Arab Today, arab today mexicos cemex to sell thai bangladesh operations
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

Mexico's Cemex to sell Thai, Bangladesh operations

Arab Today, arab today

Arab Today, arab today Mexico's Cemex to sell Thai, Bangladesh operations

Cemex employs 43,000 people in more than 50 countries
Mexico City - AFP

Mexico's Cemex, one of the world's biggest cement companies, announced Thursday that it will sell its operations in Bangladesh and Thailand to a Thai firm for $53 million.

The proceeds of the sale to Siam City Cement Public Company Limited will be mainly used to reduce debt and for general corporate purposes, Cemex said in a statement.

Cemex, which employs 43,000 people in more than 50 countries, expects to finalize the divestiture in the second quarter.

The Mexican company, which was badly hit by the 2008 real estate crisis in the United States, returned to profit for the first time in six years in 2015, reporting net income of $75 million.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mexicos cemex to sell thai bangladesh operations Arab Today, arab today mexicos cemex to sell thai bangladesh operations

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mexicos cemex to sell thai bangladesh operations Arab Today, arab today mexicos cemex to sell thai bangladesh operations

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday