Brazil: Provale, a manufacturer of calcium carbonate, plans to enter the well and white cement markets. It is setting up a 190,000t/yr capacity cement grinding plant at Cachoeiro de Itapemirim, Esprito Santo. Provale is currently waiting for environmental clearance to start ground breaking in a 50,000m2 area. US$4m of the project funding is coming from the US private equity company, Resource Capital Funds, which has bought a 22% stake in Provale. President Emilio Nemer Neto said that talks with a prospective partner in Europe for the acquisition of clinker are underway.
Provale to enter white and well cement business with new grinding plant
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