Skip to main content

Cemex to divest operations in Bangladesh and Thailand

Published by
World Cement,


On 10 March 2016 Cemex announced that it will be divesting its operations in Bangladesh and Thailand.

The company announced that it has signed an agreement for the sale of its operations in Bangladesh and Thailand to Siam City Cement Public Company Limited, for approximately US$53 million.

The proceeds from the transaction will primarily be used for the reduction of debt as well as for general corporate purposes.

The closing of the agreement is subject to the satisfaction of the standard conditions for this type of transaction – it is expected that the divestiture will be finalised at some point during 2Q16.


Adapted from press release by

Read the article online at: https://www.worldcement.com/asia-pacific-rim/11032016/cemex-to-divest-operations-in-bangladesh-and-thailand-672/

You might also like

 WCT2020

Optimisation 2020

Optimisation 2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):