Etex to invest €65.7m in South American operations by 2027

South America: Belgium-based Etex has announced planned and on-going capital expenditure (CAPEX) investments of €65.7m in its gypsum wallboard plants in South America up to 2027. This consists of a €32.5m upgrade to its Huachipa plant in Lima, Peru, a €21.4m upgrade to its Santa Rosa plant in Santiago, Chile, and a €11.8m upgrade to its La Pampa plant in General Acha, Argentina. The Huachipa plant upgrade is scheduled for completion in late 2026, the Santa Rosa plant upgrade for August 2026 and the La Pampa plant upgrade for early 2027.

CEO Bernard Delvaux said "Latin America is a key region where we have been present for 90 years, with 23 sites and close to 2300 teammates today. We are not only scaling our operations but also raising the bar in efficiency, safety and environmental performance."