Chile's CAP to invest $1.6 bln in 2018-22 in growth, diversification

Chilean steel and iron ore producer Compañía de Acero del Pacífico (CAP) plans to invest $1.60 billion over the next five years to achieve organic growth and business diversification.

The announced capital expenditure is part of the company’s strategic plan to strengthen its presence in markets other than iron ore and steel, to mitigate the effects of price volatility on its revenues, it announced on Wednesday April 18.

“We have a five-year investment plan [estimated] at $1.60 billion, in which new businesses and diversification -...

Published

Ana Paula Camargo

April 19, 2018

16:16 GMT

São Paulo