Bolivia: Itacamba Cement intends to build a 0.85Mt/yr cement plant costing US$180m at Yacuses near Puerto Suarez, Santa Cruz. According to Bolivian local media, the project will start once President Evo Morales approves state-owned oil company Yacimientos Petrolíferos Fiscales Bolivianos to install a gas line. Itacamba intends the new cement plant to reduce its reliance on imported clinker from Brazil.
Currently based in the Santa Cruz region of Bolivia and established in 1991, Itacamba operates a cement grinding plant. It is majority owned by Votorantim (66%) and other entities including Bolivia's Tumpar Group. The new plant is expected to create 540 jobs when it is opened.