Cemex, S.A.B. de C.V. announced that its subsidiary Cemex Latam Holdings, S.A. (CLH) will start an investment project to increase cement production capacity in its plant located in Colorado, Costa Rica, by approximately 25 percent, reaching an annual capacity of 1.1 million tpy by 2017.
The total investment is expected to be approximately $35 million in a three-year period and will include the construction of a new grinding mill, as well as several capacity enhancing projects on its clinker production line.
“With this increased capacity we will strengthen our position in Costa Rica, reiterating our commitment to support the development of the country. We are confident that infrastructure projects will continue driving demand for building materials over the medium-term, said Alejandro Ramirez, director of CLH in Costa Rica.
Minister of Foreign Trade of Costa Rica Alexander Mora said that the Cemex Costa Rica investment is a sign of the group’s commitment with the country and also an example of the good performance that foreign companies may experience in Costa Rica.
The Cemex Costa Rica investment project was presented by company representatives during a bilateral meeting with Costa Rica President Luis Guillermo Solís, Minister of Foreign Trade of Costa Rica Alexander Mora, and General Director of CINDE Jorge Sequeira during a promotional visit to attract investment, made in Mexico City on December 10.
Additionally, the expansion is expected to generate approximately 90 jobs during the construction phase and about 50 jobs once operations begin.