# The Euclid Group invests US$10 million in Betumat expansion

The Euclid Group announced a US$10 million investment over three years in Betumat for expansion in northern and northeastern Brazil, including consolidation of production lines with Viapol, expansion of the Betumat plant, and modernization and automation of machinery.

- Type: Investment
- Announced: 2017-04-03
- Where: Candeias, Bahia, Brazil
- Value: $10.0M
- Status: announced
- Products: waterproofing products, construction chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Betumat](https://endata.com/companies/23317.md)
- [The Euclid Group](https://endata.com/companies/23316.md) (investor)
- [Viapol](https://endata.com/companies/23318.md) (partner)

## Sources

- [revistaoe.com.br](https://revistaoe.com.br/betumat-recebe-investimento/), 2017-04-03: "The Euclid Group anuncia o investimento na ordem de US$ 10 milhões na empresa Betumat, nos próximos três anos, para a expansão da companhia nas regiões Norte e Nordeste do Brasil."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.