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News Cemex shuts up shop in Panama and Colombia

Cemex shuts up shop in Panama and Colombia

Written by Global Cement staff 26 March 2020
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Colombia/Panama: Mexico-based Cemex has announced the suspension of production at all of its plants in Panama and those of its Colombian subsidiary Cemex Latam Holdings from 25 March 2020. It said it ‘may resume certain activities on or before 13 April 2020,’ according to Noticias Financieras News. The NAFTA 2.0 newspaper has included Cemex on a list of Mexico’s companies most exposed due to a large European presence to the impacts of the coronavirus there. Europe is the second-largest market for Cemex’s products, generating 24% of its revenue in 2019.

Last modified on 01 April 2020
Published in Global Cement News
Tagged under
  • Colombia
  • Panama
  • Mexico
  • Cemex
  • Suspension
  • Europe
  • coronavirus
  • impact
  • Sales
  • GCW449
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