Cemex to Buy Indian Company for $550 Million
2010-11-23 00:00:00
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, the world's third largest cement producer, will buy the cement business of India's Murli Industries at a cost of 550 million US < FONT face = Verdana > yuan, 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 has a 3 million tonne per year cement plant in Maharashtra state in western India, the Economic < FONT face = Verdana > Times said. The company is planning to build two cement plants with an annual capacity of 3 million tons. < BR > (Please indicate the source for reprinting on China Cement Net)
Correlation
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.
2010-11-23 00:00:00
CEMPI
94.8
0 0%
CONCPI
88.80
-0.64 -0.72%
CLKPI
97.46
0.00 0.00%
SPPI
44.52
-0.26 -0.58%
MORPI
73.32
0.00 0.00%
On June 17, Conch Cement answered questions from investors on the interactive platform, saying that the market price of cement mainly depends on the relationship between supply and demand in the market, and there are differences in the relationship between supply and demand in the market among regions. The market price trend in the second half of the year depends on the recovery of the relationship between supply and demand in the market.
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