Government launches INC audit consultancy

Government launches INC audit consultancy
Published: 04 March 2005

The central public investment unit of Paraguay’s finance ministry has launched bidding for a consultancy to audit state cement company Industria Nacional del Cemento (INC), the unit said. 

Specifically, the consultancy entails auditing the INC’s accounting records and management, with offers due March 30. 

The government plans to restructure and strengthen the state company, as well as increase the transparency of its administration, BNamericas reported previously. 

The INC is Paraguay’s sole cement producer and has installed capacity of some 675,000tpa.  This year the company plans to invest US$15m to optimise and increase production, while more ambitious plans for the future call for the construction of a new 1.2Mt clinker production line that would cost US$80m and assure cement production for 20 years.