Cemex is restarting the expansion of the Tepeaca cement plant in Puebla, Mexico, to bring total capacity to 7.6 million tpa by 2017. The total investment is estimated to be approximately US$650 million, but the Mexican cement giant had already invested close to US$450 million in an earlier stage of the project so the additional investment required is just US$200 million.
“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, adding that the group is proud to contribute to its country’s development.
The construction phase of the expansion project is expected to generate 1500 jobs. Once operations begin, the plant will provide 100 direct and 240 indirect jobs.
“This expansion will allow us to better serve our customers’ needs in a very dynamic region of Mexico,” said Fernando A. Gonzalez, CEO of Cemex. “Tepeaca will become an iconic facility in our industry, using the latest technology, setting standards for quality, efficiency, safety and environmental performance.”
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/the-americas/02122014/cemex-to-resume-tepeaca-cement-plant-expansion-934/