Equity Analysis /
Mexico

Grupo Cementos de Chihuahua: Flash: Odessa, Texas plant expansion due to favorable market dynamic

  • GCC announced the expansion of Odessa, its Texas plant, which will represent a ~17% rise in total cement production

  • Additionally will generate operating efficiencies, the investment will amount $750 million starting operations in 2025

  • We view as positive that GGC is positioning better in the US market, where higher infrastructure spending is expected

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Banorte
5 August 2022
Published byBanorte

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