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| Cemex to increase cement production capacity in The Philippines Mexico's top cement maker Cemex, S.A.B. de C.V. (NYSE: CX), announced that it is planning to expand the cement production capacity of its APO plant in the Philippines by 1.5 M metric tons per year. Through an investment of approximately US$65 million, the company will increase production and strengthen its distribution network to better serve high-demand areas throughout the country. The increase is expected to be operational by the first quarter of 2014. With this new investment, Cemex will keep pace with the Philippines market's rapid growth. The country registered a gross domestic product growth of 6.1% in the first half of 2012, according to the National Statistical Coordination Board. The Metropolitan Manila Development Authority has begun multiple infrastructure projects as the country recovers from damage caused by extreme weather conditions. write your comments about the article :: © 2012 Construction News :: home page |