09:20 AM EDT, 05/17/2024 (MT Newswires) -- Eagle Materials ( EXP ) said Friday that it will invest $430 million to modernize and expand its cement plant in Laramie, Wyoming, and related distribution facilities.

The investment will increase the plant's annual manufacturing capacity by 50% to 1.2 million tons of cement, cut manufacturing costs by 25%, and reduce carbon dioxide intensity by 20%, Eagle said.

Construction will start immediately with completion expected in H2 of 2026, the company said.

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