Displaying items by tag: Paraguay

Paraguay: President Horacio Cartes met with the head of the country's cement company Industria Nacional del Cemento (INC) and executives from Holcim and KBR Group on 23 October 2014. The meeting was arranged to discuss a new 4000t/day cement production line for INC at its Puerto Vallermi Plant capable of meeting a production rate of 90,000 bags/day. Cartes has also met with executives from Paolini Hnos and Loma Negra. Construction of the new line is intended to start in 2015.

Paraguay: The Paraguayan Congress is set to approve a US$67m loan to state-owned cement producer Industria Nacional del Cemento (INC) to resume investment in its Villeta and Vallemi cement plants. The funding will allow INC to continue its US$25.7m contract with FLSmidth to convert its fuel from fuel oil to coke as well as its US$6.3m contract with Claudius Peters, according to Esmerk news service. Other contracts are with Haver & Boecker, for US$7m to install two bagging facilities, and with Daca to optimise an agricultural lime plant, which is suspended due to legal issues, for US$5.9m. Overall, the investments that will be made with the loan will save INC US$30m/yr.

Portugal: Cimpor intends to invest around US$1.33bn in Latin America by 2017, according to its CEO Ricardo Lima. The main objective of Cimpor is to reinforce its position in Brazil where it already operates in all regions, except in the northern parts of the country, Lima told the Portuguese news agency Lusa.

The Portugal-based cement producer will spend part of the investment building a new cement plant in northern Brazil, at either Belém or Manaus. Due to positive results in the Argentine market another plant is planned for Argentina's western province of San Juan. In October 2013 Cimpor will inaugurate a plant in Paraguay where it holds a 35% share of the market but where it currently sells its surplus Portuguese cement.

Paraguay: Paraguayan officials have asked for Iranian assistance in building a cement plant. The issue was raised during a meeting between Paraguayan Parliament Speaker Victor Bogado and Iran's envoy to the country's capital Asuncion, Hojjatollah Soltani.

At the meeting Bogado noted that although a private sector Paraguayan company owns the Calicia mines, which are sufficient for producing cement for two centuries, his country required Iran's expertise to build a cement production plant. He reminded fellow attendees that at present Paraguay owns several small and medium-size cement production plants, but that it still imports cement from abroad.

Iran has in recent years expanded friendly ties with Latin America. Since taking office in 2005, Iranian President Mahmoud Ahmadinejad has expanded Iran's cooperation with many Latin American states, including Venezuela, Bolivia and Cuba. Ahmadinejad voiced Tehran's readiness to expand all-out ties and cooperation with Asuncion to his Paraguayan counterpart Fernando Lugo Mendez in March 2011.