Cemex planning sales

By Chris Sleight08 May 2008

Cemex has announced plans to sell various businesses in Austria, Hungary and the UK in a bid to reduce its debt burden. The units in question had generated revenues of US$ 456 million last year.

The biggest proposed divestment will be in Australia where Cemex is looking to sell 26 aggregates plants with a total volume of 7.1 million tonnes and 39 ready-mixed concrete plants producing 2 million m3. These businesses had sales of US$ 274 million in 2007.

In Hungary the company wants to sell five aggregates plants with a total volume of 1.8 million tonnes, and 31 ready-mixed concrete plants with a total volume of 0.8 million m3. Cemex is also looking to divest five plants that produce paving stones. These various businesses had total sales of US$ 84 million last year.

The UK assets up for sale are Cemex's flooring, roof tile and rail product businesses, which had sales of US$ 98 million last year.

Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Meeting different requirements in falsework and formwork
Innovation is driving some of the world’s most ambitious infrastructure projects but how are those in the falsework and formwork sector keeping up? Catrin Jones investigates
Online exclusive: Epiroc R&D experts on alternative power, testing, and more
The R&D team at Epiroc talk about what projects they are working on, the testing process and what’s next for the construction industry 
Versatile compact loaders
International Construction looks at innovation in compact loaders
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com