Brazil: Votorantim Cimentos has announced the conclusion of its acquisition of a mortar production unit from Supermassa. The plant, located in Ananindeua, Belem, in the state of Para, has capacity of 0.15Mt/yr. Votorantim Cimentos notes that the total investment, including the acquisition, modernisation of technology, installation of automation and other improvements, will total US$4.3m.
The acquisition is part of the company's growth and geographical diversification strategy. The purchase is the company's 11th mortar production unit, and brings its mortar production capacity up to 2.5Mt/yr.
