Chile's Copec sees at least $980 mln investment in 2014
SANTIAGO, April 23
SANTIAGO, April 23 (Reuters) - Chilean industrial conglomerate Copec said it planned to invest at least $980 million in 2014 to boost growth, a little less than the $1.3 billion it spent last year.
Copec, which owns one of the world's biggest wood pulp producers, the world's No. 3 fishing company and the main fuel distributors in Chile and Colombia, did not give details of its spending plan.
"We are looking forward with prudence, but don't doubt that we are as optimistic as ever," said Chairman Roberto Angelini at the company's annual general meeting on Wednesday.
"That is reflected in our investment plan for 2014, which looks to spend at least $980 million to continue growing." (Reporting by Felipe Iturrieta, Editing by Franklin Paul)
- Tesla prevails in top Massachusetts court over direct sales
- Obama to deploy 3,000 troops as Ebola crisis worsens
- Russia needs government investment to avoid recession, says former finance minister
- World stocks hit one-month low, caution ahead of Fed
- Ahead of independence vote, Britain pledges state funding to Scotland |