Cemex sells operations in Bangladesh and Thailand to Siam City Cement

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Mexico/Thailand/Bangladesh: Cemex has signed an agreement for the sale of its operations in Bangladesh and Thailand to Siam City Cement for US$53m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The deal is expected to be finalised in the second quarter of 2016 subject to regulatory approval.

Cemex runs a 0.8Mt/yr integrated cement plant in Saraburi, Thailand. The plant was originally purchased from Saraburi Cement for US$77m in 2001. Cemex operates a 0.52Mt/yr cement grinding plant in Madangonj, Bangladesh.

Last modified on 16 March 2016

URL: https://globalcement.com/news/item/4700-cemex-sells-operations-in-bangladesh-and-thailand-to-siam-city-cement

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