The new works will have an initial production of around 0.4Mta of cement and is expected to replace a considerable part of cement imports. Currently, Paraguay imports around a third of its 0.9Mt cement demand.
Total cost of the plant is US$150m and the project is also co-financed by Corporación Andina de Fomento.
Cementos Iguazú SA is a joint venture of Brazil’s Votorantim Cimentos Ltda, InterCement Brasil SA and Concret Mix SA.
