Holcim Apasco will go ahead with plans to invest US$200m this year to build a new production plant in Sonora state, in spite of the global financial crisis, local press reported.
Construction of the plant – which is located 23km from state capital Hermosillo – will require a total investment of US$400m and is expected to start operations in 2010.
The plant will guarantee the supply of high quality cement for infrastructure projects that the federal government has planned, especially in the northeast of the country.
"We believe the government’s plans in infrastructure and the housing sector this year will result in a gradual improvement in cement demand," company director of relations and communications, Gustavo Gastélum, was quoted as saying by paper El Financiero.
The new plant will be able to produce 1.6Mta.