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| Cemex to participate in a cement plant project in Peru Mexican building-materials giant Cemex confirmed that the investment company Blue Rock Cement Holdings, S.A. (Blue Rock), will invest in a cement project in Peru. Cemex , which agreed to participate as a minority investor in Blue Rock, will assist in the development, building, and operation of the plant. Blue Rock's project consists of the construction of a new cement plant with an initial production capacity of 1 million metric tons per year. The plant is expected to be completed in early 2013 with a total investment of around US$230 million. The construction industry in Peru has seen sustained annual growth of over 10% in the past years, which makes Peru an attractive market. Cemex agreed to contribute an investment of up to US$100 million into the share capital of Blue Rock, for a minority stake. write your comments about the article :: © 2010 Construction News :: home page |