Cemex: Mexican cement market to grow 3% in 2018

Mexico’s cement market is forecast to grow by 2-3 per cent, according to Cemex CEO, Fernando González.

While construction of housing is expected to advance only modestly, the commercial and industrial building segments are envisaged to show sufficient growth. Infrastructure will also account for 25 per cent of cement offtake.

“I wish we could do much more in infrastructure. I think that what is possible is usually invested as a function of the government programs and the works are progressing. For example the new airport is an example of a project that transcends what we could call the short term, it is broad,” said the Cemex head.