We invested R$ 200 million in the expansion of our factory in Pecém, state of Ceará

Votorantim Cimentos, announced a R$ 200 million investment in the expansion of its Pecém plant, in the Brazilian state of Ceará. Once operating at full capacity, the project will create approximately 50 new direct jobs—in sales, operations and logistics—and add 800,000 tons/year to the unit's current 200,000 tons/year cement grinding capacity, for a total of one million tons/year. Construction is scheduled to begin in the first half of this year.

The official announcement was made today during a meeting between the governor of Ceará, Camilo Santana, the global CEO of Votorantim Cimentos, Marcelo Castelli, and the company's executive commitment, held at the company's headquarters in São Paulo.

"This is great news for the state of Ceará, which has grown significantly in recent years as a result of our policy of attracting investments and our fiscal balance. We are currently the Brazilian state with the largest volume of public investments in relation to current net revenue—more than double the country's. We have invested heavily in infrastructure and attracted large private investments. Today, Ceará has the only fully-operating Export Processing Zone in the country. The Votorantim Group is a great partner. The expansion of its business in Ceará shows that the group believes in our state and in the recovery of the economy," said the governor of Ceará, Camilo Santana.

"We are very pleased to announce this investment in Ceará, a state that has welcomed us for a long time. Our goal with this expansion is to be prepared to serve the Northeast Brazil market in light of the forecasted recovery of the economy and the construction sector. In addition to generating employment, income and well-being for the region and for the country, we'll also create other indirect jobs, mainly in the logistics and transport chain," said Marcelo Castelli, CEO of Votorantim Cimentos.

Governor Camilo Santana was accompanied by the secretary of Economic Development and Labor of Ceará (SEDET), Francisco de Queiroz Maia Junior, the executive secretary of Industry (SEDET), Roseane Oliveira de Medeiros, the CEO of the Ceará Development Agency (ADECE), Eduardo Henrique Cunha Neves, and the Executive Secretary of Energy and Telecommunication within the Office of Infrastructure of Ceará (SEINFRA), Adão Linhares Muniz.

The expansion project will apply the most modern concepts of energy efficiency and industrial automation, including the acquisition of new, cutting-edge equipment, in line with the sustainability strategy and respect for the environment that guide the company's performance. The expansion of the Pecém plant will enable Votorantim Cimentos to increase its efficiency in the production and distribution of its products, thereby improving the level of service and reducing the delivery time to customers.

In Ceará, Votorantim Cimentos operates the Sobral-Pecém industrial complex. The Pecém plant has been operating since 2008, producing cement and mortars. Inaugurated in 1968, the Sobral plant produces two lines of the Poty brand of cement: All Constructions and Structural Constructions.