Mexico: Cemex has announced that it is restarting its expansion of the Tepeaca cement plant in Puebla State. By 2017 its total production capacity will reach 7.6Mt/yr. Total investment is estimated to be approximately US$650m. The additional investment, in order to add 4.4Mt/yr to the current capacity, will be approximately US$200m, since the company had already invested close to US$450m by 2008.
"We are encouraged by our industry's positive outlook in Mexico. With this investment, Cemex reaffirms its confidence in the country's future" said Rogelio Zambrano, chairman of the board of Cemex. The expansion is expected to generate approximately 1500 jobs during the construction phase and about 100 direct and 240 indirect jobs once operation begins.
The announcement was made during a ceremony at the plant with the attendance of Ildefonso Guajardo, Secretary of Economy of Mexico, Rafael Moreno, Governor of Puebla, Amelio Flores, Mayor of Cuautinchan, Rogelio Zambrano, Chairman of the Board of Cemex, Fernando A Gonzalez, CEO of Cemex and Juan Romero, President of Cemex Mexico.
