Brazil: Camargo Correa Cimentos goes public

The Brazilian cement manufacturer Camargo Correa Cimentos - fourth largest of Brazil - is to expand activities through the capital market. The company is to go public through a debentures issuance - the resources would be used to support its expansion program. Camargo Correa Cimentos turned over R$936.6m in 2003 - 12% of Grupo Camargo Correa gross earning, of R$7.4bil. The company, owner of Caue brand, holds 8.5% of the Brazilian Portland cement market and is the main manufacturer of white cement.