Holcim approved the continuation of the feasibility study to build a new cement plant in Colombia. According to Miguel Angel Rubalcava, Holcim’s president in Colombia, the investment is around US$600m.
"We are evaluating the departments of Bolivar and Antioquia, as possible locations for its site but we have not decided," he said.
The new 2Mta works would generate about 1000 direct and indirect jobs and would benefit from the latest technology, minimal environmental impact and maximum energy efficiency.
"This is a way to strengthen our national presence to continue providing good products and services, and consolidation of Holcim's contribution to growth and development in Colombia," said Rubalcava.
The construction of the new plant is expected to take two years.
Market demand in Colombia is forecast to grow at 6% this year with the next few years expected to return an annual growth of 5%.
