Chilean steel and iron ore producer Compa???-a de Acero del Pac?-fico (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 - both in...