Cemex
| CEMEX, SAB de CV
|
|
|---|---|
 |
|
| legal form | SAB de CV |
| ISIN | MXP225611567 |
| founding | 1906 |
| Seat |
San Pedro Garza García , Mexico
|
| management | Fernando Ángel González Olivieri, CEO |
| Number of employees | 40,878 |
| sales | 258 billion MXP 10.9 billion euros |
| Branch | Cement industry |
| Website | www.cemex.com |
| As of December 31, 2017 | |
CEMEX SA de CV is a globally operating manufacturer of building materials, primarily in the ready-mixed concrete sector, and one of the largest cement manufacturers in the world (annual turnover approx. 11 billion euros) after the Swiss company LafargeHolcim . In addition to the two main business areas cement and concrete , Cemex operates almost 400 mining sites for mineral raw materials such as sand , gravel and quarry stone worldwide . Cement clinker and precast concrete parts are also produced. Cemex is listed in the Índice de Precios y Cotizaciones (IPC) on the Bolsa Mexicana de Valores . The company is based in San Pedro Garza García near Monterrey .
history
The company was founded in 1906. After activities were limited to Mexico until the early 1980s, the company initially expanded its position on the American continent and has been listed on the stock exchange since the mid-1980s. From the 1990s onwards, Cemex bought up a number of cement and concrete companies in the global market and quickly became a global player . With the takeover of the US company Southdown in 2001 and the takeover of the British RMC Group (better known as “Readymix”) in 2005, Cemex became the world's largest manufacturer of ready-mixed concrete. In 2007 the Australian company Rinker was acquired. Because of this takeover, the company had to divest its concrete, cement and aggregates plants in the US states of Florida and Arizona for antitrust reasons . These were sold to the Irish group Cement Roadstone Holding for 4.5 billion US dollars (3.2 billion euros).
The Mexican Lorenzo Zambrano was CEO of the company until May 15, 2014 .
The CEMEX Germany AG approx counts 1,500 employees.
In 2004, Cemex received the Wharton Infosys Business Transformation Award for Latin America for its creative and efficient use of information technology.
On February 24, 2009, management announced that the company, with approximately $ 19 billion in debt, was threatened with bankruptcy and in urgent need of refinancing . At the same time it was announced that ten percent of the workforce would be dismissed. The planned sale of the Hungarian and Austrian plants to the construction group STRABAG failed at the end of June 2009 due to the lack of approval from the cartel authorities.
See also
Web links
Individual evidence
- ↑ a b Cemex 2017 Form 20-F Report , accessed on January 3, 2019
- ↑ Converted at the rate on the balance sheet date, December 31, 2017
- ↑ Der Standard : Cemex threatened with bankruptcy , February 25, 2009
- ↑ Cemex threatens Strabag with a lawsuit dated July 5, 2009