Paraguay’s government evaluates INC capitalisation options

The Paraguayan government is currently analysing the different alternatives to inject capital in the state-owned Industria Nacional del Cemento (INC). One option include a private-public partnership, according to Jorge Méndez, INC president.

Apart from the need of new capital, the cement producer also needs new information systems to improve its invoicing and management.

Mr Méndez said that the company plans improvements in three areas: transparency (to counter complaints of irregularities), efficiency and profitability.

In terms of efficiency, actions planned include a review of contracts and acquisitions and a simplification processes to reduce bureaucracy and cost overruns.

Profitability will be enhanced through an increased quarry exploitation and cost reduction.