Votorantim Cimentos invests US$220m

Votorantim Cimentos invests US$220m
Published: 01 February 2005

Votorantim Cimentos is dedicating US$220m investments to improve the logistic area in 2005, US$140m of which will go to Brazil. In 2003, the Brazilian cement manufacturer invested R$400m. Votorantim Cimentos believes that income may have reached R$4.8bn in 2004. Meanwhile it is inaugurating a new distribution center in Pernambuco state and is constructing a further unit in Salvador (Bahia state), investing R$6.5m in both enterprises. Last year, the company invested R$2.7m in the Cimesa unit, as well as in the Paraiba facilities.