Mexico's Cemex to build $340 mln plant in Colombia

jueves 14 de agosto de 2014 13:05 GYT

MEXICO CITY Aug 14 (Reuters) - Mexican cement maker Cemex on Thursday said it will start building a $340 million plant in Colombia to increase production there by 22 percent to 5.5 million tons per year.

The company's Colombia-based Latam Holdings unit expects the new plant to begin producing cement in the second quarter of 2015, according to a statement.

The plant will be financed with Cemex Latam Holdings' free cash flow, Cemex said. (Reporting by Elinor Comlay; Editing by Chris Reese)