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Paz Horowitz advises LACEC on $9m investment

  • News
  • 14 October 2020
  • 235
  • 2 minutes read

Paz Horowitz Abogados has advised on the funding for a new plant

Paz Horowitz Abogados advised LACEC, an important Ecuadorian company in the industrial mining sector, focused on the production and commercialization of calcium carbonate, in the process of obtaining several tax incentives for the next 12 years, through the execution of an investment agreement on September 7, 2020, with the Ministry of Production, Foreign Trade, Investment and Fisheries of Ecuador.

Through this contract, the company commits to making a new productive investment of approximately 9 million dollars, destined to the construction of a new industrial plant, with updated equipment and control systems such as mills, cyclones, sleeve filters, and others, which is estimated to be operational by 2021.

Paz Horowitz team was led by partner Agustín Acosta Cárdenas (pictured), and involved senior associate Sara Romero.

Antonio Jimenez Morato

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