Mexico's Cemex sees $700 mln capital spending in 2013

MEXICO CITY Thu Feb 7, 2013 10:46am EST

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MEXICO CITY Feb 7 (Reuters) - Cemex, one of the world's largest cement companies, expects to spend about $700 million on capital investments this year, a company executive told analysts on a conference call.

About $525 million of that will be for maintenance and $175 million for "strategic capex," said Fernando Gonzalez, executive vice president for finance and administration.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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