Precor mulls investment in neighboring markets

Peru's major construction steel fabricator Precor is mulling investments in neighboring countries, such as Chile and Colombia - or even the Mexican market, Steel Business Briefing hears from company sources.

In Peru, the group is finishing an expansion program that will lift processing capacity by 35% to 120,000 t/y or so. It has invested US$9m in 2007 and should invest another US$5m this year, in order to maintain its leadership in the Peruvian market.

"A strategy to invest abroad should be defined over the next 12 months," a source at the company says. For 2008, Precor expects to reach revenues of US$100m, a 20-25% growth compared to last year.

Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: August 11, 2008

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