Cemex closes Bangladesh and Thailand transaction

Byjirong

Updated Tue, 07 Jun 2016 15:18:20 GMT

Cemex, S.A.B. de C.V. has announced that it has closed the sale of its operations in Bangladesh and Thailand to Siam City Cement Public Company Limited for approximately US$53 million.

The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.

Celebrating its 110th anniversary, Cemex has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.