CEMEX to expand cement capacity in Mexico
Company announces plans to expand its Tepeaca plant capacity to 7.6 million tonnes per year
CEMEX have announced that they are to restart plans to increase production capacity at their Tepeaca cement plant, in Mexico, by 4.4 million tonnes to 7.6 million tonnes per year to meet the anticipated growing demand for cement products in the regional markets. The total cost of investment is estimated to be approximately US$650 million.
The latest investment, in order to add the 4.4 million tonnes per year to the current capacity, will be around US$200 million and adds to the company’s original US$450 million investment by 2008.
The expansion project will allow CEMEX to be fully prepared to better serve the local markets in Mexico and it is expected to boost the economy with the creation of 1,500 jobs during the construction phase, and around 340 jobs once operations begin in 2017.
Rogelio Zambrano, chairman of the board of CEMEX, said: ‘We are encouraged by our industry’s positive outlook in Mexico. With this investment, CEMEX reaffirms its confidence in the country’s future and we are proud to contribute to our country’s infrastructure development.
‘This expansion will allow us to better serve our customers’ needs in a very dynamic region of Mexico,’ added Fernando A. Gonzalez, CEO of CEMEX. ‘Tepeaca will become an iconic facility in our industry, using the latest technology and setting new standards for quality, efficiency, safety and environmental performance.’