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Mexican cement maker ready to build wall

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World Cement,


Reuters are reporting that Grupo Cementos de Chihuahua (GCC) is ready to lend its services to US President-elect Donald Trump to build the wall he wants to erect on the southern border of the United States.

"We can't be choosy," Enrique Escalante, Chief Executive Officer of Grupo Cementos de Chihuahua said.

Republican Trump campaigned vowing to build a wall across the 2000 mile (3200 km) frontier.

Parts of the border are already divided by high fences, and a huge part of the boundary runs along the Rio Grande river.

Based in Chihuahua, a large northern state bordering Texas and New Mexico, GCC is one of the biggest construction materials companies in Mexico. It generates around 70% of its sales in the United States, where it also has three plants.

Escalante said Trump's plans to invest in energy and infrastructure in the United States augured well for the firm.

GCC, whose shares are trading at their highest levels since 2008, is 23% owned by Mexican multinational cement company Cemex, which at the end of September announced plans to sell its stake.

Read the article online at: https://www.worldcement.com/the-americas/25112016/mexican-cement-maker-ready-to-build-wall/


 

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