Cement sector investments seen over US$1bn in 2006, Mexico

Cement sector investments seen over US$1bn in 2006, Mexico
Published: 04 October 2006

Mexico’s cement industry has announced over US$1bn investments in 2006, four times higher than the average annual investments of US$250m in the period 2001 to 2005.
 
The investments for 2006 include US$670m from Cemex. The sum also includes US$121m by local cement maker Cruz Azul, and another US$121m by the local unit of  Lafarge, and some US$130m by Mexican cement producer Corporacion Moctezuma.
 
The total investments of Mexico’s cement sector in the period 2001 to 2005 stood at US$1.25bn.

According to various sources, the expected infrastructure investments in Mexico in the forthcoming 36 months stand at some $25 bln (19.6 bln euro), from which the construction sector could profit. 
 
Mexico’s national cement sector chamber Canacem expects the construction sector to expand some four per cent YoY in 2006, much higher than the initial estimations for a 2.5 per cent YoY growth, released at the beginning of 2006.