Posted on
8213
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today it is optimizing its supply chain to meet shortages experienced throughout the western U.S. The optimization includes a kiln’s recommissioning at a cement plant in northwest Mexico. This announcement leverages CEMEX’s unique supply chain synergies in North America to alleviate cement shortages and project delays in California, Arizona, and Nevada.
CEMEX is investing approximately U.S. $15 million to recommission a kiln with a production capacity of about 1 million tons of cement annually at the CPN cement plant in Hermosillo, Sonora, Mexico. This investment should create more than 130 jobs in Mexico. Using its extensive distribution network in the region, CEMEX seeks to consistently supply Portland cement through its terminals in California, Arizona, and Nevada.