CEMEX Colombia receives permission to be able to expand its production capacity - CEMEX Colombia receives permission to be able to expand its production capacity
February 16, 2021
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that the Regional Autonomous Corporation of Antioquia ("CORANTIOQUIA") notified its subsidiary CEMEX Colombia S.A. ("CEMEX Colombia") that it approved the modification of the environmental license of the plant built by CEMEX Colombia in the municipality of Maceo, Antioquia. This will allow the extraction of 990,000 tons of materials (clay and limestone) and the production of up to 1,500,000 metric tons of cement annually.
This authorization represents an important step for the project's future operation, allowing to continue with the following pending activities that will enable the possibility of starting operations: the construction of the access road to the plant; the completion of pending actions of the project; and the commissioning of the cement plant.
"The modification of the environmental license is a milestone that allows us to resume work to make this project a reality, through which it is expected that we will offer our materials for infrastructure and housing works in the country more efficiently," said Alejandro Ramírez, president of CEMEX Colombia and Peru.
CEMEX Colombia also commits to expand and adapt habitats' fauna and flora, and to enrich and restore areas that support biodiversity. It will also continue to generate activities that improve employment, and the general welfare of the community, seeking to contribute to the economic and social development of the municipality of Maceo.
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