Cemex Plans Dubai Plant

Mexican cement producer, Cemex, has announced it is to invest $50 million in building a new grinding facility in Dubai, UAE, to meet growing local demand for its product. Construction is due to be completed in 2007, taking production capacity in the region to 1.6 million metric tonnes. The money to be invested is part of $500 million allocated by the company this year towards its worldwide capital expansion program. Cemex began operations in UAE last March when it acquired British RMC Group. Its operations there focus on ready-mix concrete production and ground slag supply to the booming local construction industry.