Thursday, July 18, 2013 - 15:57

InterCement receives homage from the government of Paraguay

Holding for the cement business of Camargo Corrêa Group receives, on Thursday, an award delivered by the president of Paraguay, Federico Franco

InterCement, through Yguazú Cementos, will be honored on Thursday, July 18, with the "Companies or People that contribute to the industrial development of Paraguay" award. InterCement is the holding for cement business of Camargo Corrêa Group, and is present in 19 countries, with companies that are also references in the segments of engineering and construction, energy and highway concessions, offshore shipyard, real-estate development and apparel and footwear.

InterCement operates in Paraguay since 2000 and is the vice leader on the market, with a 30% share. With 39 plants in eight countries, InterCement counts 38 million tons of cement on its annual production capacity and has expressive presence in Latin America and Africa. Focused on innovation and close service to different clients and markets, InterCement is positioned among the 10 largest international companies in the sector.

The award will be delivered by the Paraguayan president, Federico Franco, at "Expo Fairs 2013", an event that gathers the main industrial and agricultural companies in the country. This is the main corporate award granted by the government of Paraguay, and is a recognition of the work conducted by InterCement on the development of the local infrastructure.

"We are certain that we will increasingly contribute for the sustainable development of Paraguay, and this award recognizes the long-term commitment firmed by the investments of Camargo Corrêa Group", says José Édison Barros Franco, president of InterCement.

With investments that should reach around US$ 150 million, InterCement is building an integrated plant in Paraguay, with capacity to produce 400 thousand tons of cement a year. In October, the first phase of the project will start, with local production through a crushing plant supplied with clinker manufactured in Portugal. In June this year, over 70% of all employees had already been hired, with priority for local labor. The expectation is that the new integrated plant – the company’s first in Paraguay – starts local production in the second half of 2014.

ABOUT CAMARGO CORRÊA GROUP

Camargo Corrêa is one of the largest corporate groups in Brazil. Family owned since the foundation of its construction company, the group consolidated, in 74 years of operation, a culture of investment and overcoming of challenges focused on the sustainable social and economic development of the regions where it is present.

The Engineering and Construction business unit grew and consolidated a reputation of excellence in high complexity projects with large logistic proportions. Today, with over 500 large works in its history, the group is positioned as the largest constructor of hydro plants in the world, having participated of icons of the sector, such as the Itaipu Brazil-Paraguay binational and the Tucuruí plant.

The business portfolio of Camargo Corrêa Group also includes relevant and leadership participations in segments such as Energy and Transport Concessions, Apparel and Footwear, Offshore Shipbuilding and Real-Estate Development. The Group companies have around 60 thousand employees and are present in 19 countries.