Peruvian explosives company to enter Colombian market

Exsa, the largest company of explosives for mining in Peru, could invest in Colombia and Argentina following the recent purchase of the most important Brazilian explosives company, together with its Chilean partner Enaex. Gustavo Gomez-Sanchez, Exsa commercial manager, said the expansion plans of the company in the region go hand in hand with the growth of demand in the Peruvian market, where the mining industry has a portfolio of projects for implementation millionaires in the short and medium term. The explosive consumption has grown at an average annual rate of 4% in Latin America, where Chile, Peru, Venezuela, Brazil and Mexico account for about 80% of total demand, according to the Peruvian company. Read Article