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As covid cases continue to drop in Mexico, we expect a recovering demand for delayed constructions. CX is a leading building material company in Mexico, which manufactures and distributes cement, ready-mix concrete and aggregates. We believe that its main business aligns with the domestic trend.
With the current infrastructure bill in the US and the rapid expansion of construction in Tijuana, there is an extreme demand for construction materials and Cemex is one of the top players in this industry. Furthermore, Mexico's population pyramid shows that Mexico has an extremely young population overall, meaning it is likely going to experience continued growth in the coming years.
Cemex (CX) is the largest cement producer outside of the West. Given that urbanization is rapidly growing in developing nations and modernization efforts are still occurring in developed nations, the global demand for concrete is soaring making Cemex a good investment.
Mexican Cement producer. From a macro perspective, the mexican economy stands to benefit the most from the US’s high pace of growth following the re-opening of the economy after COVID-19. The construction sector tracks overall growth very closely, and so it stands to benefit from the economy’s re-opening.