Cemex

Cemex has reached an agreement with the Venezuelan government and its cement arm, Corporación Socialista del Cemento, for the assets that were nationalised. Cemex will be receiving US$240m in cash and US$360m of negotiable securities issued by the state oil company Petroleos de Venezuela (PDVSA).

The Cemex Philippines subsidiary Apo Cement has concluded an agreement with Naga City and FDRCON to take approximately 10t of non-biodegradable waste per day for burning in its kilns.