Mexico-based Cemex to invest US $100 million in Peru

Isabel Guerra

Mexico-based cement company Cemex announced the construction of a new plant in Lima, with a direct investment of US $100 million, according to Fernando Gonzalez, Cemex’s vice President of Management and Finances.

The total investment required may reach US $230 million.

Cemex is seeking to strengthen its presence in Peruvian markets, and also to diversify its investments portfolio in the Latin American region, Gonzalez said.

The plant, which will have capacity for processing one million tons, is expected to be ready by the end of 2013, report local dailies Gestion, Semana Economica and El Comercio.

“Construction business in Peru has been steadily growing by more than 10% per year during the recent years, which makes Peru an attractive market,” stressed Gonzalez.

Cemex is a company with presence in more than 50 countries worldwide.

(Photo: Google Images)

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