Sao Paulo, Brazil, 11 July – Portuguese group Cimpor plans to invest 400 million reais in Brazil with a view to consolidating its position in the Brazilian market, in which it is the third-biggest cement manufacturer, newspaper Valor Económico reported in Sao Paulo.
By 2011, the Brazilian subsidiary of the group plans to considerably increase the productivity of the furnaces of three of its main factories and will reactivate a production line at a fourth unit, as well as making smaller investments in another four factories in the country.
In order to meet increasing demand the company also plans to build two new factories by 2011, one in the Central-West region and another in a state in the South or Southeast.
The two new units, which will have a minimum production capacity of 650,000 tonnes per year each are not included in the investment package4 now being put into place.
According to the company’s Sales director, João Ghira, Cimpor is still studying the size of those factories and the amount of resources to be applied to this new investment.
“We are still analysing the details, but we are certain that we will need these units to meet demand, which will remain strong over the next two to three years,” Ghira said. (macauhub)