Holcim Mexico expects to invest up to US$50m in 2019

Holcim Mexico announced its plans to invest US$30-50m in improving its operating efficiency and distribution network of its cement and concrete plants.

"We have a network of over a thousand points of sale in Latin America and in Mexico we are also developing that part of a very long-term plan and a plan for Holcim's vision in Latin America," said Rodolfo Montero, CEO of Holcim. Mexico, in the event. "We also want to improve the efficiency of production, we are very concerned about the environment, we are very concerned about reducing emissions."

The cement producer plans to participate in several infrastructure projects such as the Mayan Train, reconditioning of International Airport of Mexico City and the Santa Lucia air terminal.

Holcim said it does not expect to raise prices in the first months of this year. Earlier Cemex said it envisaged a price rise between 12-13 per cent.