Cemex to invest US$645m million in fixed assets in 2014

In a recent interview, the executive vice-president of finances and administration at Mexican cement company 643 Cemex, Fernando Gonzalez, revealed that the company will invest US$645 million (€474.57 million) in fixed assets in 2014, $25 million above the investments made in 2013, including $505 million in maintenance and $140 million in strategic assets. Cemex put the cost for aggregates and cement up by 8% in January 2014, and it predicts sales of concrete, aggregates and cement will grow between 4%-6% in 2014.