GCC to spend up to $500 m on upgrade projects in Mexico and US
GCC plans to spend $450-$500 million on upgrade projects to its cement business over the next three to four years. It plans to build a new 1.1 mt/yr clinker production line at an unnamed existing plant but the board of directors is yet to make a final decision. Other projects include strengthening the group’s cement distribution network in Minneapolis, Minnesota and Utah in the US. This would also include building two new cement terminals.
Moreover, a debottlenecking project is being planned at the Samalayuca plant in Chihuahua. This would increase the plant’s production capacity by 0.2 mt/yr and is scheduled for completion by the end of 2022. A final project is also scheduled for the Chihuahua plant to improve operational efficiency, and enhance social and environmental responsibility.