Cemex
Cemex sells overseas operations
Cemex signed an agreement to sell its operations in Australia, Hungary and Croatia, as well as its assets in Bosnia, Herzegovina, Montenegro and Serbia. The company sold its operations in Australia and Hungary to the Rohrdorfer Group for about $178… Keep Reading
House passes bill to block Cemex mine in California
The House of Representatives passed a bill aimed at blocking the development of the proposed Cemex sand-and-gravel mine in Canyon Country, Calif., according to the Santa Clarita Valley Signal. Rep. Howard “Buck” McKeon, R-Santa Clarita, has been working for more… Keep Reading
Groups team up to bid for Lafarge-Holcim assets, sources say
Companies are teaming up to bid for all the assets that Lafarge and Holcim must sell in order to carry out their planned merger, says an article on Reuters. According to sources, Irish cement maker CRH has teamed up with… Keep Reading
Mexico’s Cemex beats expectations with first quarterly profit since 2009
Mexico’s Cemex reported a second-quarter profit of $76 million, its first quarterly profit since the financial crisis in 2009. Cemex, one of the world’s largest cement companies, beat analysis expectations of a $79 million loss. A gain on derivatives tied… Keep Reading
Cemex makes executive-level changes
Cemex, whose CEO and chairman of the board died earlier this month, made several changes to its senior-level organization. According to a press release, Cemex's corporate functions will now be organized into six executive vice presidencies, reporting to new CEO… Keep Reading
Cemex names new CEO, chairman
Cemex announced CFO Fernando Gonzalez is the company's new CEO and Rogelio Zambrano Lozano is now chairman of the board. They replace Lorenzo Zambrano, who died May 12 of heart failure. The company had no succession plan in place, according… Keep Reading
Cemex CEO dies, successor not yet named
Cemex Chairman and CEO Lorenzo H. Zambrano died suddenly May 12 at age 70 in Madrid, Spain. Cemex spokesman Francisco Lebrija says he died of heart failure, while in town for a company meeting, according to Bloomberg News. The company… Keep Reading
Cemex forming joint venture company with Concrete Supply
Cemex and Concrete Supply Co. entered into an agreement to form a joint venture company, which will be called Concrete Supply Co. LLC. The transaction is expected to close later this year. The joint venture, which will have a production… Keep Reading
A $100 billion company without a finance department
Accounting. Finance. Human resources. Information technology. All four of these areas are vital for multimillion-dollar companies to function, but Cemex, as Fast Company reports, outsourced those functions last year to IBM as part of a 10-year, $1 billion contract. "What… Keep Reading
