Peruvian Yura Plans $85 Mln Investment for 2007-2009

Peruvian cement company Yura will invest $85 mln (61 mln euro) in increasing its clinker output by more than twice over the period 2007 to 2009, Yura said on September 11, 2007.

Yura will increase the annual capacity of its clinker production line to 1.2 million tonnes, up from the current 590,000 tonnes. Thus the company will consolidate its position in the national industry.

Over the period 2005 to 2006 invested $28 mln (20 mln euro) in equipment acquisition and improvement of its environmental control systems. It increased its cement grinding capacity with the installation of a vertical roller mill of German capital goods maker Loesche GmbH. It renewed its quality management system certificate ISO 9001:2000 and the environmental certificate ISO 14001:2004.

Yura is part of Peruvian industrial conglomerate Grupo Gloria SA (www.grupogloria.com.pe). Yura produces and sells cement, ready mixed concrete and aggregates, and lime. It supplies products principally to the construction and mining industries.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: September 12, 2007

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