Cemex to invest US$1.2bn in Mexico 2006-2008
Cemex will invest at least US$1.2bn in Mexico over the period 2006 to 2008.
The company will invest in the enlargement of plants, capital increase and energy projects, Cemex institutional relations vice-president, Ricardo Charvel, said. Slightly over $400m (EUR310m) of the investment will finance the enlargement of its plant in Puebla, central Mexico.
Cemex will invest more than $280m in its plant in Hermosillo, northern Mexico. The company will invest US$250m in capital increase projects. The remaining investment will finance energy projects.
Some of these investments have already been implemented in 2006 and the remaining part will be carried out in 2007 and 2008, Charvel pointed out.
Charvel forecasts an eight per cent increase in Cemex sales on the Mexican market for 2007, boosted by the higher demand and the expansion of the housing sector, as well as by road and infrastructure projects throughout Mexico.
Published under Cement News
