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What is Mills Increases 2011 Jahu Capex Budget about?

Mills, a Brazilian construction company, increased its 2011 capital expenditure budget for its Jahu division by 46.3% to R$199.5 million due to strong market demand and the successful opening of new branches. The total 2011 capex budget for Mills was revised upward 18.7% to R$400.3 million. The additional R$63.1 million will be used to purchase new equipment for the new Jahu branches. Mills believes that cash from operations and a recent debenture issuance will be sufficient to finance the 2011 investment p

Author

MillsRI

Language

EN