# Orica plans $20M investment in Lurín plant to become global explosives hub

Orica, an Australian explosives company, plans to invest US$20 million over three to four years in its Lurín plant in Peru, aiming to make it a global hub for explosives initiation systems. The plant has already started producing electronic detonators for Latin America.

- Type: Investment
- Announced: 2021-11-30
- Where: Lurín, Peru
- Value: $20.0M
- Status: announced
- Products: explosives, electronic detonators
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Orica Limited](https://endata.com/companies/28933.md)

## Sources

- [gestion.pe](https://gestion.pe/economia/empresas/orica-planta-en-lurin-se-convertira-en-hub-de-explosivos-de-orica-en-el-mundo-noticia/), 2021-11-30: "La planta de Lurín está habilitada para ser ese 'hub' de explosivos de Orica, pasando a ser una de las principales del sistema de iniciación a nivel mundial."

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