Cemex set to divest assets in the US

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.