Mexico’s Cemex announces Panama Canal contract

Mexico’s Cemex announces Panama Canal contract
Wednesday, July 14 2010 @ 09:43 AM EDT

Contributed by: Don Winner

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Mexican buildings supplies giant Cemex SAB says it has signed a contract to supply 500,000 tons of cement for the Panama Canal expansion project. The Monterrey, Mexico-based company says the cement will be destined for the construction of a third set of locks on the waterway. The company said it has invested about $300 million in its Panama operations over the last two years, and has tripled its cement production capacity there. Panama has embarked on a $5.25 billion project to expand the canal to allow the la

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