The Gloria Group, which controls Cementos Yura and Industrias Cachimayo, plans to build a new cement plant in Cusco, southeastern Peru, to meet the demand of an expanding market in the south of the country.
Vito Rodríguez Rodríguez, head of the industrial group, said the company would invest US$250-300m. He added that the firm had already acquired the land necessary but provided no further details.
He also mentioned that Gloria is evaluating new investment options, including in the area of energy as the company needs to be able to supply sufficient power to its industries. He pointed out that energy supply in the country is vulnerable as around 40% of energy depends on a single gas pipeline.
Daniel Saenz, vice president of Gloria’s Cement and Construction Materials and Mining Holding, confirmed that Cementos Yura has completed a US$100m investment in new lime kilns with the latest technology. The executive also revealed that the company evaluated several projects to build additional cement and lime capacity for its Juliaca works.
He also mentioned that cement exports to Bolivia have increased as the country suffers from significant domestic undersupply.
