Grupo Gloria to spend US$217m on Yura upgrade

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Peru: Peruvian industrial conglomerate Grupo Gloria plans to invest US$217m towards upgrading production at its Yura cement plant near Arequipa. The plant currently has a cement production capacity of 3.5Mt/yr and the upgrade is expected to double production by 2016.

The project will include the installation of a new clinker line with a capacity of over 4500t/day, a new cement mill and bagging, pallet and loading equipment. The work will create more than 3000 direct jobs and over 9000 indirect ones.

Construction is set to start in 2013 with the mill complete by mid-2014 and the new clinker line ready by the end of 2016. Grupo Gloria is targeting the additional cement capacity at the south of Peru and Bolivia.

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