Mexico: Elementia considers price rise to help fund investment plan

Mexico: Elementia considers price rise to help fund investment plan
Published: 29 September 2016


Elementia is considering a potential rise in its cement price following the depreciation of the Mexican peso against the US dollar, according to the El Financiero newspaper.

The price rise will help to maintain the viability of its US$250m investment programme that includes a capacity expansion at the company’s Hidalgo works as well as contributing to debt payments, of which a significant part are denominated in dollars.