Unacem plans to invest in Atocongo and Condorcocha Plants

Ecuador: Peru';s Unacem plans to invest US$58m in Condorcocha, Junin and Atocongo, San Juan de Miraflores in 2015, following US545m of investments in 2014. A total of US$374m will be invested in the Atocongo and Condorcocha plants between 2014 and 2018 with a focus on the development of the Carpapata III hydropower plant, the cement mill and packing area (Condorcocha) as well as capacity expansions and other investments in fixed assets. Unacem will invest US$939m over the next five years, while it anticipates sales of US$190m in 2014. The company expects its revenues to exceed US$200m form 2016 and projects a turnover of US$256m in 2020.