CEMEX participates in macro infrastructure projects at Suez Canal in Egypt - CEMEX participates in macro infrastructure projects at Suez Canal in Egypt
May 23, 2018
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it is supplying over 500,000 cubic meters of concrete and approximately 760,000 tons of cement for major infrastructure projects related to the main canal in Egypt, the Suez Canal. These projects involve the construction of tunnels to connect Egypt’s mainland to the Sinai Peninsula and the development of a commercial seaport.
Through a joint venture with Orascom Construction and The Arab Contractors (Osman Ahmed Osman & Co.), CEMEX is supplying 350,000 cubic meters of concrete and 160,000 tons of cement for the construction of two tunnels that extend from the outskirts of the city of Port-Said in northeast Egypt to the Sinai Peninsula, passing under the Suez Canal. The construction of the two 4-kilometer tunnels required the installation of three ready-mix batch plants on site to fulfil the project’s concrete demands.
This project is part of the Egyptian government’s plan for the development of the Sinai Peninsula by improving accessibility. Historically, the only access to Sinai was through a single tunnel, slowing development possibilities and hindering transportation to and from Egypt’s mainland.
“As one of the main building materials suppliers, we take great pride in our participation in the development of these major infrastructure projects that will make a direct, positive impact on Egypt,” said Tarek Hammam, Vice President of Ready Mix & Institutional Sales, CEMEX Egypt. “At CEMEX, our goal is to exceed our customers’ expectations by providing high-quality, resilient building materials together with a superior customer experience.”
Additionally, CEMEX is participating in the transformation of the Suez Canal area by supplying 132,000 cubic meters of concrete and 600,000 tons of cement for the development of the commercial East Port Said seaport, a 4.5-kilometer construction area.
CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.cemex.com
CEMEX assumes no obligation to update or correct the information contained in this press release.