The additional investment will be approximately US$200m (£128m), making the total US$650m as the company had already spent close to US$450m on the project by 2008. The investment will add 4.4 million tons per year to the current capacity, bringing the total production capacity to 7.6 million tons per year by 2017.
“We are encouraged by our industry’s positive outlook in Mexico. With this investment, Cemex reaffirms its confidence in the country’s future,” said Cemex board chairman Rogelio Zambrano.
The expansion is expected to generate approximately 1,500 jobs during the construction phase and about 100 direct and 240 indirect jobs once operations begin.