Paraguay: INC expects annual sales up US$60m due to new mill

Paraguay’s Industria Nacional del Cemento (INC) expects to see annual sales up by US$60m following the commissioning of its new mill in 2H16, according to CEO, Jorge Méndez. At present, the company sells around US$90m in bagged cement.

Assembly of the new mill, which is manufactured by Sinoma of China, will be carried out by local company Engineering SA. The project represents an investment of US$11.5m. “In a few weeks’ time, the mill will embark in China and arrive in the middle of the year to be installed in the Villeta plant later,” Mr Méndez said.

He added that the new mill will enable a capacity rise of 70 per cent and will help the cement works to increase its production from 12m to 21m bags.