CEMEX Signs Cement Supply Agreement for the
Panama Canal Expansion Project
July 13, 2010 05:03 PM Eastern Daylight Time
MONTERREY, Mexico & CIUDAD DE PANAMA, Panama--(EON: Enhanced Online News)--CEMEX,
S.A.B. de C.V. (NYSE: CX) announced today the signing of a supply contract with “Consorcio Grupo Unidos
por el Canal”, the primary contractor for the construction of the third set of locks of the Panama Canal expansion
project. The supply contract calls for approximately 500 thousand tons of cement.
The CEMEX contract represents an integral phase of the Canal expansion project, which includes two locks, the
excavation of access channels to the new locks and the widening and deepening of navigational channels.
”We are proud to have been selected to be part of the Canal expansion project, which has real promise to be a
catalyst for development for the Country of Panama," said Jesus Gonzalez, president of CEMEX Central America.
"As part of the contract, CEMEX will provide specially designed products for the engineering requirements of the
work and ensure supply, a result of investing in expanding our production capacity since 2008. We at CEMEX look
forward to being part of Panama’s growth.”
Over the past two years, CEMEX has invested approximately $300 million in its Panamanian operations, including
its plant where it has tripled its cement production capacity. With this expansion, CEMEX will successfully satisfy the
needs of building materials of the Panama Canal expansion project and the requirements of the projects that are part
of Panamanian Government's investment plan.
CEMEX is a global building materials company that provides high-quality products and reliable service to customers
and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-
being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to
promote a sustainable future. For more information, visit www.cemex.co