Mexico: Cementos Moctezuma recorded a 20.8% increase in revenues to US$1.1bn in 2023, according to its 2023 Integrated Annual Report. During the same period, the company invested more than US$37.2m in active projects, producing more than 7Mt of cement. The company also reported an earnings before interest, depreciation and amortisation (EBITDA) of US$500m.
CEO José María Barroso said "2023 represented the opportunity to achieve continuous improvement in administrative, technical and commercial aspects, as well as through strategic alliances; all focused on cost reduction and sustainable efficiency."