Cemex: Intends to Buy Indian Company for $550 Million

2010-11-23 00:00:00
< P > < FONT face = Verdana > Cemex, the world's third-largest cement producer, will buy the cement business of India's Murli Industries for $550 million, the Economic Times reported.

< P > < FONT face = Verdana > Cemex finally made the offer after months of negotiations, the report said, citing a person familiar with the matter.

< P > < FONT face = Verdana > According to the above understanding, the purchase price has not yet been finalized, and the final price depends on the trend of cement prices in the market.

< P > < FONT face = Verdana > Murli Industries, which has a 3 million tonne per year cement plant in Maharashtra province in western India, is planning to build two cement plants with an annual capacity of 3 million tonnes each, the Economic Times said.


(Please indicate the source for reprinting on China Concrete and Cement Products Website)
All can be viewed after purchase

In terms of net profit, 10 of the 19 enterprises suffered losses, more than half of the losses, and the net profit of 12 of the 19 enterprises decreased year on year, and the depth of the loss side far exceeded the profit side.