www.aggregateresearch.com - Latest industry news on Aggregates, Asphalt, Cement, Concrete and more. Cemex is to restart of the Tepeaca, Mexico, cement plant expansion.
By 2017 total production capacity will reach 7.6 million tons per year. Total investment is estimated to be approximately $650 million.
The additional investment, in order to add 4.4 million tons per year to the current capacity, will be approximately $200 million, since the company had already invested close to $450 million by 2008.
“We are encouraged by our industry’s positive outlook in Mexico. With this investment, Cemex reaffirms its confidence in the country’s future,” said Rogelio Zambrano, chairman Cemex. “We are proud to contribute to our country’s development.”
This investment will allow Cemex to be fully prepared to better serve our Mexican market in that region. Additionally, the expansion is expected to generate approximately 1,500 jobs during the construction phase and about 100 direct and 240 indirect jobs once operations begin.
“This expansion will allow us to better serve our customers’ needs in a very dynamic region of Mexico,” said Fernando A Gonzalez, chief executive, Cemex. “Tepeaca will become an iconic facility in our industry, using the latest technology, setting standards for quality, efficiency, safety and environmental performance.”