Cemex, S.A.B. de C.V. has announced that it has closed the sale of its operations in Bangladesh and Thailand to Siam City Cement Public Company Limited for approximately US$53 million.
The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.
Celebrating its 110th anniversary, Cemex has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.
Holcim and Cemex have announced the completion of their series of transactions in Europe, which includes operations in western Germany, the Czech Republic and Spain.
Cemex and BirdLife, who formed a global biodiversity conservation partnership in 2007, held a ceremony endorsing the European Union’s Nature Conservation Policy.
As part of a new co-processing agreement, Cemex uses the non-recyclable waste produced at GM Motors’ San Luis Potosi complex in Mexico as a form of alternative fuel in its cement plants.