Cemex Mexico boss acknowledges 2019 as a difficult year

Written by Global Cement staff 01 October 2019

Mexico: Ricardo Naya Barba, the president of Cemex Mexico, has admitted that 2019 has been a ‘difficult’ year for the subsidiary of the building materials company. He said that sales volumes of cement , concrete and aggregates had fallen by 12 – 15% in the first seven months of the year, according to the Mural newspaper. He blamed the decline partly on falling national infrastructure invesment. In 2018 the country accounted for 46% of Cemex’s overall earnings before interest, taxation, depreciation and amortisation (EBITDA) around the world.

Last modified on 02 October 2019

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