Mexico: Rogelio Zambrano, president of the board of directors of Cemex, says that the group intends to spend US$850m towards expanding existing cement plants and promoting renewable energy projects in 2019. Around US$160m will be invested in Mexico, mainly in central and southeastern plants, according to the Expansión newspaper. Zambrano made the comments at an annual investors meeting. The group has also published its integrated report for 2018. It reported a 27.1% alternative fuels substitution rate for the business and a 26% rate of power consumption for cement production from renewable sources.
Cemex to spend US$850m on plant upgrades in 2019
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