US$30 million first phase of new cement grinding plant completed in country’s capital city
CEMEX subsidiary CEMEX Latam Holdings (CLH) have completed the construction of the first phase of a new cement grinding plant in Ciudad Sandino, Managua, Nicaragua.
CLH have invested approximately US$30 million for infrastructure procurement and the installation of the first cement grinding mill, with an annual production capacity of approximately 220,000 tonnes.
The inauguration ceremony took place on Thursday 27 August 27, attended by the President of Nicaragua, Daniel Ortega, and the chief executive officer of CEMEX, Fernando A. Gonzalez.
The second phase, which is expected to be completed by the end of 2017 at an additional investment of approximately US$25 million, will include the installation of a second cement grinding mill with an additional annual production capacity of approximately 220,000 tonnes.
Upon completion of the second phase, CEMEX Nicaragua is expected to reach an estimated total annual cement production capacity of approximately 860,000 tonnes.
‘The positive business outlook in Nicaragua strengthens our commitment to be a reliable supplier given the growing need for high-quality building materials for public infrastructure, commercial projects and housing in the country,’ said Fernando A. Gonzalez.