A change of strategy: Cemex to sell some US assets

A change of strategy: Cemex to sell some US assets
Published: 06 May 2016

Tagged Under: USA Cemex Weekly Newsletter 

Cemex, the Mexican giant of the cement world, announced this week that it intends to further reduce its exposure in the USA by selling US$400m worth of assets to a US subsidiary of fellow Mexican Grupo Cementos de Chihuahua. Is this part of a long-term plan to pull business out of the USA, to reduce debt or is Cemex reluctantly selling cement capacity in a country that the PCA has forecast will see a 3.4 per cent rise in cement consumption in 2016?











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