French cement maker Lafarge and Mexican paints maker Comex have invested US$50m (EUR37.8m) in a plasterboard plant in Mexico, the two companies announced.
The move implies the establishment of a new company, which to operate in a new sector for both Lafarge and Comex.
The plant has a capacity of 150 million plasterboards per year and will supply the domestic and international markets. The plant will allow the two companies to reduce costs, to save time and to raise functionality and cleanliness in the construction of interiors, according to Alfredo Atchat Tussie, president of Comex.
Comex will invest between US$40m (EUR30.2m) and US$50 mln (EUR37.8m) in two new paints plants in Mexico and on the Mexican border, which to satisfy the increasing demand of the housing sector and to export products to the USA. The painting and plasterboard businesses in Mexico will be favoured by the growth of the housings construction sector.