SOURCE: CEMEX | July15, 2021
CEMEX, announced today that it has successfully closed the previously announced sale of its white cement business, including its Buñol cement plant in Spain, to Çimsa Çimento Sanayi Ve Ticaret A.S., for a total consideration of approximately U.S.$155 million.
CEMEX will retain its white cement assets, business activities and investments in Mexico and the United States, as these are not part of the announced divestment.
Proceeds from this divestment will be used primarily to fund the company’s bolt-on investment growth strategy in its core businesses and geographies, as well as to reduce debt.
CEMEX is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies.
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