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News Government loan of US$67m would help Industria Nacional del Cemento to reactivate contracts

Government loan of US$67m would help Industria Nacional del Cemento to reactivate contracts

Written by Global Cement staff 11 June 2014
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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.

Published in Global Cement News
Tagged under
  • Paraguay
  • Industria Nacional del Cemento
  • Upgrade
  • Loan
  • Finance
  • GCW154
  • FLSmidth
  • Claudius Peters
  • Haver & Boecker
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