Cemento Polpaico investment plans
Chile’s Cemento Polpaico plans on investing US$15m this year, local paper La Segunda quoted Polpaico’s general manager, Óscar Parada as saying.
A total of US$8m will be invested in the company’s cement division, while US$7m will be invested in pre-mixed concrete, said Parada, adding that this will allow the company to maintain its 34% market share.
Although the year kicked off with a slow start, company executives predict an 8.5% growth rate in the construction industry, with cement sales expanding 4%, said company president Juan Antonio Guzmán. Published under Cement News
