Invecem awarded limestone and clay concession

Industria Venezolana de Cemento (Invecem) has been granted a licence for limestone and clay exploitation by the state government of Falcón. The 20-year licence will enable the Venezuelan cement producer to increase production by 23 per cent.

"The signing of this concession is very important as it will allow us to develop our products in line with the first phase of the expansion project we have started in January and will culminate in April," said José Camejo, director of Invecem’s Cumarebo plant.

He explained that by 2017 the company plans to build the second phase of expansion which will see production increase by 40 per cent to 1770 tons of cement annually.

The concession for the exploitation of limestone and clay was carried out by the state government through through CorpoFalcón in line with the provisions of the Law of Non-Metallic Minerals.