PROJECT

Projects

Summary of Investment Information

Project Number

47515

Company Name

Votorantim Cimentos S A.

Date SPI Disclosed

May 21, 2023

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jun 23, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 18, 2023

Department

Regional Industry - MAS LAC

Industry

Manufacturing

Previous Events

Approved : Jul 14, 2023
Signed : Jul 18, 2023
Invested : Aug 16, 2023

Sector

Cement

Project Description

The proposed investment consists of an A Loan of up to US$150 million to Votorantim Cimentos S.A. (“VC” or the “Company”), a leading cement producer based in Brazil. The proposed project aims to support the modernization of the Salto plant by upgrading existing equipment and expanding its co-processing capacity to increase the use of alternative fuels (“The Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation