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