Skip to main content

Cemex closes Bangladesh and Thailand transaction

Published by
World Cement,


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.


Edited from source by Joseph Green. Source: Cemex 

Read the article online at: https://www.worldcement.com/asia-pacific-rim/27052016/cemex-closes-bangladesh-thailand-transaction-184/

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):