Cemex Latam Holdings (CLH) is to invest US$55 million (€39.64 million) to develop a cement plant in Ciudad Sandino, Nicaragua, that will raise its cement production capacity in the country by 104%, reaching 860,000 tonnes in 2017.
A first phase, costing $30 million, will increase cement production capacity by 220,000tonnes and it should be completed in mid-2015, while a second stage, costing $25 million will raise production by an additional 220,000 tonnes.
The latter will be finished at the end of 20