Paraguayan state-run cement company INC has already spent more than USD $76m (€65m) of the amount it raised from government bonds to replace the firm’s clinker furnace and add a new cement mill.
The company is planning to increase production by 40% “soon” and is investing in drying equipment and more raw materials.
INC also has plans to spend a further USD $2m in new pallet handling equipment for its Villeta plant and a new bagging machine for its Vallemi unit.
The group currently produces around 55,000 bags of cement per day.
This story first appeared in La Nacion. July 2018.