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Mucinno Holding, Inc. Signs Contract with CEMEX S.A.B. de C.V.; a Fortune Global 500 Company
Mucinno Holding, Inc. Signs Contract with CEMEX S.A.B. de C.V.; a Fortune Global 500 Company.
About this update from Mucinno Holding, Inc.
[{"type":"text","content":"Mucinno Holding, Inc. (MCNO) signs contract with CEMEX, S.A.B. de C.V. (CX) to be a supplier of silica sand and a provider of transport services.MEXICO CITY, MX / ACCESSWIRE / October 5, 2021 / Mucinno Holding, Inc. (OTC PINK:MCNO)Mucinno Holding is pleased to announce that it has signed a contract with CEMEX S.A.B. de C.V. This contract is valid until October 2024 with option to renewal. It celebrates the supply and transportation service of silica sand with CEMEX, where it is agreed to supply the cement producer plants located in the center region of Mexico (Atotonilco, Tamuin, Tepeaca and ECSA) with 100,000 tons of silica sand annually. Thanks to the strategic location of the mine, Mucinno Holding is a principal provider of the mentioned plants.Due to the investment of half a billion dollars, Tepeaca is the largest cement plant in the world, increasing its production capacity by 70%. Therefore, in this circuit, we have had an increase on the sand and transport service demand. A continuous increase is expected due to governmental projections and megaprojects.The sand that is agreed to supply is recycled silica sand, collected from foundry residuals. Mucinno Holding has a contract with Amsted Rail to collect their foundry molds made from silica sand. These molds go through a cleaning and screening process to have a raw material that complies with the quality filters of our clients.Mucinno Holding has designated 12 transport units to fulfill the requirement of this contract. These units and their operators have been approved and comply with the high-quality standards and security standards that CEMEX requests from their suppliers.Edgar Mucino Castillo, CEO of Mucinno Holding said: "We are pleased to celebrate this contract with a Fortune company. Our goal with contracts is to build a compliance history to show that we are reliable to keep expanding our services and supply demand."About CEMEX, S.A.B. de C.V.CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities throughout the Americas, Europe, Africa, the Middle East, and Asia. They produce, distribute, and sell cement, ready-mix concrete, aggregates, and related building materials in more than 50 countries, and they maintain trade relationships in approximately 102 nations. It has annual revenu...