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Cemex to use cash for Jamaica investments

Cemex to use cash for Jamaica investments

August 26, 2022 | Rodrigo Alonso Cruz
Mexican cement company expects to spend $40 mln to increase production by the second half of 2024

Funds Jamaica ESG Capital Markets Project & Infrastructure Finance Central America

Mexican cement company Cemex will use its "own resources" to finance a $40 million project to increase production by 30% at its Jamaican subsidiary Caribbean Cement Company Limited (CCCL), a source told LatinFinance on Thursday. The expansion plan, which was announced by Cemex CEO Fernando González during his visit to Jamaica, is expected to be completed by the second half of 2024, the company said in a press release on Wednesday.  The project "is expected to strengthen the self-sufficiency of t

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