Cemex set to divest assets in the US

By Mike Hayes04 May 2016

cemex

cemex

Mexican-based building materials company Cemex is divesting a number of its US assets, totalling US$ 400 million.

The company will part with assets including cement plants in Odessa, Texas and Lyons, Colorado, as well as three cement terminals and a building materials business in El Paso, Texas and Las Cruces, New Mexico.

Subject to binding agreements, due diligence and approvals – the sale will be made to a US affiliate of Grupo Cementos de Chihuahua (GCC), another Mexico-based cement manufacturer.

Cemex has also announced its development of a fire- and explosion-resistant concrete.

The solution was apparently designed by Cemex, specifically for the Proyecto Q Data Processing Center of the Santander Group, at increased risk of damage following the construction of a nearby gas station.

CEMEX in Mexico supplied 3,000 cubic metres of a high-strength structural concrete with special raw materials that increase its fire resistance.

Latest News
Save the dates for D&Ri’s 2021 webinars
D&Ri to host online events in April and September following successful launch in 2020
Column: Equipment inspections
Kevin O’Shea, director of safety and training, AGF Access Group, discusses how equipment inspections are a crucial process
Cranes disassemble conveyor belt
A Demag CC 3800-1 crawler, plus Demag AC 140, AC 160 and AC 800 all terrain cranes, dismantle a conveyor belt at Italian power station