According to Reuters, shares in Cemex dropped by more than 8% on 20 January, punished by a record low peso exchange rate that increases its debt load.
Cemex is hampered by a heavy dollar-denominated debt load from its 2007 purchase of Australian building products company Rinker, and has been focusing on reducing debt in a bid to regain an investment-grade rating by 2018.
The peso hit a record low on 20 Janury, reaching 18.6 pesos to the dollar.
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Skourides I. and Petrou S., Vassiliko Cement, and Akritopoulos M. P. and Abbas T., Cinar, discuss an innovative project at the Vasilliko cement plant, using MI-CFD analysis to reduce NOx emissions generated in the calciner.