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TMeGF%3W 1'%C f %AX M <br />SAM vdLrWas in <br />MWic =intl^efirst hdf <br />Cf 2=4 v%m 19AV10 <br />Despite the economic slowdown in Mexico during the second half of the year, the <br />Mexico Division posted 1.9% growth in its revenue, which reached a record figure of <br />$2,026.3 million pesos. Sales in this division represented 58.5% of Grupo Cementos de <br />Chihuahua total revenue, compared to 69.1% in 2000, the result of a better revenue mix, <br />stemming from growth in the U.S. Division. <br />Of the Mexico Division's revenue, cement and ready-mix concrete sales account for <br />45.1 % and 29.3%, respectively. Concrete block sales represented 7.7% of the division's <br />sales, compared with 5.5% in 2000, while sales of aggregates represented 4.0%. The <br />rest of the division's revenue came from sales of other building materials and GCC real <br />estate operations. <br />Mexico Cement Sales <br />thousands of metric tons <br />0 <br />M <br />r <br />98 99 <br />C.01 1 <br />00 1 OI <br />Cement sales volumes in the Mexico Division represented 50.7% of <br />the total cement volume sold by GCC in 2001. This includes cement <br />exports to the United States from the Samalayuca plant. Thus, utilized <br />production capacity in the plants located in Mexico, Samalayuca, <br />Chihuahua and Juarez was approximately 79%. <br />The growth of cement sales volumes in Mexico in the first half of <br />2001 was 19.4%, compared to the same period of 2000, due to <br />intense public and private construction works in the state of <br />Chihuahua. However, in the second half of the year, due to the eco- <br />nomic situation in Mexico, resulting from the economic slowdown in <br />the U.S., the annual growth rate of the construction industry in the <br />state of Chihuahua was 3.4%. <br />As part of the strategy to increase the profitability of GCC opera- <br />tions, the Chihuahua and Samalayuca cement plants reduced their heat <br />consumption due to greater efficiency in their production systems. In <br />addition, we concluded the fuel replacement project for the Samalayuca <br />plant production process. As a result, the plant will achieve its objective <br />to obtain its lowest cement production cost by having the flexibility to