Peruvian Grupo Gloria announces investments of US $ 140M for future projects in Ecuador

The business conglomerate of Peru, Grupo Gloria, has invested US $600 million in Ecuador in different projects and plans to inject US $140 million more in the future, according to the National Communication Secretariat.

The announcement came after the work meeting that the brothers José and Vito Rodríguez, of the Peruvian company Grupo Gloria, held this week with the president of Ecuador, Lenin Moreno, the Secretariat said in a statement.

This conglomerate, with a presence in several Latin American countries such as Bolivia, Argentina, Colombia and Puerto Rico, has invested more than US $600 million in Ecuador in various sectors and in the coming months will allocate US $140 million more to food, services, mining and construction.

“Ecuador has excellent conditions, natural resources, its market and, above all, government policy,” said the director of the Peruvian company, José Rodríguez.

For his part, the manager in Ecuador of the company, Roberto Foulkes, added that the Andean country “is very promising” to continue investing in it.

Peruvian businessmen also invited Moreno to the inauguration of the Cemento Chimborazo factory, which will take place in the first days of January 2019, in which they have placed US $400 million.

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