The Paraguayan government is set to approve a $67 million loan to Industria Nacional del Cemento (INC) to reactivate the company’s investments in its Vallemí and Villeta plants, which were on hold due to lack of funds. 

The funding will allow INC to continue its $25.7 million contract with FLSmidth for fuel conversion at the Vallemí plant as well as a new cooler and the optimization of limestone grinding. At Villeta, the company is reportedly investing $7 million for two bagging facilities from Haver & Boecker. 

Overall, the investments that will be made with the loan will save INC $30 million per year.