Cemex buys port in Louisiana

Cemex buys port in Louisiana
Published: 01 July 2009

Cemex has reportedly purchased a port terminal in Louisiana from Spanish producer Uniland to ship and unload its products, Mexican paper El Semanario reported.

While the information did not provide any price details, the operation takes place in the midst of the company’s talks to renegotiate roughly US$14.5bn in debt.

Uniland is facing a difficult situation with the decrease of cement consumption in Spain, which provides 62% of its revenues, the report said.