Holcim to invest nearly $400 million in Ecuador

Source: Holcim Group, Zurich, Switzerland

In an effort to continue its commitment to the development of the construction industry in Ecuador, in late 2012, Holcim Equador will initiate an investment of nearly US$400 million to start building the second phase of its main cement plant expansion project in Guayaquil, an effort that will allow the South American country to sustain its growth in the coming decades, in a sustainable way.

Currently, Holcim Ecuador is finalizing the stage of engineering studies of what will be its third clinker production line, with construction expected to start in December 2012. The main goal of this project is to provide quality service for its customers, ensuring the availability of their products in the country. The investment is planned to generate about 2,500 direct and indirect jobs in the country during its construction phase, which will take approximately two years.

The construction of this third clinker production line will ensure the availability of raw materials for cement production, in order to cover high-demand periods for the product. The project will implement a kiln that will produce about 5,000 tpd of clinker.

This new challenge undertaken by Holcim Ecuador culminates with the expansion project of its main lant in Guayaquil, which started the construction of its first phase in early 2010 with an investment of US$120 million, and whose inauguration will take place in the first quarter of 2012. Through this project, cement production for Holcim Ecuador will increase from 3.5 million to 5.4 million tpy.

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