MEXICO CITY--(BUSINESS WIRE)--Elementia, S.A.B. de C.V. (BMV: ELEMENT*) (“the Company”, or “Elementia”), announced today the development of a cement grinding facility in Yucatan, Mexico; with a total investment potentially reaching USD 30 million, starting with a production line that has an installed capacity of over 250,000 tons per year.
In line with Fortaleza’s commercial strategy, the cement produced in Yucatan will be top market quality and will have minimal environmental impact. This new cement plant is expected to begin commercial operations by the end of the first half of 2019.
The project is part of the Company’s previously announced profitable growth strategy focused on countries were it currently operates. Elementia once again bets on the Mexican market through the announcement of this new investment project.
Elementia currently has cement operations in the U.S., Mexico and Costa Rica through several brands, such as Cementos Fortaleza, Giant Cement, Keystone Cement, Dragon Cement and Cementos Fortaleza by Plycem.
Elementia is a major manufacturer of semi-finished copper, alloy, fiber cement, cement, and plastic products offering innovative constructive solutions that redefine the concept of constructive evolution. Our state-of-the-art rotomolding technology, Eureka®, preserves the most important resource we have: water; which runs through our Nacobre® pipe systems. In addition, more than 65 years of experience of our Nacobre® brand, allows gas installations to be used in a safely manner. Elementia has grown organically, and through strategic mergers and acquisitions, creating an integrated platform of more than 4,000 products. Through Cementos Fortaleza®, and the strategic acquisitions of Giant®, Keystone® and Dragon® cement, we give structure to foundations, columns, floors and ceilings of houses, shopping malls, offices, hospitals, etc., both in Mexico and the U.S. Elementia has more than 6,000 employees, operating presence in nine countries and a wide distribution network. Innovative and versatile panels manufactured by Allura®, Plycem®, Eternit®, Duralit® and Fibraforte®, offer fiber cement technology advantages in decorative façades, wooden simulation decks, traditional roof tiles and state-of-the-art ceilings. Elementia is the largest fiber cement producer in Latin America and second largest player in the U.S.