Cemex confirms US plant sale

Cemex confirms US plant sale
Published: 18 November 2004

Cemex announced this week that it has signed a Letter of Intent to sell its Charlevoix, Michigan and Dixon-Marquette, Illinois cement plants to Votorantim Cimentos for US$400m. The transaction is expected to close in the first quarter of 2005.Total production capacity of both cement plants is close to 2Mta and represent about ten per cent of the operating cash flow of  Cemex’s US operations.