Paraguay to inject US$67m in INC

The Paraguayan state will lend Industria Nacional del Cemento (INC) US$67m to reactivate the company’s investments in its Vallemí and Villeta plants, which were on hold due to lack of funds. 

The investments include a fuel conversion at the kiln of Vallemí as well as a new cooler and the optimisation of limestone grinding at the works. At Villeta, the company is reportedly investing US$7m in two new packing machines, to be supplied by Haver & Boecker.