Mexican cement manufacturer Cemex SAB de CV is to spend US $460 million (MXN5 billion) to build a new kiln at its Tepeaca cement plant in Puebla, Mexico.
The new kiln is expected to increase production at the plant to 7.6 million tonnes per year, from current production of 3.2 million.
Cemex SAB de CV’s chairman and chief executive, Lorenzo Zambrano, has said that the investment represents the company’s confidence in the growing Mexican cement market.
Financing of the project will be spread over three years.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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