San Sebastián Cement Plant will be able to produce 100% thanks to foreign investment
Internet
Published at: 21/01/2025 11:10 PM
The Deputy Minister of Intermediate and Light Industries, Juan Carlos Briceño, reported that thanks to foreign investment, the San Sebastián Cement Plant, located in the state of Aragua, will be able to maximize its productivity growth to 100%.
During an inspection, broadcast by Venezolana de Televisión, Quevedo highlighted the importance of the protection that the country provides to foreign investment.
He emphasized working together with the working class and representatives of allied countries, such as Rahman Şahşenas, an investor in the BRICS, and the president of the Socialist Cement Corporation, Danny Tua.
For his part, Şahşenas said that his group has been studying investment opportunities in Venezuela for the past nine months.
He also stressed that “Venezuela is a very safe country not only for investors but also for tourism, to live here and it has very good business opportunities”, in addition to having a production capacity in its cement plants of approximately 1.7 million tons per year.
Additionally, Şahşenas announced a planned investment of 150 million dollars, with the objective of maximizing the plant's productive capacity. “With this investment, we hope to achieve maximum productive capacity during the development of our plan,” he said.
Compared to previous years, the plant registered an increase of more than 20% in its production, thus meeting national needs and with the possibility of exporting.
The San Sebastián Cement Plant, which employs 396 workers, is dedicated to training students and provides medical care to nearby communities, reflecting its commitment to the social and economic development of the region.
The authorities anticipated the possibility of signing an agreement in the future, although it has not yet been confirmed.