Minetti invests US$35m in a cement mill, Argentina

Minetti invests US$35m in a cement mill, Argentina
20 September 2010

The recovery of the Argentine cement industry to the same levels reached in 1998, has spurred the investment of new cement mill at Minetti’s plant in Mendoza. The work has already started and it is expected that the brand-new mill, which envisages an investment of between US$30-35m, begins to produce during the first months of 2011.

The news was announced last week on the anniversary of the Fundación Mediterránnea (Mediterranean Foundation), Cordoba, by Demetrio Brusco, Director of Institutional Relations of the cement company with Cordoba origins with a national presence.

"This will give greater milling capacity to Mendoza and will relieve the Cuyo market, for now, and in part, is also being served from Córdoba" he said. 

Thus, investment in our province will remove pressure on plants in the Midwest and will provide easy access to the surrounding provinces. Thus, the production capacity and cement grinding plant is in Mendoza, is extended to about 40%. 

This year, according to Brusco, the national cement industry will get to despatch 10Mt, implying a significant recovery since 2002. 

Therefore, around 3Mt were dispatched. "The industry had to make a big adjustment effort, and even plants were closed. After almost seven years, we had to re-open to avoid bottlenecks, " said the Minetti institutional spokesperson in Cordoba.
Published under Cement News