Cemex completes sale of assets
Published by Rebecca Bowden,
Assistant Editor
World Cement,
Cemex has announced that it has closed the sale of certain assets in the US to Grupp Cementos de Chihuahua, for approximately US$306 million.
The proceeds will primarily be used for debt reduction and for general corporate purposes.
The assets sold by an affiliate of Cemex in the US to an affiliate of GCC in the US consist of Cemex’s cement plant in Odessa, Texas, two cement terminals and the building materials business in El Paso, Texas, and Las Cruces, New Mexico.
Read the article online at: https://www.worldcement.com/the-americas/21112016/cemex-completes-sale-of-assets/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Asian cement and steel companies will not survive rising carbon prices
Asian carbon emitting companies will see consistent negative margins in the next decade if they do not decarbonise, a new report from Imperial College Business School has concluded.
