North America (Non-US/Canada)
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CEMEX SAB de CV engages in the production, distribution, marketing, and sale of cement, ready-mix concrete, and aggregates. It operates though the following geographical segments: Mexico; United States; Europe; South, Central America and the Caribbean; Asia, Middle East and Africa; and Others. Read More The Europe segment covers United Kingdom, Germany, France, Spain, and Czech Republic, Poland and Latvia, as well as trading activities in Scandinavia and Finland. The United States segment consists of the recognition of deferred income tax assets in CEMEX's operations. The South Central America and the Caribbean include Colombia, and the rest of South, Central America and the Caribbean such as Costa Rica, Panama, Puerto Rico, the Dominican Republic, Nicaragua, Jamaica and other countries in the Caribbean, Guatemala and small ready-mix concrete operations in Argentina. The Asia, Middle East and Africa segment includes Egypt, Philippines, United Arab Emirates, Israel, and Malaysia. The Others segment refers to the cement trade maritime operations, information technology solutions business, and other corporate entities as well as other minor subsidiaries with different lines of business. The company was founded by Lorenzo Zambrano Gutierrez in 1906 and is headquartered in San Pedro Garza Garcia, Mexico.
San Pedro Garza García, Nuevo Leon
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North America (Non-US/Canada)
CEMEX Makes Significant Progress in Asset Disposal Program
MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today it is making significant progress in its divestment initiative which is part of “A Stronger CEMEX”, a previously announced enhancement plan, by having closed or reached binding agreements for sales of approximately U.S.$750 million, which represents 50% of the low end of the December 2020 divestment target range.
Çimsa to Buy CEMEX Buñol White Cement Plant in Spain for US$180 Million
ISTANBUL, March 21, 2019 /PRNewswire/ -- Çimsa, a subsidiary of Sabancı Holding, is becoming the global leader in white cement. Mexican company CEMEX, one of the world's leading cement producers, has agreed to sign a 'binding agreement' for the sale of its Buñol White Cement Plant in Valencia (Spain) to Çimsa for US$180 million. The sale is expected to be completed in the second half of 2019. Following this acquisition, Çimsa, which is already the prominent European white cement player, capacity wise, will ...
CEMEX to sell white cement business for $180M
CEMEX (CX -1.3% ) says it reached a binding agreement to sell its white cement business, including its Buñol cement plant in Spain, to Cimsa Cimento Sanayi Ve Ticaret for $180M. The proposed divestment does not include CX's white cement business in Mexico or Lehigh Cement in the U.S. The latest sale comes a day after announcing a deal to sell German aggregates and ready-mix assets to GP Günter Papenburg for €87M....
Expected Apr 25, Pre-Market