Mexico’s Cemex willing to provide quotes for border wall cement

3/1/2017 Reuters

CEMEXMexico’s Cemex, one of the world’s largest cement producers, is open to providing quotes to supply the raw materials for U.S. President Donald Trump’s promised border wall, its chairman told Reforma newspaper on Wednesday.

Trump repeated on Tuesday a vow that he would soon start building a barrier along the nearly 2,000-mile (3,200 km) U.S.-Mexico border to prevent illegal immigrants and drugs crossing north.

“We will gladly do it,” Cemex board chairman Rogelio Zambrano told the newspaper, when asked if the company would provide a estimate for supplying cement to companies that end up working on the controversial project, potentially worth billions of dollars.

Cemex shares rose more than 6 percent and were the highest performing on the Mexican exchange on Wednesday, outperforming the IPC index which was up 1.3 percent. It was the best one day percent gain in nearly a year for Cemex.

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