cemex sab-spons adr part cer (CEXA) Snapshot

CEMEX, S.A.B. de C.V. announced that it expects to invest approximately USD 100 million (approximately EGP 700 million) to significantly improve its operations in Egypt and continue supporting the country's housing, commercial and infrastructure development. The planned investments were discussed in a meeting between Sergio Menendez, President of CEMEX in Egypt, and Yehia Hamed, Egyptian Minister of Investment. A sizable percentage of the investment will be used by the company to increase its capacity to use coal and pet coke as energy sources in its Assiut cement plant, helping to eliminate fuel subsidies by 2014. CEMEX also expects to install new waste co-processing and environmental equipment in the plant to continue reducing its emissions and to increase its alternative fuels usage. CEMEX also expects to invest in equipment to build and promote the construction of concrete roads, which represent a more durable and cost-effective building solution. The company is already planning to support four major concrete paving projects in Egypt during 2013.

CEMEX, S.A.B. de C.V. announced that it plans to expand the production capacity at its Odessa, Texas cement plant by 345,000 metric tons to nearly 900,000 metric tons per year in order to keep pace with rapidly growing demand in its West Texas market led mainly by the oil and gas industry. By leveraging existing assets and producing value-added products, the company expects to achieve strong returns on its investment. The expansion will utilize production technology resulting in higher fuel efficiency and improved productivity. The expansion will also include an improved higher capacity load out system, allowing for a more efficient truck loading process to accommodate the region's growing demand for cement.

Cemex Presents at Bank of America Merrill Lynch High Yield and Loans Conference 2013, Jun-11-2013 04:30 PM. Venue: Royal Garden Hotel, 2- 24 Kensington High Street, London W8 4PT, United Kingdom.