CEMEX Latam Holdings opens new cement grinding plant in Colombia
CEMEX Latam Holdings, S.A. ("CLH") (BVC: CLH), announced today that it has opened a new cement grinding plant, located in the municipality of Clemencia in the Caribbean coast in Colombia. This grinding facility represented an investment of approximately U.S.$50 million and has an annual production capacity of 450,000 metric tons of cement.
The plant, which during its construction phase generated 500 indirect jobs, will operate using modern and efficient technology with high quality and environmental standards. This facility is expected to supply cement to the markets on the Caribbean coast in Colombia.
Carlos Jacks, CEO of CLH said: “This investment reflects our commitment to participate in the development of Colombia creating new job opportunities and increasing well-being in our communities. With the construction of this grinding facility we are enhancing our position in a region with attractive growth prospects supported by high levels of construction activity.”
The municipality of Clemencia and neighboring communities will also benefit from several social initiatives like Bloqueras Solidarias, a program intended to reduce poverty levels by offering a social solution for families to improve or build their house with concrete blocks manufactured by them; the program for the improvement of infrastructure in the community; the program Sembrando el Futuro, focused on environmental restoration; the construction of a community center; community training and education programs, among others.
CEMEX Latam Holdings is a regional leader in the building solutions industry that provides high-quality products and reliable service to customers and communities in Colombia, Panama, Costa Rica, Nicaragua, El Salvador, Guatemala, and Brazil. CEMEX Latam Holdings' mission is to encourage the development of the countries where it operates through innovative building solutions that foster well-being.
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 CLH to be materially different from those expressed or implied in this release, including, among others, changes in general economic, political, governmental and business conditions globally and in the countries in which CLH does business, changes in interest rates, changes in inflation rates, changes in exchange rates, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy, changes derived from events affecting CEMEX, S.A.B de C.V. and subsidiaries (“CEMEX”) and various other factors. 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. CLH assumes no obligation to update or correct the information contained in this press release.