Mexico's Cemex announces Panama Canal contract for half a million tons of cement
Mexican buildings supplies giant Cemex says it has signed a contract to supply 500,000 tons of cement for the Panama Canal expansion project.
The Monterrey-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.
Original source: Associated Press