Home Business Paranapanema Company Will Invest Around R$500 mln in Three Years

Paranapanema Company Will Invest Around R$500 mln in Three Years

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After the financial restructuring process, completed in September, the copper manufacturer Paranapanema intends to invest R $ 500 million in the next three years. In total, R$320 million will be invest in 2018 for operational guarantee and close to R$190 million will come in three years, with transformation of the factories, said the company CEO, Marcos Camara. According to the executive, 40% of the resources will come from financing still in negotiation and the rest, from own cash, being the greater part with long-term maturity.