mill near the Paraguayan capital of Asuncion.  The plant will start operating at the end of 2006. It will have an annual production capacity of 200,000t. The plant will be built in Mariano Roque Alonso, which is 15km away from Asuncion. 

The Brazilian entrepreneurs met with Paraguayan President, Nicanor Duarte, to announce the concession to Paraguayan cement company Concret Mix SA of the first phase of the construction of a clinker mill for the future plant.  The project will create 180 direct jobs in Paraguay, Camargo said. The raw materials for the plant will be provided by Paraguayan state-owned cement company INC.