February 10, 2010
(Stock Blog Hub,
11/25/09)
CEMEX, S.A.B. de C.V. (CX) announced the installation of the 167 wind turbines in the EURUS wind farm, which was completed on Nov 15, 2009 in Juchitan, Oaxaca, Mexico. EURUS...(read more)
(Stock Blog Hub,
11/3/09)
Recently, Mexican cement maker CEMEX S.A.B. de C.V. (CX) posted decent results for the third quarter of 2009, considering the difficult economy.
Net sales decreased to US$4.2 billion...(read more)
(EPIC INVESTOR,
7/7/09)
Don't believe everything you read out there. Errors, omissions and mistakes abound. Here's is this week's example. Consider this news article by Zacks, "Brazilian Manufacturers Slightly...(read more)
Cemex S.A.B. de C.V. (CX) Company Overview
CEMEX, S.A. de C.V. (CX) is a leading global producer of cement and ready-mix products, with operations concentrated in major cement markets on four continents. CEMEX serves clients ranging from individual homebuilders to large industrial contractors. CEMEX mainly manufactures where it sells, but it also exports from some of its facilities. The company's official strategy is to concentrate on markets where the demand for housing, roads and other needed infrastructure is greatest. CEMEX also seeks to maintain high growth by using its free cash flow for selective investments that further its geographic diversification. On September 27, 2004, CEMEX announced its plans to acquire RMC Group, a British cement company. On November 17, 2004, RMC Group PLC recommended acquisition by CEMEX UK, Ltd., a subsidiary of CEMEX, and received RMC shareholder approval. CEMEX paid US$4.1 billion in cash, plus debt assumption of US$1.7 billion. The acquisition was 100% financed with new debt fully backed by Citigroup and Goldman Sachs. CEMEX announced on October 27, 2006, the bid for an acquisition of all the outstanding shares of the Australian building material company Rinker (RIN). On April 9, 2007 CEMEX announced it had reached a signed agreement with Rinker in order to close the deal. CEMEX's subsidiaries include the Rinker Group. (Read more at Wikinvest )
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