CEMEX to Resume Tepeaca Plant Expansion
December 01 2014 - 3:12PM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today the
restart of the Tepeaca cement plant expansion. By 2017 the total
production capacity will reach 7.6 million tons per year. Total
investment is estimated to be approximately US$650 million.
The additional investment, in order to add 4.4 million tons per
year to the current capacity, will be approximately US$200 million,
since the company had already invested close to US$450 million by
2008.
“We are encouraged by our industry’s positive outlook in Mexico.
With this investment, CEMEX reaffirms its confidence in the
country’s future,” said Rogelio Zambrano, Chairman of the Board of
CEMEX. “We are proud to contribute to our country’s
development.”
This investment will allow CEMEX to be fully prepared to better
serve our Mexican market in that region. Additionally, the
expansion is expected to generate approximately 1,500 jobs during
the construction phase and about 100 direct and 240 indirect jobs
once operations begin.
“This expansion will allow us to better serve our customers’
needs in a very dynamic region of Mexico,” said Fernando A.
Gonzalez, CEO of CEMEX. “Tepeaca will become an iconic facility in
our industry, using the latest technology, setting standards for
quality, efficiency, safety and environmental performance.”
The announcement was made during a ceremony at the facility,
located in the Mexican state of Puebla, with the attendance of
Ildefonso Guajardo, Secretary of Economy of Mexico; Rafael Moreno,
Governor of Puebla; Amelio Flores, Mayor of Cuautinchan; Rogelio
Zambrano, Chairman of the Board of CEMEX; Fernando A. Gonzalez, CEO
of CEMEX, and Juan Romero, President of CEMEX Mexico.
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
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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 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.
CEMEX, S.A.B. de C.V.Media RelationsJorge Pérez,
+52 (81) 8888-4334mr@cemex.comorInvestor RelationsEduardo
Rendón, +52 (81) 8888-4256ir@cemex.comorAnalyst
RelationsLuis Garza, +52 (81) 8888-4136ir@cemex.com
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