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.

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Sign up for free

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Go to newsletters