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Add another line to Lorenzo Zambrano's resume. The 55-year-old CEO of Mexico's largest cement company, Cemex, made history with the purchase of the Southdown, the United States' second largest cement maker. The US$2.8 billion deal marks the biggest acquisition ever for a Mexican company.

Cemex will issue company bonds to help finance the purchase of the Houston-based company, which has an annual cement production capacity of around 11 million tons. Cemex, operating in 22 countries, hopes to double its production capacity over the next five years.
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Publication:Latin Trade
Date:Jan 1, 2001
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