Polpaico announces BoD Members

Polpaico announces BoD Members
18 April 2006

Chilean cement producer Cementos Polpaico, a subsidiary of Swiss group Holcim, announced on April 13, 2006, the members of its board of directors (BoD).  Polpaico’s BoD consists of Juan Antonio Guzman, Gabriel del Real, Luis Aspillaga Urenda, Oscar Parada Salinas, Matias Perez Cruz, Francisco Silva Silva, Sergio Orrego Flory and Eduardo Kretschmer Castaneda. 
Polpaico’s president, Juan Antonio Guzman, also announced details on the company’s investment plan for 2006, encouraged by the rising domestic demand. Polpaico plans to direct US$8.0m to increase its readymix production by 100,000 cu m, US$6.0m to optimise the energy consumption of its plant Cerro Blanco and US$3.0mfor environmental improvements of its facilities. 
In 2005, the company, Polpaico 54.3 per cent owned by Holcim and 40.9 per cent by Chilean natural gas distributor Gasco, registered a decrease of 5.2 per cent year-on-year in its profit, falling to 14.623 bln Chilean pesos ($27.8m), due to the rising energy costs. 
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