Cemex announced today that its subsidiary Cemex Latam Holdings, SA has completed the construction of the first phase of a new cement grinding plant in Ciudad Sandino, Managua.

CLH invested approximately US$30m for infrastructure procurement and the installation of the first cement grinding mill, with a capacity of approximately 220,000tpa.. The inauguration ceremony took place yesterday at the new facility and was 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, will include the installation of a second 220,000tpa and an additional investment of approximately US$25m. Upon completion of the second phase, Cemex Nicaragua is expected to reach an estimated total capacity of approximately 860,000tpa.

“The positive business outlook in Nicaragua strengthens our commitment to be a reliable supplier given the growing need for high quality building materials required for public infrastructure, commercial projects, and housing in the country,” said Mr Gonzalez.