Unacem plans to invest US$58m in 2015

Unacem plans to invest US$58m in 2015
09 September 2014

Peru's Unacem intends to invest US$58m in its Atocongo and Condorcocho works next year. The projects focus on the development of the Carpapata III hydropower plant, the cement mill and packing area (Condorcocha) as well as  capacity expansions and other investments in fixed assets.

This year, investments in its subsidiaries total US$545m as it signed a deal with Lafarge to acquire the latter's Ecuadorian cement subsidiary in June. Lafarge sales in the country are expected to reach US$190m.

From 2016, Unacem expects to turn over US$200m in Ecuador, increasing to US$256m in 2020. At present, Lafarge has a 22 per cent market share in the country.

Published under Cement News