Cemex investing US$1.1bn in Mexico over next 3 years

Mexican cement giant 643 Cemex is to invest around US$1.1 billion in its home country over the next three years, according to its President Rogelio Zambrano. The country's business environment has improved substantially since the 2008 crisis, Zambrano said, and structural reforms also bolster a positive outlook. The firm's plans involve direct investments and those concerning projects managed by Cemex, such as wind farms. Cemex has invested $200 million to expand the second production line at its Tepeaca plant in Puebla, creating 1,500 direct jobs.