Mexican Company Could Benefit From Construction Of Border Wall
While Mexico has said it would never agree to pay for the border wall proposed by Republican presidential nominee Donald Trump, analysts say a Mexican company could profit from its construction.
CEMEX is a global leader in cement construction with production plants all along the U.S.-Mexico border. For this reason, analysts with the investment research firm Sanford C. Bernstein & Co. predict it's well positioned to supply materials for a border wall. Their research concludes that concrete is the most cost effective material for the 40-foot wall proposed by Trump.
"We believe that there aren't really any alternatives that would work other than a concrete wall built of precast concrete panels," said analyst Nick Timpson. "It's the same as they used for the West Bank barrier, the Berlin Wall was concrete."
In a report released Friday, researchers also highlight other potential suppliers, such as the U.S. based CalPortland Company, Inc., located within 200 miles of the border. They estimate building a wall could cost at least $15 billion and require 2.4 million tons of cement.
