Cemex signs 10-year outsourcing deal with IBM

Cemex announced it has signed a 10-year services deal with International Business Machines Corp (IBM) that will help it save close to US$1bn during the lifetime of the contract.??IBM will provide Cemex with business process and information technology services.

The deal includes: finance and accounting, and human resource back-office services, as well as IT infrastructure, application development and maintenance services.

"This agreement with IBM will enable Cemex to focus on its core businesses of cement, ready-mix concrete, and aggregates, improve its financial position and respond more quickly to changing market needs," Chief Executive Lorenzo Zambrano said.