Cemex stresses importance of housing and infrastructure initiatives

Cemex recently shared its experience of housing and infrastructure programmes at the XLVII Inter-American and Caribbean Housing Conference, which took place in Santiago, Chile. The company took part in a panel discussion on ‘Financing Urban Infrastructure’, during which it discussed the role of housing projects and infrastructure solutions in contributing to a region’s development, as well as the importance of cooperation between private, public and international organisations. Carlos González, President of Cemex in the Dominican Republic and leader of the company’s Infrastructure and Housing Initiative, outlined Cemex’s involvement in such programmes.

“The projects of infrastructure and housing are a key point in the development and well-being of Latin America. Cemex is working closely with its clients, governments and communities to promote these type of opportunities to boost the development in the region.”

The cement producer has introduced housing and infrastructure initiatives around the world, including a US$100 million investment in Egypt, which will be spent on road, construction, infrastructure and housing programmes, as well as on enhancing the company’s operations in the country. The firm’s subsidiaries, such as Cemex Latam Holdings (CLH), also support projects concerning road development and housing, among others.

CLH recently reported positive results for 2Q13, with consolidated net sales and EBITDA increasing by 9% y/y and 16% y/y, respectively.

Adapted from press release by Louise Fordham

Read the article online at: https://www.worldcement.com/the-americas/21082013/cemex_discusses_housing_infrastructure_intitiatives_at_conference_208/