CEMEX Inaugurates Grinding Mill in Nicaragua
August 27 2015 - 10:12PM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE:CX) announced today that
its subsidiary CEMEX Latam Holdings, S.A. ("CLH") (BVC:CLH) has
completed the construction of the first phase of a new cement
grinding plant in Ciudad Sandino, Managua.
CLH invested approximately U.S.$30 million for infrastructure
procurement and the installation of the first cement grinding mill,
with an annual production capacity of approximately 220,000 metric
tons. The inauguration ceremony took place this Thursday, August
27, at the new facility and was attended by the President of
Nicaragua, Daniel Ortega, and the Chief Executive Officer of CEMEX,
Fernando A. Gonzalez.
The second phase, which is expected to be completed by the end
of 2017, will include the installation of a second cement grinding
mill with an additional annual production capacity of approximately
220,000 metric tons and an additional investment of approximately
U.S.$25 million. Upon completion of the second phase, CEMEX
Nicaragua is expected to reach an estimated total annual cement
production capacity of approximately 860,000 metric tons.
“The positive business outlook in Nicaragua strengthens our
commitment to be a reliable supplier given the growing need for
high quality building materials required for public infrastructure,
commercial projects, and housing in the country,” said Fernando A.
Gonzalez.
CEMEX is a global building materials company that provides
high-quality products and reliable services to customers and
communities in more than 50 countries. CEMEX has a rich history of
improving the well-being of those it serves through innovative
building solutions, efficiency advancements, and efforts to promote
a sustainable future. For more information, please visit
www.cemex.com
This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties,
and assumptions. Many factors could cause the actual results,
performance, or achievements of CEMEX, CLH or the project herein
described to be materially different from those expressed or
implied in this release. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described
herein. CEMEX assumes no obligation to update or correct the
information contained in this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20150827006107/en/
CEMEX, S.A.B. de C.V.Media Relations:Jorge Pérez,
+52(81) 8888-4334mr@cemex.comorInvestor Relations:Eduardo
Rendón, +52(81) 8888-4256ir@cemex.comorAnalyst
Relations:Lucy Rodriguez, +1(212)
317-6007ir@cemex.com
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