Votorantim Cimentos inaugurates new factory in Brazil
On 23.06.2016, Votorantim Cimentos inaugurated a new cement plant in northern Brazil, in the state of Pará. With estimated investments of R$ 860 million, the factory – located in the town of Primavera – was built using the latest technology and follows the company’s Sustainability Principles.
The plant will have a production capacity of 1.2 million t of cement per year and will serve the North and Northeast regions of Brazil. “This plant in Primavera is part of Votorantim Cimentos’ major investment plan. Despite the challenging situation in Brazil, we are moving forward with our long-term vision and our confidence in the development of the country,” explains Walter Dissinger, Votorantim Cimentos’ CEO.
The new operation is part of the company’s expansion plan, which will increase its global capacity to approximately 59 million t/a by the end of 2018, in line with the company’s plan of geographic diversification. This expansion plan adds to investments of R$ 12 billion made between 2007 and 2015, which resulted in a 94 % increase in global production capacity.
The investment plan through 2018 also includes expansions in the United States (Charlevoix), Turkey (Sivas), and a new operation in Bolivia (Yacuses), which will increase the installed capacity and reinforce the plan of geographical diversification.
The company is also expanding in the San Luis region of Argentina, although our holdings there are not consolidated in our overall financial results and production capacity figures.
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