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News Cemex sells operations in Guatemala to Holcim

Cemex sells operations in Guatemala to Holcim

Written by Global Cement staff 11 September 2024
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Guatemala: Cemex has sold its operations in Guatemala to Holcim Group for US$200m. The deal includes one grinding mill, three ready-mix plants and five distribution centres. The grinding mill has a capacity of 0.6Mt/yr.

CEO of Cemex Fernando González said "In 2024, we have accelerated the execution of our portfolio rebalancing strategy with the announced sale of more than US$2bn in assets located primarily in emerging markets. We are now primed for the next stage by redeploying most of the divestment proceeds in developed markets, primarily the US. We expect these efforts to drive sustainable growth for our business in the short and medium term."

Last modified on 11 September 2024
Published in Global Cement News
Tagged under
  • Guatemala
  • Cemex
  • Holcim
  • Divestments
  • Sale
  • GCW676
Flender

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