CEMEX closes divestment of its Buñol white cement plant
Published by Emily Thomas,
Deputy Editor
World Cement,
CEMEX has announced that it has successfully closed the previously announced sale of its white cement business, including its Buñol cement plant in Spain, to Çimsa Çimento Sanayi Ve Ticaret A.S., for a total consideration of approximately US$155 million.
CEMEX will retain its white cement assets, business activities and investments in Mexico and the United States, as these are not part of the announced divestment.
Proceeds from this divestment will be used primarily to fund the company’s bolt-on investment growth strategy in its core businesses and geographies, as well as to reduce debt.
Read the article online at: https://www.worldcement.com/europe-cis/12072021/cemex-closes-divestment-of-its-buol-white-cement-plant/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Amrize debuts as independent, publicly traded company
Amrize announces its debut today as an independent, publicly traded company with the completion of its 100% spin-off from Holcim.
