In an effort to stop the illegal influx of immigrants and contrabands, the Mexican Wall will push through, as promised by the president-elect, Donald Trump. Trump suggested to share construction expenses but the Mexicans find it fanciful. Trump responded with the increase in tariff and border taxes. He already signed a presidential decree for the project.
The Mexican Wall stretches to 2,000 miles (3,200 kilometers) bordering the US and Mexico. Some parts of the barrier are already fenced. Trump wants it walled to stop the crossings from Latin America, in reports made by Yahoo News.
On the business side of this ordinance, contractors and material and services suppliers will benefit from this build up. One to take advantage of this construction is the maker of cement. The Mexican Cement manufacturer will make a fat profit off their product. Vulcan Materials Corporation, the biggest supplier of Sand and gravel will get a share of the materials supply, as reported by The Guardian.
The biggest taker of the cement supply is CEMEX cement. The Company has botching plants from both sides of the fence. The Mexican Wall will have a budget of about $15 billion. Cemex shares of stocks leaped to 2.6%, the best performance among its peers. With its shares up by 18% last Tuesday, it has never been more promising as Trump aims to spend to up to $500 billion in infrastructure says Bloomberg Intelligence analyst, Sonia Baldeira.
Mexican President Enrique Peña Nieto, outraged of the events transpiring and President Trump's decrees, expressed that Mexico will not pay for the wall. The Mexican politicians find it inappropriate and dishonest for a Mexican Company to invest in the Wall building endeavor of President Trump, said Senator Manuel Bartlett, of the Mexican Labor Party.
A construction boom is up ahead in the Trump administration. Estimated cost for cement and other construction aggregates is about $1.2 billion. All building contractors will be appropriated with evenly spread contracts. Prime movers of materials and delivery will see their business surge when the Mexican wall begins construction. Shares of stocks for these companies rose up as well, reports Bloomberg.
