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Brazil’s Duratex announces R$2.5 billion in investments, changes name to DexCo

RIO DE JANEIRO, BRAZIL - Duratex building materials manufacturer, owner of traditional brands such as Deca, Hydra, Portinari and Durafloor, on Thursday, July 15, announced a major R$2.5 billion (US$490 million) investment plan for the 2021-2025 period, aimed at expanding its production capacity of wood panels, ceramic tiles, bathroom fixtures and fittings.

Most of the resources will be invested in the Deca Division (vitreous china and metal fittings), which will be allocated R$1.1 billion. Next in line are the Ceramics division, with R$620 million, and Wood, with R$500 million.

Another R$100 million . . .

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