CEMEX Latam Holdings expansion in Costa Rica
Company announces US$35 million project to increase cement production at Colorado plant by 25%
CEMEX have announced that their subsidiary CEMEX Latam Holdings SA (CLH) will start a project to increase cement production capacity in their plant located in Colorado, Costa Rica, by approximately 25%, reaching an annual capacity of 1.1 million tons a year by 2017.
The total investment is expected to be approximately US$35 million over a three-year period and will include the construction of a new grinding mill as well as several capacity-enhancing projects on its clinker production line.
‘With this increased capacity we will strengthen our position in Costa Rica, reiterating our commitment to support the development of the country,’ said Alejandro Ramirez, director of CLH in Costa Rica. ‘We are confident that infrastructure projects will continue driving demand for building materials over the medium-term.’
The CEMEX Costa Rica investment project was presented by company representatives during a bilateral meeting with the President of the Republic of Costa Rica, Luis Guillermo Solís; the Minister of Foreign Trade of Costa Rica, Alexander Mora; and the general director of CINDE, Jorge Sequeira, during a promotional visit to Mexico City on 10 December, in a bid to attract investment.
The expansion is expected to generate approximately 90 jobs during the construction phase and about 50 jobs once operations begin.
