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
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
World Cement Spotlight with Dracyon Corp
In this latest World Cement Spotlight Interview, Senior Editor David Bizley is joined by Jeff Shelton of Dracyon Corp.
