Cemex closes sale of quarries, assets for $420 mln

2010-02-22T07:15:35Z

<div id="subtitle">Cemex closes sale of quarries, assets to investment firm for $420 million</div><div><p>Mexican building supplies giant Cemex SAB de CV said Monday that a joint venture in which it has a 49.9 percent stake has completed the sale of 12 active quarries in the United States and other assets for $420 million.</p><p>The assets are ...

Cemex USA wins court ruling in $558M royalty fight

2010-02-23T12:30:56Z

<div id="subtitle">Texas judge: Cemex USA doesn't have to pay $558M in mineral royalties; state plans appeal</div><div><p>Cement and building materials maker Cemex USA said on Tuesday that it has won a legal ruling over $558 million in mineral royalties sought by the state of Texas.&...

HARD TIMES EASE FOR A CEMENT KING

2010-02-24T09:32:22Z

<div><h1>HARD TIMES EASE FOR A CEMENT KING </h1><p>For the head of a company that has just been through the worst stretch in its century-plus history, Lorenzo H. Zambrano is awfully cheerful. Over the past year the CEO of Mexican cement giant Cemex has seen the company's stock collapse, its investment-grade rating ...

Cemex completes $1.7B sale of Australian assets

2010-02-25T00:00:37Z

<div id="subtitle">Cemex completes $1.7B sale of Australian operations to Holcim in effort to build liquidity</div><div><p>Building materials giant Cemex SAB de CV said Thursday it completed the sale of its Australian operations to Holcim Group for proceeds of about $1.7 billion.</p><p>The company sai...

Wall Street

2009-09-23T08:17:25Z

Anthony Rinaldi, left, of LaBranche & Co. and James Kay of J.P. Morgan Securities trade shares in Cemex, which was raising $1.55 billion to pay down debt, on the floor of the

A worker walks near cement trucks of the Mexican company Cemex in Mexico City

2009-09-04T11:45:49Z

A worker walks near cement trucks of the Mexican Cemex company in Mexico City September 4, 2009. Shareholders of Cemex, the world's number three cement producer, approved a plan on Friday to create more than one billion U.S. dollars worth of new shares and hold a public offer or issue a convertible bond within two years. REUTE...

Mexico's Cemex refinances debt for $15 bln

2010-02-25T20:17:48Z

<div><p>Mexico's Cemex, the world's third largest cement company, announced Friday that it has refinanced 15 billion dollars of its debt consolidated with 75 international banks.</p><p>"The refinancing plan extends the maturities of approximately 15 billion dollars in syndicated and bilateral obligations with approximately 75 banks and pr...

Holcim buys Cemex's Australia business for $1.62B

2010-02-26T21:14:31Z

<div id="subtitle">Swiss cement maker Holcim buys Mexican rival Cemex's Australia business for $1.62BN</div><div><p>Swiss cement maker Holcim AG said Monday it is buying the Australian operations of Mexican rival Cemex SAB de CV for about 2.02 billion Australian dollars ($1.62 bi...

Mexico's Cemex posts $707 million 4th-quarter loss

2010-03-02T14:59:28Z

<div id="subtitle">Mexican cement giant Cemex posts loss of $707 million in 4th quarter</div><div><p>Mexico's Cemex SAB, the world's third-largest cement company, lost $707 million in the fourth quarter of 2008 — its first quarterly loss in a decade, the company said Thursday.</p><p>Full-year profits were down ...

Cemex sells Canary Island operations

2010-02-28T22:17:45Z

<div id="subtitle">Cemex sells Canary Island operations for $226 million</div><div><p>Mexican cement giant Cemex SAB has sold its Canary Islands operations to Spain's Cimpor Inversiones SA for $226.8 million ...

Report: Cemex to unload shares in Trinidad firm

2010-02-28T23:16:10Z

<div id="subtitle">Report: Mexico's Cemex to unload its 20 percent share in Trinidad cement company</div><div><p>Mexico's Cemex SAB is reportedly preparing to unload its 20 percent share in Trinidad Cement Limited, the largest individual stake in the company.</...

Cemex expects 23 percent sales drop in 4th quarter

2010-03-01T02:29:01Z

<div id="subtitle">Mexico's Cemex expects 23 percent sales drop in 4th quarter</div><div><p>Cemex SAB, the world's third largest cement maker, announced Tuesday it expects a plunge in sales during the fourth quarter amid the nationalization of its Venezuelan plants and a downturn in the U.S. construction industry.</p>&lt...

Mexico's cement giant Cemex swaps short-term debt

2010-03-01T04:16:11Z

<div id="subtitle">Mexico's cement giant Cemex swaps short-term debt for longer-term notes</div><div><p>Shares of Mexican cement giant Cemex are down after the company announced it swapped less than 20 percent of its short-term debt for longer-term notes.</p><p>The ...

Cemex: World Bank unit to hear Venezuela dispute

2010-03-01T07:09:36Z

<div id="subtitle">Mexico's Cemex says World Bank division to hear claim against Venezuela nationalization</div><div><p>A World Bank arbitration division has agreed to consider a complaint by Mexican cement giant Cemex...

Cemex seeks arbitration over Venezuela nationalization

2010-03-01T07:14:35Z

<div><p>Mexico's Cemex, the world's third largest cement producer, has sought World Bank arbitration over Caracas's nationalization of its Venezuelan operations, a company spokesman said Thursday.</p><p>"Cemex presented it...

Construction workers bear brunt of pre-Christmas downturn

2010-03-01T19:21:40Z

<div><p><em class="bold">Case study 1: Colin Patten, process controller, Cemex cement plant</em></p><p>The clouds that followed the sunshine over the Cemex cement plant in Cambridgeshire echoed the news that 87 employees face redundancy as ...

Chavez orders cement nationalization

2010-03-04T00:47:41Z

<div id="subtitle">Venezuelan President Hugo Chavez Orders Nationalization of Cement Industry</div><div><p>President Hugo Chavez on Thursday ordered the nationalization of Venezuela's cement industry, saying his government cannot allow businesses to continue exporting raw materials needed to help tackle a domestic housing shortage.&...

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