CEMEX announced today that, as part of its growth strategy, it will increase capacity in Guatemala with the construction of a new cement grinding mill that is expected to be completed in early 2023. This investment is accretive and considers the company's climate action program.
The facility will be strategically located in the company's plant in Guatemala. It will rely on modern and efficient processes for cement production and environmental standards. The new grinding mill, which will produce low-carbon cements, will be designed to be one of the most sustainable in the sector and will also be aligned with CEMEX's Future in Action program, aimed to reduce its carbon footprint.
"This investment reinforces CEMEX's commitment to Guatemala's development and reflects our confidence in the favorable outlook of the economy in the country and the region," said Jesus Gonzalez, President CEMEX South, Central America, and the Caribbean. “We are excited about expanding our offer of products and solutions to the market which contribute to sustainable construction, like Vertua, our family of net-zero and low carbon products."
The total value of the investment is approximately US$25 million. Current grinding capacity at the plant is about 0.5 million metric tons of per year. Following the completion of the project, production will increase approximately by 0.4 million metric tons to 0.9 million metric tons per year.
CEMEX is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies.
