United States: St Mary's Cement secures funding to expand North Michigan plant

St Mary's Cement, a subsidiary of Brazil's Votorantim Cimentos, has had its application for funding to expand its Charlevoix plant in north Michigan approved by the Michigan Strategic Fund (MSF), according to local news reports.

The approval means that the company can access US$150m from the MSF to finance the project to increase capacity at the plant from 1.4Mta to 2Mta.

In a statement, Stephen Gallagher, vice president of St Mary Cement Human Resources, said: “St Mary Cement is thrilled that our application has been approved by the Michigan Strategic Fund and would like to thank Senator Wayne Schmidt and the state of Michigan for the expeditious way the application was processed for our Charlevoix Plant. We look forward to the next step of the process which will involve the Company submitting a more detailed plan outlining how the funds might best be utilised for the betterment of all concerned parties.”