MEXICO CITY May 5 Mexico's Cemex,
one of the world's largest cement companies, has begun
construction on a new $55 million cement grinding plant in
Nicaragua, the company said in a statement on Monday.
The Monterrey-based company said the new plant will boost
cement production capacity in the Central American country by
440,000 tonnes annually, or by 104 percent, and help propel more
housing and infrastructure development there.
Cemex said the new plant in Ciudad Sandino on the outskirts
of the capital Managua, will eventually include two grinding
mills and is expected to be completed by the end of 2017.
(Reporting by David Alire Garcia; Editing by Matt Driskill)