Mexican cement firm Grupo Cementos de Chihuahua (GCC) is ready to invest US$250m in three new plants, one of which will be in the US while the other two will be in Ciudad Juárez, Chihuahua state, newspaper El Financiero reported. GCC will shell out US$220m on a new plant in Pueblo, Colorado, with planned annual production capacity of 1Mta of cement. It will be operating by 2007 and the company will make the first US$50m investment in construction this year, the paper quoted administration and finances director Martha Rodríguez as saying.
The Pueblo plant is designed to supply cement to the US’s Rocky Mountain region (west Texas, New Mexico and Colorado), as the company’s South Dakota plant deals with demand from Wyoming, Nebraska, Minnesota, North and South Dakota and Montana.
In Mexico, GCC will channel US$6-7m into two new plants in Ciudad Juárez. These will make prefabricated concrete products. The works will kick off this year and will be concluded in 2006. Another US$10m will be pumped into the modernization of GCC’s distribution terminals in various states. Some US$13-14m will also go to updating the firm’s equipment and truck fleet.