Printer Friendly

NORTHERN CEMEX.

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.
COPYRIGHT 2001 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Author:DEMPSEY, MARY
Publication:Latin Trade
Date:Jan 1, 2001
Words:88
Previous Article:SEATBELT RECALL.
Next Article:Smoke Screen or Peace Pipe?
Topics:


Related Articles
Mixing Salsa with Islam.
From cement to services: Cemex's Lorenzo Zambrano revolutionized the low-tech cement business by investing in technology; now companies want to buy...
Cemex: mastering the art of acquisitions.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters