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. Published under Cement News
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. Published under Cement News
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