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Cemex joins Cementos Argos as supplier to Panamal Canal expansion

World Cement,

Cemex has signed a supply contract with “Consorcio Grupo Unidos por el Canal”, the primary contractor for the construction of the third set of locks of the Panama Canal expansion project. The supply contract calls for approximately 500 000 t of cement.

The Cemex contract represents an integral phase of the Canal expansion project, which includes two locks, the excavation of access channels to the new locks and the widening and deepening of navigational channels.

“We are proud to have been selected to be part of the Canal expansion project, which has real promise to be a catalyst for development for the Country of Panama,” said Jesus Gonzalez, president of Cemex Central America. “As part of the contract, Cemex will provide specially designed products for the engineering requirements of the work and ensure supply, a result of investing in expanding our production capacity since 2008. We at Cemex look forward to being part of Panama’s growth.”

Over the past two years, Cemex has invested approximately US$300 million in its Panamanian operations, including its plant where it has tripled its cement production capacity. With this expansion, Cemex will successfully satisfy the needs of building materials of the Panama Canal expansion project and the requirements of the projects that are part of the Panamanian Government's investment plan.

Last week, it was reported that Cementos Argos had won a contract to supply cement for the expansion project.

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