Construction on the new cement works at Barranco Amarillo in Peña, Yaracuy state, is expected to be completed in the first half of 2016.

The plant, with a capacity to produce 600tpd  or 4.5m bags of cement in two vertical kilns, is being built with assistance from India-based Megatech International. It is one of five mini plants in Portuguesa, Cojedes, Aragua, Mérida and Yaracuy covered by a bilateral agreement with India.

The site has proven limestone reserves sufficient for 100 years of operation at the plant. Petcoke will be brought in from other states.