Brazil: Apodi, owned by entrepreneurs Ivens Dias Branco (68%) and Juscelino Sarkis (32%), is to invest US$444m to set up a cement plant in the Brazilian state of Sergipe. It reportedly anticipates that the move will reinforce its stronghold in the north east of the country.
The new unit will have capacity for 5000t/day, adding to Apodi's two plants in Pecem and Quixada, Ceara state and expanding the company capacity to 10,000t/day in total.