CEMEX Enters Taiwan Market.Business Editors MONTERREY, Mexico--(BUSINESS WIRE)--April 4, 2000 CEMEX CEMEX Cementos Mexicanos , S.A. de C.V. (NYSE NYSE See: New York Stock Exchange :CX), through its Philippine affiliate, formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. an exclusive long-term distributorship agreement with Universe Cement of Taiwan. This agreement signals CEMEX's entrance into the Taiwan cement market and reinforces its presence in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. . The agreement covers an estimated 900,000 metric tons per year in sales in one of Southeast Asia's most dynamic markets. The cement distributed pursuant to the agreement will originate from CEMEX's affiliate in the Philippines, Semen Gresik of Indonesia, or other countries in the region. Universe Cement's terminals in Keelung and Taichung are strategically positioned to service Taiwan's key markets, including Taipei and Central Taiwan. CEMEX will also provide technical support to Universe Cement to assist in optimizing its operations. Founded in 1906, CEMEX is one of the three largest cement companies in the world, with approximately 65 million metric tons of production capacity. Through operating subsidiaries positioned in four different continents, CEMEX is engaged in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, and clinker clink·er n. 1. The incombustible residue, fused into an irregular lump, that remains after the combustion of coal. 2. A partially vitrified brick or a mass of bricks fused together. 3. . In addition, the company is the world's leading producer of white cement and the world's largest trader of cement and clinker. |
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