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Elementia Announces Development of Grinding Facility in Yucatan, Mexico, In Line with Cement Division Expansion Strategy

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  • Total investment could reach USD 30 million and initiates with
    production line with an installed capacity of over 250,000 tons per
    year
  • Commercial operations are expected to begin by end of first half of
    2019, under the Fortaleza brand

Elementia, S.A.B. de C.V. (BMV: ELEMENT*) ("the Company", or
"Elementia"), announced today the development of a cement grinding
facility in Yucatan, Mexico; with a total investment potentially
reaching USD 30 million, starting with a production line that has an
installed capacity of over 250,000 tons per year.

In line with Fortaleza's commercial strategy, the cement produced in
Yucatan will be top market quality and will have minimal environmental
impact. This new cement plant is expected to begin commercial operations
by the end of the first half of 2019.

The project is part of the Company's previously announced profitable
growth strategy focused on countries were it currently operates.
Elementia once again bets on the Mexican market through the announcement
of this new investment project.

Elementia currently has cement operations in the U.S., Mexico and Costa
Rica through several brands, such as Cementos Fortaleza, Giant Cement,
Keystone Cement, Dragon Cement and Cementos Fortaleza by Plycem.

About Elementia

Elementia is a major manufacturer of semi-finished copper, alloy, fiber
cement, cement, and plastic products offering innovative constructive
solutions that redefine the concept of constructive evolution. Our
state-of-the-art rotomolding technology, Eureka®, preserves the most
important resource we have: water; which runs through our Nacobre® pipe
systems. In addition, more than 65 years of experience of our Nacobre®
brand, allows gas installations to be used in a safely manner. Elementia
has grown organically, and through strategic mergers and acquisitions,
creating an integrated platform of more than 4,000 products. Through
Cementos Fortaleza®, and the strategic acquisitions of Giant®, Keystone®
and Dragon® cement, we give structure to foundations, columns, floors
and ceilings of houses, shopping malls, offices, hospitals, etc., both
in Mexico and the U.S. Elementia has more than 6,000 employees,
operating presence in nine countries and a wide distribution network.
Innovative and versatile panels manufactured by Allura®, Plycem®,
Eternit®, Duralit® and Fibraforte®, offer fiber cement technology
advantages in decorative façades, wooden simulation decks, traditional
roof tiles and state-of-the-art ceilings. Elementia is the largest fiber
cement producer in Latin America and second largest player in the U.S.

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