Cemex re-organises its Cementos Chihuahua investments

Grupo Cementos de Chihuahua’s ownership is being restructured, with Cemex taking a 23 per cent direct stake as well as a minority interest in Camcem, which will be the majority shareholder in Cementos de Chihuahua. Cementos de Chihuahua will remain a quoted company.

Cementos de Chihuahua saw its turnover for the first six months decline by 1.4 per cent to US$333.4m, with the US operations registering a 4.2 per cent improvement to US$235.4m, while the Mexican activities registered a 13.3 per cent reduction to US$88m, though in local currency there was a 3.3 per cent improvement.

The originally-planned disposal of two cement works and three cement terminals was well as certain ready-mixed concrete and aggregates activities in Texas and New Mexico by Cemex to Cementos de Chihuahua for US$400m was been reduced to US$306m by the exclusion of the Lyons (CO) cement works and the Florence (CO) cement terminal.