CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that, following its successful restart of one kiln at its CPN cement plant located in northwest Mexico in 2021, it is now reactivating the second CPN kiln. This investment will leverage CEMEX’s unparalleled regional trading network to meet growing cement demand throughout the western United States. Once operational, the recommissioned kiln is expected to provide nearly 800,000 additional metric tons of cement for customers across Arizona, California and Nevada.
CEMEX will invest US$29 million to bring on the second kiln in its Sonora, Mexico plant, and expects the line to be operational by the third quarter of 2022. This investment follows an earlier US$15 million capital expenditure during 2021 to restart the first kiln.
“Many cement customers in the western U.S. have been impacted by tight supply constraints for several months, and at CEMEX, we are proactively looking for opportunities to further alleviate those conditions and enrich customer experiences by enhancing how we operate while utilizing our global reach,” said Jaime Muguiro, President of CEMEX USA. “Customers require more cement to keep pace with the region’s growth, and we want to ensure they have stable and steady access to the high-quality materials that are essential to meet their needs.”
