Votorantim plans more investment

Votorantim plans more investment
Published: 13 January 2005

Votorantim Cimentos, intends to increase investments by 60 per cent to US$220m, planning to construct two new plants in Brazil and increase production in five plants from the North American subsidiary. Votorantim owns a 40 per cent market share in Brazil.
US$140m  of funding out of the company’s budget may be invested in the construction of plants in the Northeast and Center-West regions, increasing capacity by 2Mt until 2007 over 25Mt. Further US$80m will be injected in North American division, which generates 25 per cent of Votorantim Cimentos’ income, of R$4.8bn, or US$1.78bn.