CEMEX Divests Aggregates Operations in Kentucky and Missouri.Business Editors MONTERREY, Mexico--(BUSINESS WIRE)--Dec. 18, 2001 CEMEX CEMEX Cementos Mexicanos , S.A. de C.V (NYSE NYSE See: New York Stock Exchange :CX), one of the largest cement companies in the world, announced today an agreement to sell its aggregates operations in Kentucky and Missouri to Rinker Materials Corporation. The sale price is $42 million plus working capital, and the sale is expected to close on December 28. With an annual production of 3.2 million short tons, the Kentucky aggregate operations consist of four quarries Quarries may refer to:
1 City (1990 pop. 40,641), seat of Warren co., S Ky., on the Barren River; inc. 1812. It is a shipping and marketing center for an area producing tobacco, corn, livestock, and dairy items. North, Bowling Green South, Hartford, and Bardstown), while the Missouri operations consist of one quarry Quarry Cerynean stag captured by Hercules as third Labor. [Gk. and Rom. Myth.: Hall, 149] Cretan bull savage bull caught by Hercules as seventh Labor. [Gk. in Columbia. "Although the Kentucky and Missouri quarries are well run and profitable, they have relatively limited strategic value for CEMEX," said Gilberto Perez, President of CEMEX's U.S. Operations. The Kentucky and Missouri quarries were acquired by CEMEX in November 2000 as part of its acquisition of Southdown. CEMEX is a leading global producer and marketer of cement and ready-mix products, with operations primarily concentrated in the world's most dynamic cement markets across five continents. CEMEX combines a deep knowledge of the local markets with its global network and information technology systems to provide world-class products and services to its customers, from individual homebuilders to large industrial contractors. For more information, visit www.cemex.com. |
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