Cemex, S.A.B. de C.V. announced the restart of the Tepeaca, Mexico, cement plant expansion. By 2017 the total production capacity will reach 7.6 million tpy. Total investment is estimated to be approximately $650 million.
The additional investment, in order to add 4.4 million tpy to the current capacity, will be $200 million, since the company had already invested close to $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, Cemex’s chairman of the board. “We are proud to contribute to our country’s development.”
This investment will allow Cemex to be fully prepared to better serve the Mexican market in that region. Additionally, the expansion is expected to generate 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, Cemex CEO. “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, Mexico’s Secretary of Economy; Rafael Moreno, Governor of Puebla; Amelio Flores, Mayor of Cuautinchan; Rogelio Zambrano; Fernando A. Gonzalez; and Juan Romero, president of Cemex Mexico.