Skip to main content

US securities commission investigates new cement plant in Colombia

Published by
World Cement,


According to the latest Reuters report, Cemex has announced that it has received a subpoena from US Securities and Exchange Commission (SEC) seeking information to determine whether there have been any violations of the US Foreign Corrupt Practices Act (FCPA).

Cemex have announced that the subpoena is related to irregularities reported by Cemex regarding the new cement plant being built by Cemex Colombia.

The company has said that at this point it is unable to predict the duration, scope, or outcome of the SEC investigation or any other investigation that may arise.

Cemex does not expect this matter to have a material adverse impact on its consolidated results of operations, liquidity or financial position.

Read the article online at: https://www.worldcement.com/the-americas/13122016/us-securities-commission-investigates-new-cement-plant-in-colombia/

You might also like

 WCT2020

WCT2020

WCT2020 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):


 

This article has been tagged under the following:

Cemex news


 

World Cement is not responsible for the content of external internet sites.